Money in the Bank

Money market rates are going up with liquidity problems in the credit market.

The Fed along with Canadian and European Central Banks are flooding financial markets with money trying to drive down interest rates and provide liquidity. The European intervention was their largest ever, $130 billion.

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Read more from this blogger: Central banks scrambling

A court case provides an inside view on Austrian banking.

Court gawkers have been witnessing a wild match of words between Floettl and former Bawag CEO Helmut Elsner who has been stripped of most of his assets by the court. Elsner was certainly the most despotic CEO Austria's banking industry has ever seen. He is infamous for his quick loss of temper and a tendency to mistreat subordinates.

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Read more from this blogger: Floettl's Fall From Grace

A post on Australian banking and Microsoft's banking solutions.

In the morning I meet with some of the top lenders in Australia to talk about industry standards. My presentation covered the varying issues with standards bodies and how leadership from the banks them selves can really jump start the process. This event was a lot like the insurance event but focused on lending within the banking industry.

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Read more from this blogger: Sydney Wrap-up

Lots of Washington Mutual shareholders may be in for a bumpy ride as the secondary market for mortgages sorts itself out.

July was not a good month (really the last two week) for any of my investment accounts, nor were the first couple days of August which are reflected in my IRA value as 8/3/07. The value of my IRA accounts dropped nearly 7%. I saw large decreases especially in my mortgage industry related investments, AHM (American Home Mortgage) and WM(Washington Mutual).

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Read more from this blogger: IRA Update July 2007

In a report from DefCon in Las Vegas, a good write up on online bank security ... or lack thereof.

Brendan O’Connor spends his time studying the underlying security of the banking industry, specifically, the online banking and bill payment services. One error in security in that field, and customer’s information is completely exposed, which combined with e-statements, tax forms, and electronic copies of the checks that current online banking services keep could have a rather dire impact on customer’s finances. Discoveries from the talk? All those images the banks display to you to prevent phishing are sourced from a single database with the primary key into that database displayed in the ALT field.

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Read more from this blogger: DefCon weekend

A great write-up on the Amazon FPS widget, and some thoughts on its implications for the online banking industry.

In my initial post about FPS, I said that I thought FPS would change the online banking industry. After spending the weekend with it, I’m even more convinced of that! There are some issues and short-comings that are causing frustrations for people.

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Read more from this blogger: The Amazon FPS API - not your simple widget