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Preparing for an army of bot-infected computers
Banks are warily eyeing an army of infected computers that could be directed to seek illicit funds from customer accounts. A wave of rogue emails--some purporting to be from UPS and Fedex, others
What to make of the mobile payments revolution
Way back in August, when news broke that the big telecommunications companies were about to mount a near-field communications (NFC) test in Atlanta--yet another--it was rather ho-hum news. Just two
Zoe Cruz hedge funds debut
It has been known for a while that Zoe Cruz, "Cruz Missile," who was among the better known scapegoats of the financial crisis, was aiming to start her own hedge fund firm. Recall she was famously sacked by her mentor at Morgan Stanley (NYSE: MS ) as the financial crisis heated up.
There's
High-frequency trading hitting a plateau?
High-frequency trading was a huge issue last year, sparking a lot of regulatory and market angst. The growth curve was very steep, mimicking the steep hike in the VIX, making some think that HFT was
HFT shops to rise?
We noted recently over on FierceFinanceIT that a few high-tech incubators of high-frequency trading start-ups were aiming to launch more funds soon. The whole field might get a boost if new regulations ever restrict banks from proprietary trading in a meaningful way. The result would be th
Big challenge looms for Bair
The imminent collapse of Guaranty Bank, which will be the largest failure this year, is shaping up as a huge regulatory nightmare. Given its far flung operations and big balance sheet woes, a buyer is not likely to emerge.
Fortune says the clean up will be costly for the FDIC and it will n
Frank Quattrone re-conquers Silicon Valley
Since the government gave up its prosecution of Frank Quattrone, he has slowly worked his way back up the food chain in Silicon Valley. Now, as the New York Times makes clear, he's once again on top. The credit crunch has left the top investment banks in poor position to assert themselves in t
Hedge funds start-ups cropping back up
Even before the credit crisis set in, many noted that hedge fund start-ups were few and far between. The idea that all you needed was a computer and some capital was always something of a myth, akin to the garage start-up in Palo Alto. (The concept is great for marketing and PR, however.) Are thin
Phantom write-ups on distressed assets
There's been a lot of talk recently about the "good news" that JPMorgan and other top banks will be able to write-up the value of distressed mortgages. The value of these write-ups across the industry could top $55 billion, according to some reports.
But The Motley Fool has cast some d
How do most hedge funds die?
Reading the papers, it's tempting to conclude that hedge funds are high-risk endeavors that are prone to spectacular flameouts. But AllAboutAlpha.com notes some recent research that suggests media-worthy blow ups are not the most common way hedge funds go out of business. Jung-Min Kim (no rela
