Compliance

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Greg MacSweeney
Greg MacSweeney
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LIBOR Lowlights, RIM's Downfall, Where's Jon Corzine and more

The LIBOR scandal and the fall of Barclays' CEO Bob Diamond dominated financial services coverage this week, while others chatter about disgraced MF Global CEO Jon Corzine, RIM's continued downward spiral and Goldman Sachs new universe.
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3. Move Along, Nothing To See Here Folks

There's nothing wrong with the company as it exists right now.

— Thorsten Heins, the chief executive of RIM, after the company announced a delay in the BlackBerry 10 on which it has staked its future, said it would shed 5,000 out of 16,500 jobs, posted a $512 million quarterly loss and saw its share price drop by about 95 percent.

Source: New York Times

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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Stressed Out by Compliance, Reputational Damage & Fines?
Stressed Out by Compliance, Reputational Damage & Fines?
Financial services executives are living in a "regulatory pressure cooker." Here's how executives are preparing for the new compliance requirements.