Financial Services Industry - Business Exchange Most Active Articles 2009-11-24T03:39:08.355-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:financial-services-industry William Andrews wandrews643 ETFs - Remembering Collateral Costs urn:com:businessweek:bx:article:8178380584556411514-58642fd3eb44cb02d99022956af25689 2009-11-23T03:49:52.029-05:00 There’s been a lengthy discussion on other blogs this week about how ETF Securities’ new currency ETCs work. In my view, the blogs’ authors, Felix Salmon of Reuters and Izabella Kaminska of FT Alphaville, have missed one key subject – collateral... There’s been a lengthy discussion on other blogs this week about how ETF Securities’ new currency ETCs work. In my view, the blogs’ authors, Felix Salmon of Reuters and Izabella Kaminska of FT Alphaville, have missed one key subject – collateral... indexuniverse.com http://www.indexuniverse.com/blog/6899-remembering-collateral-costs.html Gerard Denham gdenham662 1 1 0 0 BMO Capital Buys Assets From Paloma Hedge Fund (Update1) urn:com:businessweek:bx:article:8332033148800797428-a7bc714494ea2af5048f8069ceec6e5a 2009-11-17T11:01:48.176-05:00 Nov. 16 (Bloomberg) -- BMO Capital Markets, the investment- banking business of Bank of Montreal, hired a team and bought assets from Paloma Securities LLC to expand its securities- lending business. Bank of Montreal added 42 people from the lending... Nov. 16 (Bloomberg) -- BMO Capital Markets, the investment- banking business of Bank of Montreal, hired a team and bought assets from Paloma Securities LLC to expand its securities- lending business. Bank of Montreal added 42 people from the lending... bloomberg.com http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axMsMIgLeDY8 Gerard Denham gdenham662 4 4 0 0 Wall Street Makes It Hard to Earn Legal Living urn:com:businessweek:bx:article:11515901518310911023-079a4a1c20aaf885cc24f5b06927cbee 2009-11-15T09:54:01.761-05:00 A group of university students I spoke to recently asked if it was possible to make a living on Wall Street without compromising your values. I had to tell them no. Wall Street has many decent, honorable people, but they work... A group of university students I spoke to recently asked if it was possible to make a living on Wall Street without compromising your values. I had to tell them no. Wall Street has many decent, honorable people, but they work... bloomberg.com http://www.bloomberg.com/apps/news?pid=20601039&sid=aSBXFKI5Gvlg Terence Rose trose855 5 5 0 0 Small Banks Move In as Giants Falter urn:com:businessweek:bx:article:3706807504977990717-b81cf1fe17b55dd87fa268e5da9aac75 2009-11-13T18:05:48.383-05:00 The plan was created by BancVue, a consulting and marketing company for small banks. Its aim is to bring new high-interest, no-fee checking accounts offered by small banks and credit unions nationwide under one brand, called “Kasasa” — a name made up after BancVue conducted extensive consumer marketing tests. BancVue argues that smaller banks, by pooling their marketing resources, can attract deposits from larger institutions. The plan was created by BancVue, a consulting and marketing company for small banks. Its aim is to bring new high-interest, no-fee checking accounts offered by small banks and credit unions nationwide under one brand, called “Kasasa” — a name made up after BancVue conducted extensive consumer marketing tests. BancVue argues that smaller banks, by pooling their marketing resources, can attract deposits from larger institutions. New York Times http://www.nytimes.com/2009/11/02/business/media/02adco.html Crystal Thomas cthomas972 2 1 0 1 ATM Hacking Ring Taken Indicted urn:com:businessweek:bx:article:2539809589347495906-06e68c327242f6d226ffde81d6714f44 2009-11-10T23:31:36.628-05:00 A nine million UBS Worldpay ATM hacking ring has been taken down by U.S. and international prosecutors in Atlanta... A nine million UBS Worldpay ATM hacking ring has been taken down by U.S. and international prosecutors in Atlanta... ironpaper.com http://www.ironpaper.com/current/2009/11/atm-hacking-ring-taken-indicted/ Jonathan Franchell jfranchell521 2 1 0 1 Value Line Fined Million by SEC, CEO Resigns urn:com:businessweek:bx:article:8126057336074821023-ea54f6e002f6b1c2223a73dd1266d555 2009-11-05T14:48:30.409-05:00 We don't normally write about mutual funds, but first the Supreme Court case on mutual fund fees and now