Articles about Finance

Making conversation Google Glass style

Google's chief finance officer quits to go backpacking

Google's chief finance officer Patrick Pichette has quit his job to go backpacking. In a filing to the Securities and Exchange Commission yesterday, Google said Pichette, who is 52, had told the company he will retire. "The effective date of his retirement has not yet been determined," it said. "Patrick indicated that he …
Kat Hall, 11 Mar 2015
Bank vault

Mortgage data splashed all over the net. Thanks HSBC Finance

HSBC Finance in the US is notifying customers that it has inadvertently been publishing their mortgage data online since last year. HSBC is believed to have exposed customer names, account numbers, social security numbers, and telephone details, in a move which isn't being attributed to hackers, and as such is almost definitely …
spark fun electronics rotary dial mobile phone

Lame phone dodgers fleece finance's foolish and fat fingered

Scammers are attempting to fleece a hundred top US financial companies by registering phone numbers close to those in use by the firms, engineer Scott Strong says. Of some 600 top financial institutions across the US, 103 or about 20 percent had scammers register their numbers with only the last few digits altered in a bid to …
Darren Pauli, 19 Nov 2014

Apple finance overlord Oppenheimer: I love Apple, but I gotta get this pilot licence. See ya

Apple's chief bean counter Peter Oppenheimer – the man who has been a constant during Apple's dark pre-iPod days and amid the meteoric rise since – is to call it a day at the end of September. The Cupertino finance lord manages all the grey aspects of the colourful tech vendor's biz including treasury, information systems, …
Paul Kunert, 04 Mar 2014

To defend offshore finance bods looting developing countries of their tax cash

Worstall @ the Weekend I have been set a task by Reg Commentard Salamander: to critique or defend the offshore finance system. This should be easy enough as I'm clearly a pig dog running lackey of the plutocrats and so the answer is just yes. Whatever they pay me to say. Sadly, there are no plutocratic cheques flying around, just those from the …
Tim Worstall, 05 Apr 2015
The Register breaking news

BAN UK tax breaks on patented tech, fumes German finance minister

German finance minister Wolfgang Schäuble has called for a ban on so-called "patent box" tax breaks offered by Blighty, the Netherlands and other EU member states. Schäuble told reporters after a European economics meeting that the tax breaks - offered to companies on patented inventions - resulted in unfair competition for …
Prison window

IT finance bod coughs to slurping £130k from customers' accounts

IT finance provider Syscap account manager Leigh Jones has been sentenced to 24 months in jail after pleading guilty to nicking more than £100,000 from customers. Jailbird Jones, 40, found that his six-figure earnings weren't enough to fund his spiralling gambling habit. A clerk at Chester Crown Court confirmed to us that Jones …
Paul Kunert, 08 Nov 2013
hands waving dollar bills in the air

Cashing it in: Personal finance apps – the best and the rest

Review Greater individual control over personal finance is booming, with the British Bankers Association (BBA) reporting 5.7 million transactions a day are now made from smartphones. This is transformational stuff, but it’s not all about current account apps. Personal finance guru Jennifer Newton follows the money and finds the best …
Jennifer Newton, 26 Oct 2014
Empty racks awaiting customer kit at HP's Aurora data centre

TransACT beefs up data centre for Dept of Finance

The Australian Department of Finance and Deregulation has amplified its data centre requirements signing a AUD$8.6 million deal with iiNet owned TransACT for the provision of data centre services. TransACT secured the ten year agreement after being selected by the Australian Government Information Management Office (AGIMO) to be …

Serco issues shares to plug finance gap after profit warning

Serco is looking to plug the gap in its finances from weaker-than-expected results via a share placement estimated to haul in £100m worth of filthy lucre. This follows yesterday's latest profit warning and confirmation that long-standing CFO Andrew Jenner is to quit after 17 years of counting beans, once a successor is found …
Paul Kunert, 01 May 2014

