December 2006

UPDATED 12/31/06: This research was recently featured at CFO.com The Harvard Business Review cites unusual – but "rigorous" – research demonstrating that the lunar cycle affects stock market returns. Professors at the University of Michigan Ann Arbor and  SUNY Buffalo studied US stock indices over 100 years and international markets in 25 countries over 30 […]

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For the avid readers out there here are a few round ups of the best business books released in 2006: Tom Peter's Notable Books 2006 Fast Company: Best Business Books of 2006 Slideshow Strategy+Business Best Business Books 2006 (free registration) Business Week's Best Business Books of 2006 Amazon's Best Business Books of 2006 As always, […]

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The Year in Payments

by Erin McCune on December 31, 2006

in Payments News

Over at Payments News they've published a wrap-up of the most notable payment news and events in 2006. Check it out. Highlights A transformation of the cards business as MasterCard went public, VISA announced its intention to do so, and Morgan Stanley plans to spin off Discover Card. First Data Corp spun off its remittance […]

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Glenbrook’s Carol Coye Benson had been initially skeptical about Intuit’s recent announcement to acquire Digital Insight – as she says “after all, banks have had a long and somewhat rocky road with Intuit over the years and some seem to still have very mixed feelings about their basic value proposition.” But Carol has recently become […]

CFO.com has consolidated its XBRL coverage in a special report The SEC has poured $54 million into a new interactive reporting tool to replace the retiring Edgar. Now the Big Four say it is time to scrap quarterly reports in favor of real-time (read: daily) financial reporting. If the phrase "XBRL" put you to sleep […]

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"We never say never, but I don't think, like some, that it's a strategic imperative to have to do something else," Lewis said, referring to European acquisitions. "It's not that some day that if something comes to us, that we don't see at the moment, that we won't look at it." Read more at American […]

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In response to nearly four years of complaints from public companies, the SEC voted 5-0 on Wednesday to ease Sarbanes-Oxley requirements to make compliance easier and cheaper. Christopher Cox, SEC Chairman commented [as quoted in the NYTimes]: “If America’s markets aren’t competitive, investors lose,” and “If America’s markets are not transparent and open, investors lose.” […]

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Consumer Reports, the venerated protector of consumers interest, urges online shoppers to use virtual wallet services from PayPal, Google Checkout, or Bill Me Later in order to reduce the risk of credit card fraud and identity theft. The article (in the January 2007 issue and online) acknowledges that the services are very convenient, but far […]

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The NYTimes DealBook blog describes the stunned, puzzled reaction on Wall Street to Craigslist. The SF based internet company – with its devoted following of apartment seekers, job hunters, online daters, garage-emptiers, and bargain sleuths -  is interested in serving its customers, not making money. Period. A completely foreign concept to the bankers. Read all […]

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The SEC is expected to pass a ruling on Wednesday that will allow companies to direct shareholders to the online version of their annual report and mail printed copies only upon request. The rules change obviously reduces the cost of printing and mailing the reports. 80% of shareholders prefer a printed version, presumably because it […]

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Courtesy of Bank Technology News American Express has signed an agreement to acquire Atlanta-based Harbor Payments, a privately held provider of electronic invoice presentment and payment (EIPP) systems. American Express says the Harbor hosted technology will become the basis of its new suite of “source-to-settle” electronic purchasing systems, named S2S. It will begin marketing the […]

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At NetBanker2.0 Jim Bruene recently posted a handy glossary of mobile banking and payments terminology. You may want to brush up as mobile banking heats up… 

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Business Week's December 18th issue features their second annual "Best and Worst" recap. The HP boardroom scandal is highlighted as the Worst Boardroom Rivalry, and attributes the debacle to the contentious relationship between Thomas J Perkins and Patricia C Dunn: Excerpted from Business Week: Clearly, Patricia C. Dunn and Thomas J. Perkins were never going […]

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BofA + Barclay’s?

by Erin McCune on December 8, 2006

in Banking

    Today the NYTime's Dealbook blog reports that BofA is likely to bid for Barclay's in order to further its international expansion strategy. The source is a Merrill Lynch analyst report released today, excerpted as follows: Barclays would give BAC the following: 1) a large international presence in fixed-income-oriented inv. banking including corporate and […]

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Not necessarily. In a recent speech Mark Garvin of JPMorgan, acknowledges the threat of non-bank entrants to the payments industry: Having talked to regulators, correspondents, market infrastructures and, most importantly, our clients, about how they see the future of payments in 10 years, the consensus is that everyone is expecting a much more streamlined, accessible […]

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