Things we're reading today include … Companies: UBS, not Goldman Sachs, gives a more realistic picture of banks' health (Telegraph) Lehman yields bonanza for the professionals (Times)Merrill Lynch Developing Private, Public Cloud Initiatives in Parallel (FinanceTech) Why Chase is killing WaMu’s retail concept (Financial Brand) UK: Nine building societies have credit ratings downgraded (Times)Mortgage rejections…
Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers. In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …
Wired's blog just noted that Bryan Sartin, director of investigative response for Verizon Business, is saying the backbone of bank security – the PIN – is broken by hackers. In fact, he reckons, its' been blown apart. "We're seeing entirely new attacks that a year ago were thought to be only academically possible," says Sartin. …
Things we're reading today include: Fortis Bank reveals large loss (BBC) UBS jobless tally hits 18,000 amid rising losses (Times) RBS sees big growth in Islamic finance (Reuters) Lehman 'sausage machine' processor at work (Financial Times) Goldman amasses $164bn war chest (Financial Times) Alistair Darling to announce supply-chain insurance scheme (Telegraph)Ben Bernanke sees 'tentative signs'…
Things we're reading today include: Fortis Bank reveals large loss (BBC) UBS jobless tally hits 18,000 amid rising losses (Times) RBS sees big growth in Islamic finance (Reuters) Lehman 'sausage machine' processor at work (Financial Times) Goldman amasses $164bn war chest (Financial Times) Alistair Darling to announce supply-chain insurance scheme (Telegraph)Ben Bernanke sees 'tentative signs'…
Lots of stuff we're reading today … Europe: Germany is one of the worst-hit economies in the developed world. So why is everybody so calm? (Newsweek)Germany finance minister to unveil bad banks plan (Euractiv)Hungary's new PM takes over a nation in crisis (Euractiv) Equiduct joins list of MTF launches (Financial Times) USA: Goldman Sachs to…
Lots of stuff we're reading today … Europe: Germany is one of the worst-hit economies in the developed world. So why is everybody so calm? (Newsweek)Germany finance minister to unveil bad banks plan (Euractiv)Hungary's new PM takes over a nation in crisis (Euractiv) Equiduct joins list of MTF launches (Financial Times) USA: Goldman Sachs to…
Lots of stuff we're reading today … Europe: Germany is one of the worst-hit economies in the developed world. So why is everybody so calm? (Newsweek)Germany finance minister to unveil bad banks plan (Euractiv)Hungary's new PM takes over a nation in crisis (Euractiv) Equiduct joins list of MTF launches (Financial Times) USA: Goldman Sachs to…
Things we're reading today include … UK: Doubt over second wave of quantitative easing (Telegraph) Financial Services Authority to investigate bankers' failures (Guardian) Europe: Iceland banking inquiry finds murky geysers run deep (Telegraph) Germany warns on ‘crisis after crisis’ (Financial Times) Germany on a mission to soak up toxic assets (Financial Times) UBS to announce…
Things we're reading today include: HSBC faces crisis over US credit cards (Guardian) HSBC’s London HQ back on the block in £2.7bn sell-off (Times)Barclays opens door to BGI sale (Telegraph) Britain’s best-paid banker takes home £16m bonus (Times)Banks face £18bn pension gap (Guardian) FSA inquiry to investigate bank bosses (Telegraph) Analysts say markets likely to…
