banks
Analysts' Average Facebook Target: $37.71
online.wsj.com
Analysts at Facebook's underwriting banks chimed in with ratings Wednesday—and the reviews weren't as bullish as some had expected. The stock fell more than 1% in late-morning trade....
Shareholders sue Facebook, Zuck, Morgan Stanley and banks over IPO marketing process
thenextweb.com
In case you’re also following the kerfuffle in the aftermath of Facebook’s big IPO, here’s the latest update from Reuters: In a lawsuit filed in the U.S. District Court in Manhattan, Facebook shareholders are suing the company, co-founder and CEO Mark Zuckerberg and several banks, including lead underwriter Morgan Stanley....
New "Man in the Browser" Attack Bypasses Banks' Two-Factor Authentication Systems [Hacking]
gizmodo.com
The banking industry often employs two-step security measures—similar to Google Authenticator—as an added layer of protection against password theft and fraud. Unfortunately, those systems have just been rendered moot by a highly-advanced hack. More »...
Facebook wants to be your online bank
tech.fortune.cnn.com
The social media giant is quietly supporting new services for banks that want to engage socially with their customers: The decidedly unsocial business of online banking. [cnnmoney-byline src="By Lauren Barack"] FORTUNE -- Someday soon, Facebook users may pay their utility bills, balance their checkbooks, and transfer money at the same...
Facebook Slides Again
online.wsj.com
Shares of Facebook continued to slide in premarket trading amid a Reuters report that an analyst for one of its banks had trimmed his outlook for the social-network company's revenue just ahead of the deal....
Facebook and banks face lawsuit
www.bbc.co.uk
Facebook, its founder Mark Zuckerberg, and the banks leading its flotation are sued over claims that financial information was not disclosed....
Recent formations say the Moon's not (tectonically) dead yet!
arstechnica.com
Earth's Moon appears seismically quiet: its major volcanic and tectonic activity is confined to its distant past, as evidenced by the lack of new large-scale features on the surface. However, recent images from the Lunar Reconnaissance Orbiter (LRO) have revealed smaller features that had escaped earlier notice. Several regions...
Rogers and CIBC make joint deal for NFC mobile payments in Canada, let you check out with your BlackBerry
www.engadget.com
Canadians sometimes can't catch a break: while NFC payments have been relatively common for Americans, Europeans and certainly the Japanese, Canucks have had to largely make do paying with ye olde credit carde. Rogers and national bank CIBC want to put an end to these antediluvian ways: starting later...
Rogers and CIBC make joint deal for NFC mobile payments in Canada, let you check out with your BlackBerry
Facebook Stock May Tank This Week As Banks Run For The Hills (FB)
www.businessinsider.com
NEW YORK (Reuters) - Newly issued shares in Facebook Inc <FB.O> may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going...
Social Marketing Startup BlogFrog Raises $3.2M
techcrunch.com
BlogFrog, a self-described “social activation platform,” has raised $1.2 million in a Series A round of funding. The company was first known as a community for “mommy bloggers”, allowing them to add social features to their sites. In the last year or so, however, BlogFrog has shifted direction, using its...
Nokia launches nail polish to match the pink Lumia 900
www.theverge.com
Nokia is promoting its flagship Lumia with nail polish to match the new pink 900 model. The "Nokia Lumia Pink" polish, designed by Duality Cosmetics, looks to be even more limited than the AT&T-exclusive pink phone itself: it's only available at one-day pop-up salons in Dallas, Denver, and Los...
Hackers crack Google Wallet security on rooted Galaxy Nexus [video]
www.bgr.com
The security experts at zVelo have discovered a vulnerability in Google Wallet that allows them to “easily reveal” users’ PINs. If a Google Nexus is rooted, Google Wallet’s PIN verification system can be cracked using a brute force attack. zVelo said on Wednesday that it immediately reported its findings...
Blackberry maker warns of loss
www.bbc.co.uk
The company behind the Blackberry smartphone warns it will make a loss in its latest quarter and make "significant" job cuts, as it hires banks to review its business....
Former IT salesman: 'In part I blame the American mindset that took hold' | Joris Luyendijk
www.guardian.co.uk
Joris talks to an expert in banking systems about the competitive spirit – and the time when he thought he was doing good• This monologue is part of a series in which people across the financial sector speak about their working lives"We need to talk about the huge risks banks...
Hacker claims breach of 79 banks, releases customer data
news.cnet.com
A week after announcing retirement, Reckz0r releases customer data ostensibly culled from bank computers. [Read more]...
