Among the stories covered last month by the Banking Technology team for our Sibos Daily News sibling was the French Banking Federation’s reaction to a statement by the European Commission and the European Central Bank in early September, saying they would only support the idea of a multilateral interchange fee for Sepa direct debits for [...]
Filed under: Payments, Sibos, regulation | Comments Off
Amazing how fast this has been moving. The Wall Street Journal has provided excellent coverage with in-depth reporting including the corporate politics that mostly occur well out of sight. (The Journal’s editorial page remains, as it has been historically, mostly a source of comic relief.)
Pity the poor weeklies – the news keeps coming over the [...]
Filed under: Credit Crunch, Technology, regulation, risk | Comments Off
There was something a little surreal about this year’s Sibos. While the banking sector’s woes and the demise of Lehman Brothers were on everyone’s mind, it was almost business as usual on the exhibition floor, as vendors announced new products and banks plugged their services, with no shortage of champagne and canapes.
The two bankers I [...]
Filed under: Credit Crunch, Sibos, regulation | Comments Off
I have mentioned the challenges weeklies like Businessweek and the Economist have with the financial crunch, especially since the major decisions tend to be reached on Sunday night in New York ahead of the markets’ opening in Asia. The weeklies close Thursday or Friday, and even the FT weekend edition is stuck until Monday morning [...]
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The US crisis has made at least some folks across the Altantic ask “What would Europe do?” If a BNP, HSBC, or UBS ran into life-threatening liquidity problems, could Europe generate a coordinated response? The European-based banks were quick to seek a role in the US bailout/buyout –whatever. Would London treat American or German banks [...]
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Some interesting bits and pieces in the rankings. Coca-Cola is No. 1, IBM No. 2, Microsoft No. 3, Intel No. 7 and HP No. 12.
Big financial firms are still doing well, sometimes strangely well. Citi is No. 19, HSBC is No. 27 and Merrill Lynch – remember Merrill Lynch? – is No. 34. Guess Bank [...]
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In the works for two and a half years, according to one person on the team, Microsoft has brought out a new version of HPC with the familiar Windows front end, so Super Power (Kryptonite not included in the base price) is not only available but usable.
The company wheeled out some impressive executives for this, [...]
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In the 29 September issue of Businessweek, Michael Mandel says the current financial crisis has a bright spot. Yes, that’s the term he uses.
“The US has had a distorted economy since 2000. Money flowed into housing and consumer goods, while business and infrastructure investment got short shrift. In other words, productive assets had to go [...]
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The Journal has been doing a great job of the inner conflicts – no, not shrink talk, political talk – at Lehman. I think it was The Times the other day that suggested perhaps it is time for Richard Fuld to go, but it’s The Journal which can walk a reader through the last couple [...]
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Cray, which has returned from the dead or the fatal grasp of SGI, and was at the HPC On Wall Street show with a very hot small box that can fit on an office, uses Intel processors and runs Windows HPS Server or Red Hat Linux. It runs on standard office power and is pretty [...]
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