Sources: Coms calls on corporate financer to flog telco biz

Embattled London-listed corporation Coms plc has tasked Knight Corporate Finance with finding a buyer for its voice division – and sources tell us that time is of the essence. The business comms outfit, which split with CEO David Breith in February after a boardroom bust-up, enlisted Paul Billingham, founder at Knight, last week …
Paul Kunert, 17 Apr 2015

Syscap waves £50 million in CASH at UK tech channel

Finance provider Syscap has set its sights on wooing back the channel by waving at least £50m in cash at partners seeking funding. The firm began life as a channel finance provider, but has since moved into other sectors, such as legal businesses. It currently funds around £30m-£35m to 700 partners - some 10 per cent share of …
Kat Hall, 18 Nov 2014

Midland tech dynasty launches The Bank of Rigby

Nigel Jenkins – a senior veteran of corporate leasing at HP, Cisco and Microsoft – wants to turn the tables on his old employers from his base camp at Rigby Capital, the sister firm of services-based reseller SCC. Jenkins, the GM who joined the business in July having worked at the big three, reviewed the existing process of …
Paul Kunert, 15 Apr 2015
The EcoBot's artificial heart. Pic: Bristol Robotics Laboratory

MEPs: Oi, Juncker! Hands off our science and research dosh

MEPs are pushing back against European Commission plans to slash science funding. Commish president Jean-Claude Juncker wanted to remove €2.7 billion from the €80bn budget of Horizon 2020, but according to science groups including the European Association for Chemical and Molecular Sciences, the League of European Research …
Jennifer Baker, 23 Apr 2015
Meme of a dog "typing" at a computer, with the large font phrase "I have no idea what I'm doing' above him.

It's official: David Brents are the weakest link in phishing attacks

Middle management are increasingly becoming the focus of phishing attacks, according to a new study. Managers received more malicious emails and doubled their click rates year-on-year, according to a study by security company ProofPoint. Senior staff seemed more clued up about dodgy emails, meaning managers and staff clicked on …
John Leyden, 22 Apr 2015
The Register breaking news

German finance agency suspends site over serious security bug

Germany's federal finance ministry has pulled its website offline after receiving notification of a serious security problem from white hat hackers affiliated to the Chaos Computer Club (CCC). Flaws on the the Federal Finance Agency website reportedly created a means to spy on customers of the government agency, steal login …
John Leyden, 14 Mar 2011
The Register breaking news

German finance ministry tags fraudsters’ phishing form

The German Ministry of Finance has applied some lateral thinking in order to warn potential victims of a new phishing campaign. Fraudulent tax refund emails doing the rounds in Germany seek to con marks into handing over sensitive information in order to claim a tax refund. The scam email uses images pulled from the genuine …
John Leyden, 11 May 2011
Microsoft's Windows 7 launch party announcement: German version

Man trousers $15,000 domain name for $10.99 amid registry cockup

Bruce Marler could hardly believe his luck. "I had to double check it, triple checked it, then added it my shopping cart with a few web domains my wife had chosen as well, did not tell her, let her go order sushi and then told her what just happened," he said. A few moments later he had registered the domain credit.club for $10 …
Kieren McCarthy, 28 Jan 2015

Arrow aims at IT, finance bods to shoot down $20m in spending

Arrow Electronics hopes to save a further $20m in overheads as it battens down the hatches for a "period of slow growth". The global distie heavyweight saw sales decline seven per cent to $5.15bn (£3.28bn) for Q2 ended 30 June as profits sank by more than 26 per cent to $114.4m (£72.8m). The company's Enterprise Computing …
Paul Kunert, 31 Jul 2012
fingers pointing at man

Shift to cloud computing puts squeeze on resellers' finance

The channel's long-term shift to cloud computing and managed services will force resellers to totally rethink historic forms of finance. Financial mechanisms including invoice discounting (ID) have long been used as an overdraft facility by some smaller and mid-market dealers to support cash flow but this avenue looks likely to …
Paul Kunert, 06 Dec 2011

