RIM Running Out of Options
BlackBerry maker Research In Motion may be running out of options as it struggles to turn around its slumping fortunes with the help of a coterie of investment bankers.
Morgan Stanley's Facebook Analyst: Sober Man in World of Hype
Scott Devitt, who replaced star Internet analyst Mary Meeker at Morgan Stanley in 2010, was one of the few analysts to cut his price target for Google in January after the company's fourth-quarter earnings missed analyst expectations by more than $1 a share.
Wall St Stumbles as Euro Zone Worry Grows
U.S. stocks dropped on
Wednesday, as rising bond yields for Italy and Spain and the
latest poll results in Greece worsened fears about a spiraling
of the euro zone's debt crisis.
Big Data's Role in Meeting Compliance and Regulatory Challenges
Responding to the changes in the financial industry with yesterday's data capabilities will place financial institutions at a disadvantage. Utilizing big data technologies can help firms meet financial reporting requirements, says DataArt's Oleg Komissarov.
How to Climb the Wall Street Corporate IT Ladder
Even as layoffs lay waste to financial services payrolls, top IT pros remain in strong demand. Here are the skills -- including Big Data and social media -- workers need to survive and thrive in a modern Wall Street IT organization.
Morgan Stanley Cut Facebook Estimates Just Before IPO
In the run-up to Facebook's $16
billion IPO, Morgan Stanley, the lead underwriter on the
deal, unexpectedly delivered some negative news to major
clients: The bank's consumer Internet analyst, Scott Devitt, was
reducing his revenue forecasts for the company.
Hedge Fund Lone Pine Capital Opts for SS&C's Form PF Tool
Starting next month, hedge funds with at least $22 billion in assets under management will need to begin filling out Form PF, which is designed to monitor the risks posed to the nation's financial system by hedge funds, private equity funds, and other large private funds.
LCH.Clearnet Piles into European CDS Clearing
LCH.Clearnet has joined the flood
of clearing houses piling into European credit default swaps
(CDS) ahead of regulation that will force firms to clear such
products on an exchange, instead of trading them privately.
Guggenheim Investments Picks NAV Platform
In a move to eliminate spreadsheets and reduce operational risk, Guggenheim chose Milestone Group's pControl platform to automate the production and control of net asset values.
Cisco: Cloud Is Changing CIO Role
Mobility, cloud, and collaboration technologies are changing the demands on CIOs, Cisco CTO Padmasree Warrior tells Interop 2012 audience. Cisco Cloud Connect, cloud networking platform rolling out this summer, aims at those demands.
Wall Street Firms Are Not Prepared for Big Data
New data sources, including social media and mobile devices, can provide valuable information and insights into customer tendencies and trends. But firms do not have the infrastructure or skills to handle the deluge of unstructured data.
Why Hedge Funds Flock to the Private Cloud
As a sign of hedge fund adoption of cloud-based IT services, Eze Castle Integrationhas more than 2,000 users at 600 hedge funds on its private cloud, surpassing over a pedabyte of data.
UBS Faces Pay Backlash as Weber Becomes Chairman
UBS became the latest
bank to face the anger of its shareholders over executive pay on
Thursday, as investors queued up to voice their complaints in a
packed meeting that echoed recent protests at Credit Suisse and
In Quiet Markets, FX Traders Hunt New Opportunities
Calm in currency markets is
causing a headache for foreign exchange traders, who are
struggling to make money as major currencies trade in a tight
range, and storing up trouble for investment banks relying on
the sector to generate profits.