The £1.4bn losses caused by a rogue trader at Swiss bank UBS could have been avoided had a computer used to detect unauthorised trading been more effective, according to the Financial Services Authority (FSA). The FSA has fined UBS ...
Tags: FSA, rogue trader, fined, unauthorised trading
Taipei, Nov. 20, 2012 (CENS)--SinoPac Financial Holding Co., a private financial holding company in Taiwan, recently opened a bank branch in Kinmen, an offshore island of Taiwan, and a leasing branch in Xiamen, Fujian Province, China. ...
Tags: Sinopac Fhc, cross strait operation, finance, Taiwan
PICO Holdings has sold its two insurance company subsidiaries,Ohio-based Physicians Insurance Company and Citation Insurance Company to White Mountains Solutions Holding Company(White Mountains Solutions). The transaction resulted in ...
Tags: PICO, Two Insurance Subsidiaries
RSA Group,a UK based commercial insurer,has appointed Martin Scicluna as its new chairman,effective from 01 January 2013. Scicluna,who holds considerable financial services experience,will succeed RSA's out going chairman,John Napier,who ...
Tags: RSA Group, New Chairman, commercial insurer
Coface has appointed Laurent Mignon as Chairman of the Board of Directors of the company following the end of Franois David's mandate. The new presidency change is a part of firm's continuity of the strategic orientations while the Board ...
Tags: Coface, New Chairman
Computer Weekly has announced the third UKtech50, our annual definitive list of the real movers and shakers in UK IT - the CIOs, industry executives, public servants and business leaders driving the role of technology in the UK economy. ...
Tags: UK IT, UKtech50, ARM, GCHQ, Government Digital Service, Salesforce.com
The number of global IT services deals with a cloud computing element have tripled since 2010,according to research from IT outsourcing consultancy Information Services Group(ISG). ISG used its TPI index to analyse IT outsourcing deals ...
Tags: IT, Cloud Computing, ISG, IT services, Outsourcing
Hewlett-Packard is taking an $8.8 billion charge as a result of what it called serious accounting improprieties that occurred at U.K. software company Autonomy before it acquired the firm in 2011. Taking the charge into account, HP ...
Tags: HP, software, enterprise search engine, PC
BOULDER, Colo.--(BUSINESS WIRE)-- As building owners and managers seek ways to make their facilities more energy efficient, thereby lowering the costs of heating and cooling, the use of smart glass - which has properties that can be varied ...
Tags: industry trends, glass, demand
IDG News Service - Shifting ANZ Banking Group from an Australian and New Zealand centric bank to a super-regional Asia Pacific financial services entity while implementing new technology is Anne Weatherston's top priority for the next five ...
The Boards of Directors of Pantaloon Retail India Limited(PRIL)and Future Ventures India Ltd,(FVIL)approved a proposal to consolidate their fashion businesses into a new to be listed entity(Future Fashion),which would emerge as one of ...
Shop Direct Group, the UK's leading online and home shopping retailer with brands including Very.co.uk, Littlewoods and isme, announces its full-year results for the 12-month period to 30th June 2012. Financial Performance – all ...
Tags: online, shopping retailer, full-year results, Financial Performance
Financial services is tipping over into an embrace of big data, according to a survey. More than half of the respondents to a big data in financial services survey, conducted among delegates registered for a conference in Canary Wharf next ...
Tags: Financial services, big data, risk and operational management
Computerworld-A federal judge in Ohio today rejected claims by Ohio Green Party co-chairman Bob Fitrakis that software that was recently installed on vote tabulation machines in more than two-dozen counties in the state,posed a threat to ...
Computerworld-An electronic voting machine was temporarily taken out of service in Perry County,Pa.,after a voter filmed it changing his vote for President Obama into one for Gov.Mitt Romney. The voter,using the ...