Banking Needs Big Bonuses — For Supervisors
Ah, here is a fresh idea from Charles Goodhart and Avinash Persaud in the FT: give bank supervisors hefty bonuses that pay out over five years or so if the firms in their purview stay profitable. Next...
View ArticleChina Offers US Economic Advice
Ah, sweet revenge. Chinese leaders are offering the US advice on how to run its economy, and a bit of criticism on its performance so far, reports Edward Wong in The New York Times. The Chinese have...
View ArticleChicago Trading Firms Getting CVs from New York Traders
Chicago is definitely the Second City for most people working on Wall Street, as suggested by that famous New Yorker cover showing a native’s view of the world west of the Hudson as an alien wasteland....
View ArticleBanks 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...
View ArticleMicrosoft Launches New and Improved HPC Platform
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...
View ArticleHow Risk Management Failed at Citi
In Sunday’s New York Times, Eric Dash and Julie Creswell take apart the failed risk management practices at Citigroup in a detailed article that draws on extensive comments from bank insiders. Much of...
View ArticleWhat do banking CEOs know, and what is wrong?
“What keeps you awake at night?” In interviews with more than 1,000 C-level executives at firms around the globe – including 54 financial institutions – IBM researchers trotted out that standard...
View ArticleUnromantics Unite for an UN-conference on Banking Innovation – 14 Feb.
OK, the tech visionaries who want to talk about innovation in banking probably don’t have a social life anyway, so here’s an event for them - BarCampBank, which promotes itself as the Unconference...
View ArticleSophis Survey – Derivatives Will Move to Exchanges and Clearing
Sophis, a provider of portfolio and risk management solutions, says a survey of risk professionals shows that they expect at least 50% of their CDS trades will move from OCT to exchange-cleared...
View ArticleFor Oracle to take out IBM requires more than talk
Larry Ellison has said that with the acquisition of Sun he is ready to take on IBM in the enterprise. Others don’t think so. I’ve been steadily impressed with what IBM is doing in financial services....
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