this? It's too good to pass up. Isolated incident? Maybe. We don't normally write about mutual funds, but first the Supreme Court case on mutual fund fees and now this? It's too good to pass up. Isolated incident? Maybe. brokernewsblog.com http://www.brokernewsblog.com/index.php/20091105246/Broker-News/Regulation/Value-Line-Fined-$44-Million-by-SEC-CEO-Resigns-VALU-MHP-MORN.html Dan Olson dolson229 7 6 0 1 Top Five Financial Sector Security Threats urn:com:businessweek:bx:article:4129887159318579432-f1ec092b2247004d3c62ba9cd0ca66a4 2009-11-04T10:46:55.797-05:00 With the threat of aftershocks in the US Stock market, continued bank closings and takeovers by the FDIC, serious consideration needs to be given to changing the current reporting, auditing and oversight regulations, and the public needs to pressure elected officials into action before our entire country is taken off financial life support. With the threat of aftershocks in the US Stock market, continued bank closings and takeovers by the FDIC, serious consideration needs to be given to changing the current reporting, auditing and oversight regulations, and the public needs to pressure elected officials into action before our entire country is taken off financial life support. Information Security Resources http://information-security-resources.com/2009/11/03/top-five-financial-sector-security-threats/ Anthony M. Freed afreed536 4 3 0 1 Sun Life Financial ad campaign urn:com:businessweek:bx:article:455347266484636267-37384a07543d9bec62112080f33cf4cc 2009-11-03T15:59:55.729-05:00 New branding campaign on the strength of Sun Life Financial, done by the Martin Agency. Trying to create better brand awareness. New branding campaign on the strength of Sun Life Financial, done by the Martin Agency. Trying to create better brand awareness. MediaPost | Marketing News http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=116616 Leslie MacCallum lmaccallum946 4 4 0 0 PCI Compliance Does Not Equal Security urn:com:businessweek:bx:article:18056389263545064404-eae96a8917e7545deab8e2f95b66ff39 2009-10-29T06:22:58.909-04:00 I recently saw an article entitled Compliance is the New Security Standard. The basic thesis of the blog post was that since companies have to spend money on compliance, they might as well spend the money once and rename the effort “security”. This is an interesting notion – although perhaps “placebo security” might be a cheaper approach. Compliance is not equivalent to security for several fundamental reasons… I recently saw an article entitled Compliance is the New Security Standard. The basic thesis of the blog post was that since companies have to spend money on compliance, they might as well spend the money once and rename the effort “security”. This is an interesting notion – although perhaps “placebo security” might be a cheaper approach. Compliance is not equivalent to security for several fundamental reasons… Information Security Resources http://information-security-resources.com/2009/10/28/pci-compliance-does-not-equal-security/ Anthony M. Freed afreed536 5 4 0 1 Financial Services CRM For Salesforce.com's Force.com Platform As A Service (PaaS) urn:com:businessweek:bx:article:6753877330944820208-c1cf92cb0800701856154fcebfd3c9ad 2009-11-03T09:49:25.148-05:00 At least 5 people asked me that question in the last 2 weeks. These people are customers, competitors as well as our partners. Everyone has been surprised at our success in the Financial market with our Force.com based services (or products, as some would call them) to manage operations for Capital Markets and Asset Management firms.But then, they figure it makes sense since Navatar is offering the lowest cost option to those who have no money to spend these days.... At least 5 people asked me that question in the last 2 weeks. These people are customers, competitors as well as our partners. Everyone has been surprised at our success in the Financial market with our Force.com based services (or products, as some would call them) to manage operations for Capital Markets and Asset Management firms.But then, they figure it makes sense since Navatar is offering the lowest cost option to those who have no money to spend these days.... facebook.com http://www.facebook.com/note.php?note_id=143626402769 ALOK MISRA amisra526 3 3 0 0 KaChing Lets Investors See and Mirror Experts’ Trades