Bank IT Execs Go to the Web First for Technology Information
How do financial services executives shop for new technology? Forrester senior analyst Ellen Carney completed a report today that looks into bank IT executives' research methods and found that their number one digital media source of technology information is "vendor, industry/trade or professional web sites" (cited by 90% of bank IT executive respondents). The ne
Deconstructing "Too Big to Fail"
With increased regulation an almost foregone conclusion, the financial services industry will have to work to regain trust and credibility.
Three weeks on, how is the bailout going? (audio)
Three weeks after the $700 billion bailout package, big name banks are finally getting their money, while a number of smaller regional banks have also signed up for federal cash. Economist Doug Elmendorf at the Brookings Institutions takes stock of the bailout and talks about how he expects banks to react to their cash injection, in a Marketplace segment from American Public Media.
Content Analytics for Individual Investors
As we continue to anxiously follow the wildly fluctuating stock market, YellowBrix, a provider of content analytics, announced the release of RightTrade, a service that makes predictions before the market opens each day and tracks the real-time sentiment of any publicly traded company.
While Greenspan Pans Derivatives Price Modeling, Vendors Fine-Tune Their Offerings
In testimony before Congress today, Alan Greenspan placed the blame for the current financial crisis squarely on the use of mathematical models to determine value and risk for mortgage-backed securities: "It was the failure to properly price such risky assets that precipitated the crisis," he said. "In recent decades, a vast risk management and pricing system has evolved, combining the best insights of mathematicians and finance experts supported by major advances in computer and communications
The Dawn of a New Investment Banking Model
Rising from the ashes of the bulge-bracket investment banking model, a new breed of partner-driven merchant-investment bank is on the horizon, predicts Larry Tabb, special contributing editor.
Is This Crisis Different? Not Really
Despite popular sentiment that the financial meltdown of 2007-08 is unique in history, we can glean lessons from earlier crises to make a better, more stable financial system, says John Chen, CEO of Sybase.
KEEPING TABS: Industry Moves and Appointments
Scottrade named Joan Albeck the company's first CTO and hired Timothy Friedman as chief AML compliance officer. Janney Montgomery Scott named Robert Thielmann CIO and SVP. ING Advisor Network CIO Jim Clabby has taken on additional responsibilities including overseeing IT.