Tag: FINANCE

Early this morning, Anonymous released a collection of internal e-mails sent between employees at Bank of America, in an attempt to expose what the group calls widespread "corruption and fraud." The e-mails, allegedly obtained from a former bank employee, document discussions among workers at Balboa Insurance, a Bank of America subsidiary that offers mortgage and car insurance to banks and home ...

It's no secret that Goldman Sachs wants to cozy up with Facebook, but it looks like both parties will have to put wedding plans on hold, as the bank has suffered a major blow to its carefully laid investment plans. After investing $450 million in the social network earlier this month, Goldman reportedly turned its attention to raising an additional $1.5 billion from its top clients through an ...

A Swiss former banker has provided WikiLeaks founder Julian Assange with confidential information on hundreds of offshore bank accounts. The whistleblower, Rudolf Elmer, used to work in the Cayman Islands, where he headed the office of Julius Baer, a Swiss bank. He was fired in 2002, but is apparently intent on exposing the abuses of the offshore banking industry to the rest of the world. At a ...

Due to Facebook's astronomical ascent over the last several years, demands for the site to open its fiercely protected financial records have intensified. According to CNET, those calls may soon be heeded. Goldman Sachs, which just dropped $500 million in the Facebook coffers, has apparently been privately offering sweet Facebook stock deals to its "deep-pocketed clients." If more than 500 ...

Most of us rely on our cell phones to stay in touch with our friends, check our e-mail or play Angry Birds. But, in less economically developed parts of the world, mobile technology hasn't just created a new avenue for instant communication, but an entirely new banking sector, as well. Mobile banking first took off in 2001, when phone operators Globe and Smart both began offering mobile payment ...

Wanna know where the stock market is headed? According to new research from Indiana University, Twitter may hold the answer. Indiana's Johan Bollen and his team of researchers recently investigated whether Twitter could be used as an accurate stock market weather vane, based on the presumption that the microblogging platform could give some insight into the mood of the country. To test their ...

It used to be that tracking your money with a computer meant manually entering transactions and account balances, just as you would with the ledger at the back of your checkbook. Eventually, financial software matured enough to allow you to import your statements from some banks, as long as they were available to download in a specific format. Today, Mint automates the whole process for you, ...

The still-nascent field of smartphone payment systems may be getting a lot more crowded, since AT&T and Verizon Wireless have become strange bedfellows in testing a new system that allows store customers to pay for products with their smartphones. According to sources close to the deal, the test system would be similar to those already implemented in the U.K., Turkey and Japan, where ...

Well, it looks like Wall Street's finally cleaning up its game. Don't misunderstand; investment bankers will still find new and unctuous ways to make money in a thin economy. But, from now on, employees at one gilded corporation will be forced to use slightly less colorful language when sending celebratory e-mails about their year-end bonuses. According to the Wall Street Journal, bigwigs at ...

Reddit needs help. And it's asking its readers to provide it. In a recent, doleful blog post, programmer Mike Schiraldi implored the Reddit community to donate resources to the site in an effort to ease the workload of the four engineers who work around the clock "just to keep things going." Even as its traffic has ballooned to about 280 million page views per month, the site continues to function ...

If you blame your credit card for making it all too easy to unconsciously rack up piles of debt, just imagine the kinds of splurge purchases you'd make if you could pay with your face. FaceCash, the new mobile payment system from ThinkLink, is an app that allows users to store credit card and bank account information directly on their smartphones, enabling them to purchase groceries, clothes or ...

In theory, it's a noble public initiative to provide every high school student with the latest, high-tech laptops. What's not so noble, though, is to make every kid pay for it themselves. As of September 2011, every student attending Beverly High School in Massachusetts will be required to have their own MacBook as part of a district-wide campaign to modernize classroom technology. According ...

Share How's this for a reality show pitch? Take a bunch of Senators, representatives and Supreme Court justices, put them in a swanky, upscale apartment for six months -- and surround them with high-tech gadgets as their only means of survival. Want to order a pizza, Senator Byrd? You'll have to whip out your iPhone. In need of some new reading material, Justice Scalia? There's this thing called ...

Few people know the finer points of antitrust law better than those over at Microsoft. So when one of the monolith's bigwigs accuses another company of unfair business practices, you'd take it pretty seriously, right? Then again, can you ever really trust an antitruster? Speaking at a search engine conference on Tuesday, Microsoft CEO Steve Ballmer decried what he sees as clearly unfair ...

Finder's keepers is a refrain echoed on playgrounds, but a Dutch woman might soon use it as her defense in the courtroom. According to DutchNews, a man from Wageningen, The Netherlands made a costly error while trying to transfer funds from his bank account to his son's. With one wrong keystroke, the man sent about $63,500 to a woman's account in Almelo. While most sane folks would simply return ...