NO MORE DOUBLE IRISH, thunders Dublin. Erm, from 2020 that is

The Irish Finance Minister announced the end of the "Double Irish" tax break in his budget speech on Tuesday. Tech giants such as Facebook, Google, Apple and LinkedIn have taken advantage of Ireland’s lenient tax set-up for decades. But due to external pressure from Brussels and elsewhere, the emerald isle will outlaw the …
Jennifer Baker, 14 Oct 2014
Headshot of Trojan horse

Banking trojan scourge gallops on, despite more fences

RSA 2015 Banking botnets persist as a threat despite recent high-profile takedowns which only achieve a temporary calming effect, according to a new study from Dell SecureWorks. Between mid-2014 and early 2015, coordinated efforts involving law enforcement and private-sector industry disrupted three of the most active banking botnets ( …
John Leyden, 23 Apr 2015
Bank vault

Bank of England could mint own brand of Bitcoin

The Bank of England (BoE) has issued a piece of research suggesting, among other things, that it may not be a bad idea for it and other central banks to issue digital currencies. The “One Bank Research Agenda Discussion Paper” is the BoE's attempt to kick-start new banking thinking. The paper therefore considers five themes, …
Simon Sharwood, 26 Feb 2015
The Valley - code

Ex-Goldman Sachs programmer found guilty of code theft … again

An ex-Goldman Sachs programmer has for the second time been found guilty of stealing code from the vampiric financial giant. A New York jury found Sergey Aleynikov guilty on one count of data theft. He faces as much as four years behind bars. Aleynikov was arrested in 2009 after leaving Goldman for another company with a copy …
Shaun Nichols, 02 May 2015
Monster Beats Pro

Dr Dre's crew gets Beats-down from Apple: 200 jobs to go – report

Apple is planning to axe around 200 people from its new acquisition Beats Electronics, according to reports. Both Bloomberg and 9to5 Mac had folks whispering in their ears that the fruity firm would be making the job cuts now that its $3bn slurp of the headphones and music streaming biz was well underway. The deal was recently …

Quadrillion-dollar finance house spams Reg reader with bankers' private data

Exclusive IT staff at the world's largest securities transaction clearing house are facing a rough few days after a Reg reader was inadvertently deluged with emails leaking session IDs, transfers, and account details for executives at big-name customers. The Depository Trust & Clearing Corporation (DTCC) handles the vast bulk of stock and …
Iain Thomson, 11 Dec 2013
Rand Paul

Rand Paul is trying to murder net neutrality. Is there a US presidential election, or something?

US presidential wannabe Rand Paul (R-KY) has filed a motion under the Congressional Review Act that could block the introduction of the Democrat-driven net neutrality rules. The joint resolution means both houses of Congress are highly likely to vote on a straight majority basis to reject the broadband regulations, drawn up by …
Iain Thomson, 30 Apr 2015
George Osborne

UK.gov in pre-election 'Google tax' blitz against internet firms

Britain's Chancellor of the Exchequer George Osborne has promised to tackle multinational internet outfits that divert profits to avoid big tax bills in Blighty. The so-called "Google tax" crackdown will reportedly be a highlight of the thin-lipped, Number 11 occupant's final budget before the General Election, which takes place …
Kelly Fiveash, 08 Mar 2015

Adapt Managed Services to be sold this year, whisper sources

Managed services and cloudy hosting biz Adapt is putting corporate finance houses through their paces before choosing one to manage a sale of the operation. Private equity firm Lyceum Capital coughed £30m for a majority stake in London-based Adapt in 2011 and multiple sources reckon the business will be on the market again from …
Paul Kunert, 21 Apr 2015
Crop of doctor with pen and clipboard

