The Mobile Frontier: Next-Gen Apps on the Street
The rise of mobile apps is transforming Wall Street, enhancing the customer experience, improving portfolio and risk management, advancing the search for alpha, and even strengthening compliance.
The Funniest Sandy Weill Twitter Responses
Former Citigroup CEO and the architect of the modern mega-bank dropped a bombshell on CNBC yesterday: We should break up the big banks that are too big to fail. This statement may seem simple and sensible but consider the source: this came from the man who created these very banking behemoths. Needless to say, Twitter was abuzz comparing Sandy Weill's truth bomb to other statements no one ever expected to hear. Enjoy.
Prosecutors, Regulators Close to Making Libor Arrests
U.S. prosecutors and European regulators
are close to arresting individual traders and charging them with
colluding to manipulate global benchmark interest rates,
according to people familiar with a sweeping investigation into
the rigging scandal.
Tech Innovators Focus On Big Data
A number of entrepreneurs showcasing their latest inventions to venture capitalists at the FinTech Innovation Lab aim to help financial institutions make better sense of Big Data.
Fidessa Updates Canadian Trading Platform
It's called - drumroll, please - Version 12.1 and the firm's trading kit has been deployed across 90 percent of Fidessa's Canadian's clients, including eight of the top ten financial institutions north of the border.
Citi's Loss Beats Wall Street's Expectations
Citigroup Inc said on Monday
quarterly earnings fell 12 percent as it was stung by losses
from credit crisis-era assets, but the bank's results were
better than many analysts expected after cost-cutting.
Hot Remarks From JPMorgan's Earnings Call
The investment bank's $2 Billion "Bad Bet" has blossomed to a staggering $5 Billion as it unwinds, and industry observers predict it could continue to grow. In a dramatic quarterly earning report, JP Morgan CEO Jamie Dimon got a grilling from financial reporters compared to his appearance before Congress last month. Here are some of the most dramatic quotes from this morning's conference call.
EU Banks Still Face Major Challenges
The European Banking Authority said there remained significant challenges ahead for Europe's banks after they successfully met new requirements to bolster their core capital buffers.
Many Wall St Execs: Wrongdoing Is Necessary
If the ancient Greek philosopher
Diogenes were to go out with his lantern in search of an honest
many today, a survey of Wall Street executives on workplace
conduct suggests he might have to look elsewhere.
UBS Memo Deepens UK Political Row Over Rate-Fixing
A political row in Britain over fixing of interbank lending rates deepened on Saturday after the publication of confidential advice from UBS to the previous Labour government on how to reduce the key Libor rate at the height of the financial crisis in 2008.
The IT Stress Test for Financial Services Firms
As financial services organizations approach the 2013 budget planning season, the process of constructing an IT stress test will help them to collect needed data and create hypotheses about the dynamics of IT and the business.
From Romney's Hedge Fund Family Tree to Parliament's HF Treasure Chest: The Top Hedge Fund Tweets
What has the Twitterati been saying about hedge funds for the past few days? A potential First Lady invested a ton into her son's hedge fund, lawmakers in the UK want to grill the same hedge fund managers who donated a boatload of cash to their coffers and high-end ladies footwear were some of the hot topics. Advanced Trading chose a sample of the most provocative Tweets and gathered them into in one handy gallery. Did we miss your favorite? Send it to us and we'll re-tweet it in a hurry.
A Time-Out for HFT
If high frequency traders can submit quotes and pull them out in an instant, why not set a time limit before they can resubmit a new quote?
What Happened to Jon Corzine?
With clouds of the MF Global collapse hovering over him, Jon Corzine, the former senator and governor of New Jersey, is lying low in the Hamptons, reports the New York Post.