Compliance

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Greg MacSweeney
Greg MacSweeney
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The True Cost of HFT, Sandy Weill's About Face, Death Star of Finance, and more

Sandy Weill, the former Citigroup chief executive and shatterer of Glass-Steagall says the industry needs a return to the separation of commercial and investment banks, while a recent study on HFT reveals that the practice costs long-term investors $2.5 billion per year.
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7. Bruised Apple

Apple is a little bit more vulnerable. There are chinks in their armor now.

— Giri Cherukuri, head trader at OakBrook Investments, commenting on the Apple's earnings report on Tuesday which showed that the global economy, particularly in Italy, France, Greece and China, had impacted iPhone sales

Source: Reuters: Apple's Invincibility Fades on iPhone Miss, Global Woes

 

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.