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A bit of ATM fun …

The BBC ran a report about ATM scams the other day.  In this case, it's the scam called "scandalous bank fees if you use an ATM overseas".  They do love those stories about how banks ripoff customers don't they? The gist of the report is that you are charged withdrawal fees, currency conversion fees and…

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A bit of ATM fun …

The BBC ran a report about ATM scams the other day.  In this case, it's the scam called "scandalous bank fees if you use an ATM overseas".  They do love those stories about how banks ripoff customers don't they? The gist of the report is that you are charged withdrawal fees, currency conversion fees and…

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Telco O2 launch financial services

In a pretty important announcement today, O2 has opened a card-based financial service for their UK mobile subscribers. These are mobile Visa debit cards, powered by NatWest banking. O2 is one of the UK's largest mobile carriers, with over 23 million subscribers, and the service will be available from August 2009.  The O2 Visa cards…

Report shows that IT guys steal

Finanser sponsor Cisco released a report yesterday that has grabbed a ton of headlines: IT guys steal Yep, all you techie, geeky, propeller heads out there are thieving criminalistic mafiosa types. Or so Cisco say anyway. How do they come to this conclusion? Because laid-off workers from banks’ IT departments during the credit crunch are…

Cisco

Report shows that IT guys steal

Finanser sponsor Cisco released a report yesterday that has grabbed a ton of headlines: IT guys steal Yep, all you techie, geeky, propeller heads out there are thieving criminalistic mafiosa types. Or so Cisco say anyway. How do they come to this conclusion? Because laid-off workers from banks’ IT departments during the credit crunch are…

Cisco

LSE to dump TradElect thanks to Microsoft?

According to several media reports two weeks ago, the new head of the London Stock Exchange intends to dump TradElect, their flagship system introduced two years ago for a cool £40 million investment. Ever since the system crashed last September and the LSE's share price tanked, we've all been wondering what would happen, especially as…

Reliabletimes

LSE to dump TradElect thanks to Microsoft?

According to several media reports two weeks ago, the new head of the London Stock Exchange intends to dump TradElect, their flagship system introduced two years ago for a cool £40 million investment. Ever since the system crashed last September and the LSE's share price tanked, we've all been wondering what would happen, especially as…

Reliabletimes

LSE to dump TradElect thanks to Microsoft?

According to several media reports two weeks ago, the new head of the London Stock Exchange intends to dump TradElect, their flagship system introduced two years ago for a cool £40 million investment. Ever since the system crashed last September and the LSE's share price tanked, we've all been wondering what would happen, especially as…

Reliabletimes

Twitter is not for teens, Morgan Stanley

It surprises me to read that a teen intern's paper on social media has created a massive flurry of interest in Morgan Stanley and their clients' middle-aged management teams. "The Financial Times reported today that the US investment bank's European media analysts asked Matthew Robson, a (15-year old) intern from a London school, to write…

Cisco

Goldman Sachs admit ‘market manipulation’

Unbelievable developments this week, ever since the story broke that Goldman Sachs were suing a developer for stealing their algo programs, and potentially using them for illegal matters and purposes. The story actually goes back to when Goldmans announced last week that they were fed up with rock mag, Rolling Stone, over a piece claiming…

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