credit crunch news from FierceFinanceIT
NewsGood times for smaller firms
The credit crunch has been nothing but bad news for the top investment banks. But some smaller shops, while certainly affected, are pointing to a silver lining. Lots of talent has been freed up for... Read more...
The real reason to replace your core
Core systems are not easy to change. They're expensive and fraught with uncertainty, and frankly it doesn't happen as much as it used to. Bank Systems & Technology notes the heyday of core change... Read more...
Companies embrace SWIFT after credit crisis
We've noted often that hedge funds have been trending toward multiple prime brokerages for years, even before the credit crunch. But we can now say the same for companies, who seem to be trending... Read more...
What to make of the Amex-EDS deal?
When it comes to outsourcing, IBM is still king of the hill. It ended 2008 with a market share of 7.3 percent. HP came in second with 4.8 percent of the market. But is HP building some momentum? It... Read more...
Demand strong for new "aggressive" algorithms
On Wall Street, few question the value of trading algorithms. This is in stark contrast to the hand-wringing about this approach to trading elsewhere. Many have recently lamented the herd aspect of... Read more...
Core banking systems: The beasts
A core system upgrade is one of those issues that is never far from the minds of bank IT executives. You have to keep up with the times, especially if you're stuck on an aging system, mainframe or... Read more...
Stars aligning for Cisco Capital at expense of banks?
Big banks' losses are Cisco Capital's gain, so it increasingly seems. That the credit crunch has sucked up big-bank-provided liquidity is no secret. Lots of companies have found bank credit scarce... Read more...
In praise of peer-to-peer lending
Will bigger banks ever latch onto this trend? A whole new source of liquidity has been set loose by the Internet. Companies with dot.com-ish names likes Loanio, Propser, Lending Club are facilitating... Read more...
What are your single points of failure?
We tend to think about single points of failure in terms of hardware. Wall Street has certainly been trained on the issue of redundancy and catastrophe planning, but the recent credit crisis has made... Read more...
Will NYSE Euronext emerge a big winner?
The NYSE Euronext, fairly or not, has been tagged as an industry "dinosaur" for as long as I can remember. This is despite the fact that it has been an active adopter of new technologies. As the... Read more...
| Press ReleasesBankrate: Mortgage Rates Rebound SlightlyNEW YORK, Aug. 19 /PRNewswire/ -- Mortgage rates posted the first increase in five weeks, with the average conforming 30-year fixed mortgage rate now 4.63 percent, according to Bankrate.com's weekly Read more >> Research and Markets: UK Mortgages 2010: UK Mortgage Market in 2009 and Future OutlookDUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/98a4a2/uk_mortgages_2010) has announced the addition of the "UK Mortgages 2010: UK Mortgage Market in 2009 Read more >> Research and Markets: UK Mortgages 2010 - Mortgage Innovation: with the Worst of the Credit Crunch behind Them, UK LendersDUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/64a765/uk_mortgages_2010) has announced the addition of the "UK Mortgages 2010: Mortgage Innovation" report Read more >> PROFNET EXPERT ALERTS: Retail Investors / Small-Biz Credit / IRS Audits1. Building: Does My Home Need a New Roof? 2. Energy: Foreign Investors Targeting U.S. Shale Reserves 3. Finance: Capital Is Readily Available despite Small-Business Credit Crunch 4. Finance: U.S. Read more >> Consumers Able to Negotiate Lower Interest Rates With Credit Card Companies as Card Lending Rebounds67 percent of DebtGoal users successfully negotiate lower rates, with an average rate reduction of more than 9 percentSAN FRANCISCO, July 19 /PRNewswire/ -- DebtGoal™, the leader in online personal Read more >> |
