From a branding perspective, it'll be hard for Facebook to portray itself as a platform for purposes beyond socializing, says Michael Gayed, Chief Investment Strategist of Pension Partners.» Read More
MEXICO CITY/ NEW YORK, Oct 14- Citigroup Inc said on Tuesday it had uncovered a $15 million fraud at its troubled Mexican unit Banamex related to a security services company the bank operated. Citi said the company was also found to have been offering its services to third parties. Current board members include Banamex President Manuel Medina-Mora as well as top...
Using an environment of record low rates, City National is among a handful of banks aggressively trying to convert techies into clients.
LONDON, Oct 14- Banks are fighting an uphill battle to protect themselves and their client accounts from cyber attacks, and the sometimes careless use of social media by customers and staff isn't making the fight any easier. Personal details from sites such as Facebook, Twitter and LinkedIn are also being used by fraudsters to scam customers, including to help in...
Climbing Google search requires a new strategy. Updated algorithms punish once prominent sites, lifting pages deemed content rich.
NEW YORK, Oct 7- Bond insurer MBIA was told two weeks ago about a server breach that compromised the data of thousands of local U.S. government entities, but it did not address the problem until earlier this week, according to the cyber security expert who discovered the intrusion. MBIA said on Tuesday it had been notified that some client information at its...
CEO of LinkedIn
Social network site, LinkedIn, has found a way to do business in China. The New York Times reports.
BOSTON, Oct 3- Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase& Co in a massive cyberattack uncovered over the summer, and more may soon join, Reuters learned on Friday. Special Assistant Attorney General William Brauch, director of the Iowa Department of Justice's Consumer Protection Division, told Reuters that...
BOSTON, Oct 3- Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase& Co in a massive cyberattack uncovered over the summer and more may soon join, Reuters learned on Friday. Special Assistant Attorney General William Brauch, director of the Iowa Department of Justice's Consumer Protection Division, told Reuters that...
BOSTON, Oct 3- The 83 million customer records that hackers stole from JPMorgan Chase& Co could fuel years of fraud, as criminals use the information to "phish" for customer passwords and ferret out other accounts that consumers may have, cybercrime researchers said on Friday. Their first step will likely be to use the information to send emails to customers...
Sept 24- Amazon.com Inc's head of digital music and video is departing the e-commerce company by the end of the year, a company spokeswoman said on Wednesday. It was not immediately clear whether Bill Carr, who is a vice president, is leaving Amazon to take another job.
Scott Kupor, COO at Andreessen Horowitz, says that enterprise tech is at the cusp of a "revolution."
Getting your work done during contracted hours can be tricky, but a forward thinking company in Holland believes it has the answer.
NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.
NEW YORK, Sept 19- Merrill Lynch summarily fired two veteran brokers from its elite Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.
With 1,600 ETFs on the market, more are pushing the limits of investing (and common) sense. We put some oddball ETFs to the test.
*Need for skilled talent puts London at odds with national policy. LONDON, Sept 17- When Efe Cakarel picked London as a new base for his video streaming company, he was counting on its location, capital markets and infrastructure, but also on the city's reputation as a hub for talented people from Europe and beyond.
Sept 15- The London- based international law firm Freshfields Bruckhaus Deringer has hired a veteran M&A lawyer from New York- based Shearman& Sterling, according to two people familiar with the matter.
Art Cashin of UBS says investors are repositioning themselves ahead of Alibaba's IPO Friday.
Sept 11- The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.