urn:com:businessweek:bx:article:17629394656488307693-372ce315ba293c0690ee0566398c72f1 2009-10-19T17:21:14.460-04:00 SAN FRANCISCO — The trouble with mutual funds is that investors can feel as though they have put their money in a black box. The 90 million Americans with money in funds know little about fees, what securities their money is invested in and who is... SAN FRANCISCO — The trouble with mutual funds is that investors can feel as though they have put their money in a black box. The 90 million Americans with money in funds know little about fees, what securities their money is invested in and who is... New York Times http://www.nytimes.com/2009/10/19/technology/start-ups/19kaching.html?_r=1&ref=business Dan Olson dolson229 3 0 1 2 Capital Markets Cooperative Brings More Value to its Clients with Addition of IDS, Inc. - Banking and Finance News urn:com:businessweek:bx:article:16284409386696568177-752875b7c64b816132eb78f88015339c 2009-10-21T13:45:04.483-04:00 PONTE VEDRA BEACH, Fla., Oct. 21 (SEND2PRESS NEWSWIRE) -- Capital Markets Cooperative has added IDS, Inc., to its list of preferred service providers. This relationship will bring the cooperative membership greater benefits when contracting with IDS... PONTE VEDRA BEACH, Fla., Oct. 21 (SEND2PRESS NEWSWIRE) -- Capital Markets Cooperative has added IDS, Inc., to its list of preferred service providers. This relationship will bring the cooperative membership greater benefits when contracting with IDS... send2press.com http://www.send2press.com/newswire/2009-10-1021-002.shtml Christopher Simmons csimmons281 2 1 1 0 Global Finance: Britain Is No. 1 urn:com:businessweek:bx:article:13812661180485625713-0cfc3d3c4422b91743f4630256ca5617 2009-10-31T16:33:17.029-04:00 London has officially dethroned New York as the world's top financial center, according to an index released this month by the Geneva-based World Economic Forum (WEF). The WEF's 2009 Financial Development Index ranks 55 countries on the... London has officially dethroned New York as the world's top financial center, according to an index released this month by the Geneva-based World Economic Forum (WEF). The WEF's 2009 Financial Development Index ranks 55 countries on the... BusinessWeek http://www.businessweek.com/globalbiz/content/oct2009/gb20091030_040491.htm Andy Reinhardt areinhardt626 2 2 0 0 Colombia Suramericana's Jan-Sep Net Up 176% On Yr To COP298B urn:com:businessweek:bx:article:11313770289739376033-c9cd6f2298355ea872d7a7a74d18037c 2009-10-30T13:13:41.220-04:00 Colombia's largest holding company, Grupo de Inversiones Suramericana SA (GRUPOSURA.BO), booked a net profit of 298 billion Colombian pesos ($151 million) in the first nine months of the year, 176% higher than the COP108 billion in the same period last year. Colombia's largest holding company, Grupo de Inversiones Suramericana SA (GRUPOSURA.BO), booked a net profit of 298 billion Colombian pesos ($151 million) in the first nine months of the year, 176% higher than the COP108 billion in the same period last year. online.wsj.com http://online.wsj.com/article/BT-CO-20091029-718942.html Ronald Mina rmina410 0 0 0 0 One Year After AIG Bailout, Millennials Find Little Trust or Optimism in Their Financial Institutions, Reports Microsoft Survey urn:com:businessweek:bx:article:3172258566185284535-54b4880863d770ac01430ba78496cf27 2009-10-28T14:31:30.369-04:00 f the estimated 80 million people that make up the “millennial generation,” only half report they are currently planning to invest in the stock market, savings accounts or 401(k)s and have less trust in banking and investment firms since the bailouts of AIG and global banks a year ago. f the estimated 80 million people that make up the “millennial generation,” only half report they are currently planning to invest in the stock market, savings accounts or 401(k)s and have less trust in banking and investment firms since the bailouts of AIG and global banks a year ago. microsoft.com http://www.microsoft.com/presspass/press/2009/sep09/09-30millennialpr.mspx Ronald Mina rmina410 1 1 0 0 Pay Czar Readies Knife urn:com:businessweek:bx:article:13727965848599154724-6a506fe2a4a1d6541b7289317364aa2a 2009-10-21T20:22:58.135-04:00 Get ready for the next fight between Wall Street and Washington over executive compensation. With some financial firms projected to pay out record bonuses for 2009, the Obama administration is soon