Asset Management

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Financial Insights Analysts
Financial Insights Analysts
Commentary
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Irrational Exuberance Turns to Irrational Despair: Merrill Lynch and Lehman Brothers

Financial Insights analysts react to the events of the past week.

The report highlights include the expected decrease in technology spending noting that Merrill and Lehman each represented about 3% of the total securities markets IT spend, equaling an immediate 6% decline in projected spending.

The report suggests that Bank of America could become the Google or Microsoft of the financial services space.

IT firms with analytics, compliance and risk management vendors should be jockeying to assist these firms with an obvious gaps.

Read the full report:

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Wall Street & Technology - July 2014
In addition to regular audits, the SEC will start to scrutinize the cyber-security preparedness of market participants.
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It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.