RIM Running Out of Options
BlackBerry maker Research In Motion may be running out of options as it struggles to turn around its slumping fortunes with the help of a coterie of investment bankers.
Big Data's Role in Meeting Compliance and Regulatory Challenges
Responding to the changes in the financial industry with yesterday's data capabilities will place financial institutions at a disadvantage. Utilizing big data technologies can help firms meet financial reporting requirements, says DataArt's Oleg Komissarov.
Citi Seeks Its Next Act in Wealth Management
As Citigroup prepares to exit its ownership in brokerage giant Smith Barney, the bank is aiming to hire 800 brokers by 2014 to build what it hopes will become a significant U.S. wealth management business.
How to Climb the Wall Street Corporate IT Ladder
Even as layoffs lay waste to financial services payrolls, top IT pros remain in strong demand. Here are the skills -- including Big Data and social media -- workers need to survive and thrive in a modern Wall Street IT organization.
Morgan Stanley Adjusting Some Facebook Trades
Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook stock from last Friday's botched initial public offering.
From Facebook to Quants -- The Top Quotes of the Week
It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
U.S. Tech Worker Shortage Looms, Study Warns
Tech-industry backed group says U.S. is losing the global battle for tech talent to countries that welcome skilled workers with open arms. But not everyone is convinced of a talent shortage.
Quant Looks for Human Touch
The man who brought quantitative trading to Goldman Sachs is starting a new fund with greater oversight of the process - by real people.
Wall Street Unfazed on Euro Zone Worries
U.S. stocks was little changed
on Thursday in volatile trading as ongoing concerns about
Greece's possible exit from the euro zone and tepid data on the
U.S. economy gave investors little reason to take risk.
SEC Looking at JPMorgan's Financial Reporting
The head of the U.S.
Securities and Exchange Commission told lawmakers
that her agency is probing JPMorgan Chase and Co's
financial reporting and emphasized that big banks are required
to publicly disclose changes to the models they use to measure
China Embarks on Sweeping Brokerage Sector Reforms
China's securities regulator is planning
to introduce a raft of reform measures to transform the
brokerage sector, with an aim to create globally competitive
investment banks, a regulatory document showed.
Nasdaq Struggling with Aftermath of Facebook IPO
Nasdaq OMX faces
short-term costs from its botched handling of Facebook
shares on their first day of trading but the longer term
repercussions could be more expensive as it struggles to restore
Omgeo and Blackrock Push for T+O in Taiwan
Omgeo is working with investment managers across Taiwan, including Blackrock, the world's largest money manager, to eliminate inefficiencies and trade fails through same day affirmation of trade details on T+0.