Dubai's Debt May Hurt Banking Recovery
11/30/2009The state-owned company Dubai World wants more time to repay its debt. Given that it owes at least $59 billion to creditors, there are concerns a wave of defaults could be on the way.
Profile of Greg MacSweeney
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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 November 2009
posted in November 2009
The state-owned company Dubai World wants more time to repay its debt. Given that it owes at least $59 billion to creditors, there are concerns a wave of defaults could be on the way.
Banks Are Surprise Supporters for Pay Regulation
11/30/2009The public comment period on proposed rules by the Federal Reserve to crack down on executive pay is over. In a surprise, banks are generally supportive of pay regulations
ConvergEx Acquires NorthPoint Trading Partners Prime Broker Business
11/23/2009Acquisition of NorthPoint adds established boutique prime broker platform to ConvergEx's suite of services.
Economists Upbeat About Jobs
11/23/2009The National Association of Business Economists (NABE) has upgraded its employment forecast for 2010.
New Asset Bubbles May Be Growing
11/23/2009There's growing concern that the world's central banks are flooding financial institutions with too much cash, setting the stage for another asset-bubble burst.
CFTC Chairman Calls for Comprehensive Reform to OTC Derivatives Market
11/20/2009Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), says that most important thing that needs to happen to the over the counter derivatives market is comprehensive reform.
Congress to Take Closer Look at The Fed
11/20/2009A House panel has voted in favor of letting Congress take a closer look at the Federal Reserve.
IBM WebSphere MQ Low Latency Messaging Completes STAC-M2 Testing
11/19/2009IBM sets performance standard in independent low latency benchmark for financial markets.
New Task Force Targets Financial Fraud
11/18/2009Following a rise in Wall Street trading scandals, the Obama administration announced a new inter-agency task force to crack down on financial fraud.
Did Geithner Do Right By AIG?
11/18/2009A report from the TARP Inspector General Neal Barofsky suggests the government overpaid a good deal to rescue AIG.
WS&T Presents the Capital Markets Outlook 2010
11/17/2009Wall Street & Technology editors examine the top 10 trends that will shape the capital markets in the coming year.
Techy "Brains" Behind Madoff Ponzi Scheme Arrested
11/13/2009One of the unanswered questions surrounding the Bernie Madoff Ponzi scheme was how did Madoff fool so many people for so long? Well, in addition to a lot of charm, charisma and leveraging his good reputation in the industry, Madoff also had help from a couple of programmers who allegedly falsified records to fool SEC inspectors. In fact, it's playing out just like a Hollywood movie script. The face of the operation (Madoff) supposedly had help from a couple behind the scenes programmers who help
Hedge Fund Copycats Show Promise
11/13/2009Reuters columnist Christopher Swann says that hedge fund replication could make hedge fund-style strategies available to Joe Public - reducing retail investors' almost total dependence on stocks. Hedge fund replicators' fees are much lower (around 1 percent) and they don't lock up capital for long periods of time. However, the replicator funds are relatively new and it's hard to gauge how they will perform in the long term.
Making Sense of the Jobless Recovery
11/6/2009Even with advanced technology initiatives under way, many firms are taking a cautious approach to hiring during this long recovery.
Investors Demand Hedge Fund Transparency
11/6/2009Institutional investors are already demanding more transparency from hedge funds. Not to be outdone, regulators are readying new rules for hedge fund reporting.
Social Networking Is Here to Stay
11/5/2009Social networking is changing the way consumers, investors and traders interact and share information. But all companies are struggling to show how the technology is actually adding to the bottom line.
Dark Pools Seek Limited Transparency
11/4/2009Dark pools provide institutional investors with a valuable venue for trading large blocks of securities. But new regulations may change the way market participants interact with anonymous trading venues in 2010.
Politicians Should Keep Hands Off the Fed
11/4/2009Politicians should keep their hands off the Fed and not try to bring the Reserve under Washington supervision.
Only 20% of Financial Institutions Plan to Increase Hiring During Next 6 Months
11/4/2009Banking executives are more pessimistic than leaders in other industries and are most concerned about the rising costs of employee benefits.
Investment Managers Remain Bullish
11/3/2009The portfolio managers surveyed in Barron's latest Big Money Poll think stocks could move 10 percent higher by June 2010, but the danger signals are rising.
Big Chill Seen if Bear Stearns Managers Walk
11/3/2009Reuters Columnist Matthew Goldstein says too little attention is being paid to the criminal trial of of former Bear Stearns managers charged with lying to investors in the spring of 2007 about the health of once-giant hedge funds.
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