Morgan Stanley now loaning shares of Facebook to short sellers
thenextweb.com
Morgan Stanley is now lending shares of Facebook to short sellers, CNBC has recently reported. Morgan Stanley was the offering’s lead underwriter. On the day of Facebook’s IPO, its underwriting banks had to purchase the stock at several intervals to keep it from declining past its launch price. Short selling...
Mobile banking could be must-have option for consumers
www.zdnet.com
Over twice as many consumers at the nation’s largest banks are using mobile banking more than are those at credit unions, according to a new report....
Skype's First Employee Raises $1.3 Million For TransferWise, A Startup That Moves Money Internationally Without Crazy Bank Fees
www.businessinsider.com
When Taveet Hinrikus moved from Estonia to London, he was still paid in kroons and had to transfer the money to his new bank account in the UK. The bank fees weren't pretty -- a 2% transaction fee was charged on top of a 3% bank commission fee. Hinrikus felt...
Skype's First Employee Raises $1.3 Million For TransferWise, A Startup That Moves Money Internationally Without Crazy Bank Fees
How The JOBS Act will hurt the startup industry
thenextweb.com
Today, Obama is set to sign into law the Jumpstart Our Business Startups (JOBS) Act. In this post I’m going to argue that the passing of the JOBS Act is really bad for the health of the startup industry. Specifically, the JOBS Act is likely to lead to a startup speculative...
Zuckerberg loses $2bn as share price falls
www.guardian.co.uk
Facebook shares fell by nearly $5 on Monday from their Friday closing price of $38.23Mark Zuckerberg's fortune dwindled by nearly $2bn (£1.3bn) to $18.7bn within minutes on Monday as trading began again in Facebook shares – which promptly plunged by nearly $5, or more than 10%, from their Friday closing...
IBM's Computer Sensation 'Watson' Just Scored A Wall Street Gig
www.businessinsider.com
IBM's supercomputer "Watson," who made an appearance as a contestant on Jeopardy last year beating the quiz show's two most successful champions, just got a job on Wall Street From Bloomberg: Citigroup Inc. (C), the third-largest U.S. lender, is Watson’s first financial services client, IBM said yesterday. It will...
Urban Airship launches its guide to ‘Good Push’ and plots move to London
thenextweb.com
At the Open Mobile Summit yesterday, Scott Kveton, CEO and co-founder of Urban Airship explained to the audience how to give ‘Good Push’. The firm is known for enabling developers to use push notifications and in app payments and Kveton was spreading the word about this function as well as...
Simple Is Now Available To The Public, Cofounder Alex Payne Moves On
techcrunch.com
There is nothing more broken than the payments/banking system, which makes me and everybody else root for payments (and more!) startup Simple (formerly BankSimple). We all hate our banks and, especially if you are in SF, we constantly hope that the future will be better. And, again if you’re like...
RIM's Stock Hits Single Digits
allthingsd.com
Research In Motion’s yearlong slide into the abyss quickened Monday as its stock price fell below $10 for the first time in nearly a decade. Dragged down by RIM’s announcement on May 29 that it’s gearing up to report a quarterly loss and has hired a pair of banks to...
Visa debuts mobile services suite for financial services
www.zdnet.com
Visa introduces a new mobile services platform for financial services designed to streamline processes for both banks and their customers....
Facebook Sued Over IPO Non-Disclosure Of Q2 Revenue Weakness
marketingland.com
The news keeps getting worse for Facebook. First, the IPO didn’t do as well as expected, though it made lots of people at Facebook very wealthy. Then came news that Facebook’s underwriters (banks) had to intervene on Friday to keep the stock from falling below the $38 offering price... Please...
How NatWest's IT meltdown developed
www.guardian.co.uk
Guardian's investigations suggest bank's problems began on Tuesday night when it updated key piece of software called CA-7NatWest has admitted that it could not say exactly how much money should be in individual accounts as the crisis caused by a failed software update last week spiralled out of control for...
Haitian mobile banking system falters amid mistrust and infrastructure woes
www.theverge.com
Despite the promise that technology can hold for poor communities or those struck by disaster, it's far from a panacea. This certainly seems the case with the Haiti Mobile Money Initiative, a mobile banking system backed by USAID and the Bill & Melinda Gates Foundation. Designed as an alternative...
Grading the Apple analysts
tech.fortune.cnn.com
A visualization of how well (or badly) the pros and amateurs predict Apple’s earnings Green = Amateurs, Yellow = Pros Source: Dediu, PED We’ve been trying for several years to find the best way to show how much better the so-called amateur analysts (some of whom have since gone pro)...
DealBook: Regulators Ask if All Facebook Investors Were Treated Equally
dealbook.nytimes.com
Lawmakers are questioning a process in which the banks involved in Facebook's I.P.O. shared a negative outlook about the company only with select clients....
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