Capita lands spot on mega £5bn NHS commissioning deal

Outsourcing giant Capita is one of three major companies to be awarded a place on the £5bn Lead Provider Framework for Commissioning Support Services. Clinical Commissioning Groups (CCGs) will be required to re-procure many of their support services by April 2016 in order to comply with EU procurement law, which NHS England …
Kat Hall, 09 Feb 2015

NSW premier pitches 'digital licence' as election stunt

In the throes of an election campaign, the NSW Government has hit upon a way to guarantee that police can require people to unlock their phones: that's where Premier Mike Baird wants your driver's license to be. Pitched as a money-saving measure because today's printed-plastic licences cost tens of millions of dollars, the …

CSC's ServiceMesh named as source of bank exec bribe

ServiceMesh, a cloud policy company acquired by CSC in 2013, has been named as the source of a bribe allegedly paid to a former Australian bank executive. Keith Robert Hunter yesterday appeared in the New South Wales (NSW) Local Court in connection with payments he allegedly received while he worked at The Commonwealth Bank (CBA …
Simon Sharwood, 18 Mar 2015

BLAME ENGINEERS: Workstation sales soar by 8.9 per cent a year

One of the more prized wins in reseller-land is a sale of workstations, because the heavy lifting such machines perform generate lots of data. That means a chance to talk storage, networks and many other topics, making workstations a fabulous foot in the door. Plenty of folks will therefore be rather happy that market-watcher …
Simon Sharwood, 13 Feb 2015
The Register breaking news

iSoft finance boss barred

iSoft's former finance boss Ian Storey has been barred from practising as an accountant, and therefore as a finance director, for eight years after admitting charges of false accounting. Storey admitted that he gave false and misleading information to iSoft’s former auditors in relation to a supposed iSoft contract several times …
John Oates, 23 Mar 2010
Sydney harbour bridge poking out of the clouds

Australia mandates* cloud use by government agencies

Australia's Department of Finance has updated its Cloud Policy to say “... agencies now must adopt cloud”. Those italics are the Department's, and it also has some qualifications for the edict, namely that cloud should only be adopted “where it is fit for purpose, provides adequate protection of data and delivers value for money …
Simon Sharwood, 08 Oct 2014
The Register breaking news

Finance bods probe RBS over bank-crippling IT cock-up

A banking watchdog has launched an investigation into the IT meltdown that crippled bank accounts held by millions of NatWest, RBS and Ulster Bank customers in June last year. The Financial Conduct Authority (FCA) has begun a probe into the disaster, which saw the RBS group unable to process payments following a catastrophic …
Jasper Hamill, 10 Apr 2013
channel_teaser_money_top

El Reg offers you the chance to become a Master Investor – for free

Promo The Register has partnered with the Master Investor Show to give you the chance to enjoy a whole day learning how to turn your nous and cash into ... even more nous and cash. The upfront cost to you? Precisely nothing. Master Investor 2015, at London’s Business Design Centre on April 25, features a range of highly knowledgeable …
Team Register, 09 Apr 2015
Sharon White, new head of Ofcom, former Second Perm Sec at the Treasury

Ofcom's new broom Sharon White sweeps into office

Communications watchdog Ofcom confirmed this morning that it has found a replacement for outgoing chief Ed Richards. Sharon White will head up the regulator from late March, on an annual salary of £275,000, after she ends her senior role at the Treasury. White currently serves as Second Permanent Secretary of the Finance …
Kelly Fiveash, 16 Dec 2014

Finance watchdog: Big fingers + tiny mobe screen + banking = doesn't end well

Companies providing mobile banking services must consider how to overcome limitations in mobile device screen sizes in order to help consumers avoid making erroneous payments, the Financial Conduct Authority (FCA) has said. In an interim report (12-page/724KB PDF) it published as part of its ongoing review into mobile banking, …
OUT-LAW.COM, 29 Aug 2013
Shopping trolley. Pic: Mikey, Flickr