expected to slash compensation for bosses at the seven companies that have received the most bailout cash within the past year. Get ready for the next fight between Wall Street and Washington over executive compensation. With some financial firms projected to pay out record bonuses for 2009, the Obama administration is soon expected to slash compensation for bosses at the seven companies that have received the most bailout cash within the past year. Forbes.com http://www.forbes.com/2009/10/21/tarp-executive-pay-business-washington-feinberg.html Thomas Huynh thuynh381 1 0 0 1 Inter-Pacific Securities Goes Live with SunGard’s GL Net for Direct Market Access to Malaysia urn:com:businessweek:bx:article:15711355326201622078-c384e3f204c9ab60f025afcadd782342 2009-10-28T16:54:20.017-04:00 Inter-Pacific Securities Sdn Bhd (IPS), a Malaysian brokerage firm, has gone live with SunGard’s GL Net low-latency market data and order routing network to gain direct market access (DMA) to Bursa Malaysia Berhad’s derivatives exchange. Inter-Pacific Securities Sdn Bhd (IPS), a Malaysian brokerage firm, has gone live with SunGard’s GL Net low-latency market data and order routing network to gain direct market access (DMA) to Bursa Malaysia Berhad’s derivatives exchange. sungard.com http://www.sungard.com/pressreleases/2009/globaltrading102609.aspx Ronald Mina rmina410 0 0 0 0 Somerset Capital Group Selects SunGard’s Ambit Leasing & Asset-Based Finance Solution urn:com:businessweek:bx:article:6239806123211844018-7566318900aac47f9f463429a52a93fd 2009-10-28T16:51:16.157-04:00 Somerset Capital Group Ltd. (Somerset), a global provider of customized equipment leasing, asset-based finance and asset management solutions, has chosen SunGard’s Ambit Leasing & Asset-Based Finance solution* to support its end-to-end leasing operations. Somerset Capital Group Ltd. (Somerset), a global provider of customized equipment leasing, asset-based finance and asset management solutions, has chosen SunGard’s Ambit Leasing & Asset-Based Finance solution* to support its end-to-end leasing operations. sungard.com http://www.sungard.com/pressreleases/2009/ambit102709.aspx Ronald Mina rmina410 0 0 0 0 Funds Management Division of AmInvestment Bank Group Selects SunGard’s APT for Multi-Asset Fund Risk Modeling, Analysis and Reporting urn:com:businessweek:bx:article:7005475965944547239-9a080525d43d63b9b09bacf9f021d4d3 2009-10-28T16:47:56.458-04:00 The Funds Management Division (FMD) of AmInvestment Bank Group, a leading Malaysian financial services firm, has selected SunGard’s APT to help support its multi-asset risk modeling, fund risk analysis and fund services reporting activities. SunGard’s APT combines user-defined criteria with multiple industry, economic and external factors to help firms facilitate the measurement and forecasting of risk, portfolio construction and optimization, and regulatory compliance. The solution will help FMD to meet increasingly demanding regulatory mandates and address changing client requirements. The Funds Management Division (FMD) of AmInvestment Bank Group, a leading Malaysian financial services firm, has selected SunGard’s APT to help support its multi-asset risk modeling, fund risk analysis and fund services reporting activities. SunGard’s APT combines user-defined criteria with multiple industry, economic and external factors to help firms facilitate the measurement and forecasting of risk, portfolio construction and optimization, and regulatory compliance. The solution will help FMD to meet increasingly demanding regulatory mandates and address changing client requirements. sungard.com http://www.sungard.com/pressreleases/2009/apt102809.aspx Ronald Mina rmina410 0 0 0 0 GOLDMAN SACHS: PR RECONSIDERED urn:com:businessweek:bx:article:4252378741226300049-0bfeaa224d3c6fe23e9858462238a881 2009-10-23T11:25:42.462-04:00 Goldman Sachs is sitting on a PR goldmine. They should take a tip from Andrew Carnegie: philanthropy must be genuine and transparent, not publicity stunts. Goldman Sachs is sitting on a PR goldmine. They should take a tip from Andrew Carnegie: philanthropy must be genuine and transparent, not publicity stunts. blog.makovsky.com http://blog.makovsky.com/2009/10/goldman-sachs-pr-reconsidered.html#links Ken Makovsky kmakovsky105 2 2 0 0 Banks Too Small To Save urn:com:businessweek:bx:article:7714979268096243696-9ee492636660d28036759cb3ab1dd5c0 