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Just noticed that the Federal Deposit Insurance Corporation (FDIC) closed down their 93rd and 94th banks in the USA this weekend.  The latest two to succumb are Irwin Union Bank and Irwin Union Bank and Trust Company after the parent firm, Irwin Financial, could not meet the FDIC's requirements to increase their capital. Who will…

Just noticed that the Federal Deposit Insurance Corporation (FDIC) closed down their 93rd and 94th banks in the USA this weekend.  The latest two to succumb are Irwin Union Bank and Irwin Union Bank and Trust Company after the parent firm, Irwin Financial, could not meet the FDIC's requirements to increase their capital. Who will…

It seems strange when you've looked forward to something to be looking back already, but here we are at the end of another SIBOS jamboree. Here's a few personal highlights from SIBOS 2009:   And now, of course, we can all look forward to SIBOS 2010 in Amsterdam! * The Finanser is sponsored by VocaLink and Cisco:  For details…

It seems strange when you've looked forward to something to be looking back already, but here we are at the end of another SIBOS jamboree. Here's a few personal highlights from SIBOS 2009:   And now, of course, we can all look forward to SIBOS 2010 in Amsterdam! * The Finanser is sponsored by VocaLink and Cisco:  For details…

So, another SIBOS comes to a close and another year of financial markets ups and downs draws to an end. And what a year it has been. In Vienna 2008, SIBOS was a shock zone. In Hong Kong 2009, it has been more of a worry zone. What I mean by that is that most…

Many, many years ago I worked for a company called Wang Computers.  Wang were a really innovative firm that dominated the space of office technologies until they got their strategy wrong and went out of business … long story. Short story … when I worked there, my job was marketing imaging systems.  Basically, scanners for…

Many, many years ago I worked for a company called Wang Computers.  Wang were a really innovative firm that dominated the space of office technologies until they got their strategy wrong and went out of business … long story. Short story … when I worked there, my job was marketing imaging systems.  Basically, scanners for…

Exactly one year ago today, I landed in Vienna for SIBOS 2008.  My plane took off on Sunday 14th September from Heathrow at 14:40 and I landed at 18:30 local time (17:30 GMT, 12:30 EST).  Waiting for my luggage, I switched on the mobile and was surprised, as it was a Sunday, to find four…

The BBC posted an interesting pictorial of the bailouts to date.  Here's the summary (click to enlarge):

The BBC posted an interesting pictorial of the bailouts to date.  Here's the summary (click to enlarge):