Where Did the Bailout Money Go?
CNBC's Jim Cramer, host of Mad Money, discusses what happened to the bailout money on MSNBC and says that Hanl Paulson, Treasury Secretary, maybe didn't even have a plan in place when he handed checks to all of the major banks. Cramer is astonished that there isn't an investigation into what has happened to all of the money. And, surprise, Cramer is outraged.
Duthu Leads Wealth Management At Whitney
Mark Duthu, formerly of Wachovia Trust, has joined Whitney National Bank to oversee the expansion of Whitney's Trust, Brokerage and Investment Management resources.
Low Latency Spending Moves Full Speed Ahead
Trading firms still need to focus on reducing data latency to keep up with the competition. With spending cuts and reduced IT spending forecasts, CIOs will still find the funds to invest in technology that speeds up the trading process.
Tax and investment accounting solution for superannuation funds unveiled.
Is Mary Schapiro the Right Choice for SEC Chair?
CNBC's Steve Liesman and Charlie Gasparino debated Barack Obama's choice of FINRA CEO Mary Schapiro as chairman of the Securities and Exchange Commission in a Call of the Wild segment yesterday. "She's a terrible choice," said Gasparino. "She's a career bureaucrat. We need change...He should pick someone who is not a part of the bureaucracy." Liesman thought Schapiro might be able to draft better regulations. You can view the video
Risk Management Is Wall Street's Top Priority for 2009
Poor risk management is at the heart of the current financial crisis. Firms will have to implement new risk management practices and governance to shore up their performance, satisfy regulators and win back investors' trust.
Collateral Automation to Be A Trend in 2009
Market turmoil placed a spotlight on counterparty risk, and collateral management is critical to mitigating counterparty credit exposure. Solutions that help value and manage collateral on a near-real-time basis will be one of the few areas of IT investment in 2009.
5 Tips to Cut Data Center Energy Use
Most data centers waste enormous amounts of electricity using inefficient cooling designs and systems. Gartner gives some tips which could save millions of kilowatt hours annually.