Profile of Greg MacSweeneyEditorial Director
Member Since: 5/8/2014
Blog Posts: 734
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology.
Articles by Greg MacSweeney
posted in October 2008
When financially sound banks (and not burdened with so-called toxic assets) are running to the Fed to take part in the bail out, is that a sign that the deal is too sweet for the banks?
With increased regulation an almost foregone conclusion, the financial services industry will have to work to regain trust and credibility.
Hundreds of billions in losses were expected from Lehman Brothers' credit default mess. But the reality wasn't so disastrous after all -- more like $5 billion.
Former Fed Chairman Alan Greenspan said he was "shocked" by the breakdown in the credit system and told Congress the crisis was once in a century.
Combined company would cover equities, fixed income, mutual funds, annuities, OTC products and more.
Congress is holding hearings about the role rating agencies played in the credit crises, and Congressman Henry Waxman no longer believes markets can self regulate.
Merrill Lynch expects to cut thousands of jobs as a result of its takeover by Bank of America.
Prosecutors are looking to see if traders manipulated the prices of credit default swaps in order to weaken confidence in financial companies.
On the day that Lehman Brothers failed I spoke briefly with David Hodgkinson, group chief operating officer, at HSBC. Hodgkinson discusses how global banks need to work together to uncover potential risks and the role technology will play in uncovering new financial and market risks in the future. We were at the SIBOS 2008 conference in Vienna.