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FSA Fines Nomura $2.9 Million For Inadequate Derivatives Controls

Trading
Nov 24, 2009
Nomura International has been fined $2.9 million by the FSA for systems and controls failings around book marking within its International Equity Derivatives business.

Novarica: More Insurance Software M&A in 2010

Insurance
Nov 24, 2009
Renewed M&A activity in the insurance software space in the latter half of 2009 presages a plethora of deals in the coming year, according to a new report by the New York-based research and advisory firm.

This Holiday Shopping Season Will See More Debit, Less Credit

banking
Nov 23, 2009
Accenture Holiday Shopping Survey notes that thrifty Americans are opting to use cash/debit in their spending and that banks would do well to be mindful of these changing payment preferences.
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Trade Bank of Iraq Enters FX Community via Thomson Reuters Dealing

TBI is the first bank in Iraq to connect to the international FX community using Thomson Reuters Dealing trading service.

South Africa's PIC Live on Charles River Investment Management System

PIC has become one of the largest fixed income and money market investment managers in Africa, with approximately $100 billion in assets under management.

FDIC Insurance Fund for Bank Deposits Turns Red

An increase in U.S. bank failures put the federal fund that guarantees consumer deposits in the red in the third quarter, a report released Tuesday said.

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