2009-10-11T20:03:54.235-04:00 Deemed too small to save, small banks are approaching a grim milestone: the 100th bank failure in 2009. Deemed too small to save, small banks are approaching a grim milestone: the 100th bank failure in 2009. Coaching Tip: The Leadership Blog http://www.coachingtip.com/2009/10/banks-too-small-to-save.html John Agno jagno444 4 3 0 1 Texas Regulators and Orlando Bankruptcies Force New Scrutiny on WizeTrade Sale urn:com:businessweek:bx:article:14944507882862209539-0394161aeb1e464a440215803c117efb 2009-10-09T14:44:45.620-04:00 If this article is confusing, that is, at least in part, the point. Orlando-based Telligenix Corporation bought what was left of... If this article is confusing, that is, at least in part, the point. Orlando-based Telligenix Corporation bought what was left of... brokernewsblog.com http://www.brokernewsblog.com/index.php/20091009222/Broker-News/News/Texas-Regulators-and-Orlando-Bankruptcies-Force-New-Scrutiny-on-WizeTrade-Sale-OXPS-AMTD.html Dan Olson dolson229 4 3 0 1 Navatar Group Announces Two for One Pricing for Private Equity CRM, Hedge Fund CRM, Mutual Fund CRM, Capital Markets CRM and Placement Agent CRM Built and Run on Salesforce.com's Force.com Cloud Computing Platform urn:com:businessweek:bx:article:6589395962488118945-0e81afa4c7f7ca5c1a9386cf82a39a7c 2009-10-23T10:41:44.661-04:00 Gain a Free User License for Each Purchased for Financial Services CRM and Operations Solutions from Global Salesforce.com VAR NEW YORK, Oct. 21, 2009 (GLOBE NEWSWIRE) -- Navatar Group, a global salesforce.com partner and Value Added Reseller (VAR) in financial services, today announced Two For One Promotion Pricing for their Buy Side and Sell Side Cloud Computing Solutions running on the Force.com platform. The pricing includes both the Navatar service and the underlying force.com seats. Navatar Group also provides all implementation services, accounts/contacts migration, training, maintenance and email support for these solutions free of charge. Gain a Free User License for Each Purchased for Financial Services CRM and Operations Solutions from Global Salesforce.com VAR NEW YORK, Oct. 21, 2009 (GLOBE NEWSWIRE) -- Navatar Group, a global salesforce.com partner and Value Added Reseller (VAR) in financial services, today announced Two For One Promotion Pricing for their Buy Side and Sell Side Cloud Computing Solutions running on the Force.com platform. The pricing includes both the Navatar service and the underlying force.com seats. Navatar Group also provides all implementation services, accounts/contacts migration, training, maintenance and email support for these solutions free of charge. globenewswire.com http://www.globenewswire.com/news.html?d=176141 ALOK MISRA amisra526 0 0 0 0 Deutsche Börse and Eurex welcome the communication issued by the EU Commission entitled “Ensuring Efficient, Safe and Sound Derivatives Markets: Future Policy Actions“. urn:com:businessweek:bx:article:13394884769288277529-628c55984e8c22d661f158e77c80f4c1 2009-10-22T03:32:26.357-04:00 Deutsche Börse and Eurex support the EU Commission’s objective to reduce systemic risks in the OTC derivatives market in order to increase the stability of the market with the proposed measures. Deutsche Börse and Eurex support the EU Commission’s objective to reduce systemic risks in the OTC derivatives market in order to increase the stability of the market with the proposed measures. intranet.deutsche-boerse.de http://intranet.deutsche-boerse.de/INTRANET/ihp.nsf/news/EC45AB3F4E741EB9C125765600516E99 Gerard Denham gdenham662 0 0 0 0 Obama Takes Bully Pulpit to Push Agency For Consumers urn:com:businessweek:bx:article:10772232400873559937-026590652cee8aca88efdb2befbfa36b 2009-10-10T13:04:43.306-04:00 President Obama on Friday scolded business groups that have fought his plan to create a new federal agency to oversee mortgages, credit cards and other consumer financial products, casting the debate as a battle between his administration and Wall Street. President Obama on Friday scolded business groups that have fought his plan to create a new federal agency to oversee mortgages, credit cards and other consumer financial products, casting the debate as a battle between his administration and Wall Street. Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2009/10/09/AR2009100904414.html Thomas Huynh thuynh381 1 0 0 1