Twitter In Legal Spat Over Data ClampdownNovember 29, 2012Twitter is going to court over its recent decision to raise revenue by constricting access to its data stream to third party businesses and developers.
Wall Street Climbs on Optimism Over Fiscal DealNovember 29, 2012Indications that the government could reach a budget deal ahead of the upcoming "fiscal cliff" propelled stocks and investor confidence on Wall Street upward on Wednesday.
Goldman Sachs Boosts Rating on RIM, Shares SurgeNovember 29, 2012Goldman Sachs upped its rating of RIM ahead of the launch next month of the new Blackberry 10 mobile devices that the company hopes will compete with Apple and Android products.
Wells Fargo Launches Mobile RDC NationwideNovember 28, 2012After a soft launch in select states over the summer, Wells Fargo announced today that it is launching its Wells Fargo Mobile Deposit service nationwide.
France's Rating Downgrade a Warning for BanksNovember 20, 2012French banks were reminded of
risks to their own growth and credit ratings when Moody's
stripped France of its triple-A badge because of an uncertain
fiscal and economic outlook.
Credit Suisse Shuffles Top Execs as Merges UnitsNovember 20, 2012Credit Suisse said on
Tuesday its private banking arm would swallow its smaller asset
management unit to cut costs and announced a management shake-up
that raises the profile of those jockeying to succeed its
beleaguered chief executive.
JPMorgan Names Retail Finance Executive Lake as New CFONovember 19, 2012JPMorgan Chase & Co named
little-known executive Marianne Lake as its chief financial
officer on Monday, making her one of the most powerful women on
Wall Street and the top ambassador to investors for the largest
Obama Presses Case on 'Fiscal Cliff' With Dimon, BuffettNovember 18, 2012President Barack Obama's
intensive lobbying to avert big year-end tax hikes and spending
cuts resumed over the weekend as he spoke with senior corporate
chieftains, including JPMorgan Chase's Jamie Dimon and legendary
investor Warren Buffett.
Unresolved Issues Swirl Around Securing Mobile PaymentsNovember 16, 2012While many mobile payments startups are using both traditional and nontraditional authentication methods, regulatory uncertainty still exists around liability for fraud attacks on customers using mobile payments.
Banks Seen Shrinking for Good as Layoffs Near 160,000November 15, 2012Major banks have announced some
160,000 job cuts since early last year and with more layoffs to
come as the industry restructures, many will leave the shrinking
sector for good as redundancies outpace new hires by roughly