Banks Going to Hell, IT Budgets Follow? Not HPC!

Hey, wait a minute.
When you’re in a hole, stop digging.
Get a supercomputer.
That’s how things looked last Monday at High Performance Computing on Wall Street.
 This show, a combined effort of Russ Flagg and Pete Harris, now at A-Team Group, has been a popular one despite a schedule that coincides with heads of state visiting the UN […]

Finance News Moves Fast in the US — Often on Weekends

It’s hard to keep up with the flow of news about the bailout – miss a day of blogging and the assorted clips piling up on the desk are out of date. Still, I don’t want to let some of the more intriguing stories go unnoted.
Andy Kessler, who has written some fascinating and fun books […]

Green and Banking

I am working on a story about green and banking, and frankly I am approaching the topic with a bit of skepticism. The ultimate green move would be to decrease consumption, but what would that do to the credit industry. Ah, what credit industry, you ask. Hmm, good point.
I was struck by an obvious contradiction […]

Microsoft Names Susan Hauser Worldwide Finserv Head

Hauser’s experience in financial services goes back to the days when Microsoft was pushing Windows NT as an enterprise banking solution. It did better in the branches.
Starting in 1997 she was responsible for winning and deploying retail bank branch platforms on Windows NT and establishing Microsoft as a key partner in financial services, said Brian […]

Apple, the iPhone, and the Corporate World

Ahead of the annual Apple Expo trade show, held in September in Paris, I thought now would be a good time to reflect on the Mac platform’s potential in the corporate world in general, and financial services in particular, as the buzz around the iPhone keeps increasing.
Perceived primarily as a consumer product, the Mac’s traditional […]

Cloud Computing Crashes at Amazon

On demand computing, under a variety of brand names, is a hot topic again in financial services, in part because city centre locations favoured by banks are running out of space and power for data centres. IBM, HP and Sun have offerings, but so do companies from outside financial services, such as Amazon. Slight problem […]

Banking Becomes Boring. Better?

With banks having lost half a dozen years’ profits since last August you might believe headlines which suggest that they are prepared to scale back business.
Ah, but that does miss a key point. The banks may have lost, but the bankers didn’t lose past salary and bonus pay.
So while it is inspiring to read that […]

Starbucks Latte 10x Price of Oil

In a bit of writing that could change the image of The Dismal Science, Economist Todd Buchholz in the WSJ notes that Americans seems to be living well despite headlines forecasting the next Great Depression (This is our version of looking back nostalgically to rough times – sort of like gaining Londoners longing for a […]

Ups and Downs of the Wine Trade In London

“Champagne sales have slipped at the Wine Library, a shop on the fringe of the financial district, at a time when neighborhood businesses have little to toast,” reports the WSJ’s Letter from the City.
In another sign of the grim economics of downsizing, wine sales appear to be getting a boost as City types buy gifts […]

Tyranny of the Greens?

WSJ economics writer Stephen Moore suggests environmentalism is a way to bully ordinary citizens, noting that San Francisco garbage collectors could levy fines up to $1,000 for recyclables mixed with garbage improperly.
Looks like America is catching up with the UK here. But he does have an interesting statistical twist noting that Daniel Benjamin, an economist, […]