Coms: Yes, we DID appoint advisors to flog off our voice biz

Troubled London-listed Coms plc has publicly stated it is working with a business advisor to carve off part of its operation, following an El Chan report that it called upon Knight Corporate Finance (KCF) to sell its voice division. As revealed by us on Friday, Paul Billingham, founder and joint partner at KCF, was told to get …
Paul Kunert, 20 Apr 2015
South Korean flag. Pic: Republic of Korea

South Korean police book 29 Uber staff for 'illegal taxi' ops

South Korean police have booked more than two dozen of Uber's Seoul-based employees and associates on suspicion of operating illegal taxi services. Twenty-nine people, among them the head of Uber Korea, and also including the heads of six car rental firms, were "booked" on suspicion of connecting passengers to nearby cabbies …
Dunce

Chief Scientist slams handcuffing research funds to uni reforms

There are faint hints that the Australia's federal government might reconsider the policy that ties future research funds to its attempt to deregulate university fees. At the same time, the Chief Scientist Ian Chubb has gone on the record to call the policy a serious problem for research. The faint scent of a change in policy …

Oz energy company AGL promises to decarbonise by 2050

Australian energy generator AGL has published a new Greenhouse Gas Policy (PDF) in which outlines “a pathway to decarbonisation of its electricity generation by 2050.” The policy means the generator will do the following: Continue to provide the market with safe, reliable, affordable and sustainable energy options Not build, …
Simon Sharwood, 17 Apr 2015

Bonking with Apple is no fun 'cos it's too hard to pay, say punters

Apple Pay users find bonking unsatisfying, and once they've tried it many don’t want to do it again, according to a new study. The overall trends appear promising for the fruity firm's foray into personal finance, with 66 per cent of iPhone 6 users having signed up for the service since it launched less than six months ago, and …
Simon Rockman, 08 Apr 2015
india

Indian government flings ONE HUNDRED BILLION rupees at startups

India's new and tech-savvy government has created a one hundred billion rupee startup fund. Even once converted into US dollars that's still $1.6 billion. And India doesn't see that as the end of the matter: as the budget speech (PDF) by finance minister Arun Jaitley makes plain, the new fund is intended to “act as a catalyst to …
Simon Sharwood, 11 Jul 2014
management cio1

Avnet TS names vet Zammit as global el presidente

Patrick Zammit, the latest exec to grab global control of Avnet Technology Solutions (ATS), will be close at hand from his Brussels base to mastermind a sustained growth plan in EMEA, something that continues to elude the firm. A former senior auditor at Arthur Anderson - like many beanies now working in the channel - Zammit …
Paul Kunert, 06 Jan 2015
hands waving dollar bills in the air

Hewlett Foundation lays out MEELLIONS on security

The Hewlett Foundation has found US$45m in its other jacket, and has anointed three lucky US universities to spend on security research. MIT, Stanford and UC Berkeley will share the simoleons, in a program MIT says is designed to generate a “robust marketplace of ideas”, whatever that is. On a more pragmatic basis, the …
The Register breaking news

Sales, meet Finance

Workshop Sales and finance are the two parts of business closest to the commercial coal face. One’s about generating money and the other’s about channelling and reporting funds. Both are occupied directly with customers: who they are, what they need, what they have bought, whether they have paid. From the buyer’s perspective, the …
Nathan Coates, 25 Mar 2011
Wii U

Nintend-OH NO! Sorry, Mario – your profits are in another castle

Nintendo is reeling after it posted a $96m loss on the quarter to June 30. The Mario maker said that the quarter, its first of the fiscal year, brought total sales of 74.69bn Yen ($726m), down 8.4 per cent over last year's quarter, and a net income loss of 9.92bn Yen ($96m) compared to a 8.62bn profit last year. That eyebrow- …
Shaun Nichols, 30 Jul 2014

CommBank throws AU$5 MEELLION at UNSW quantum computer lab

Australia's Commonwealth Bank has decided to make a AU$5 million donation to the University of New South Wales' Centre for Quantum Computation and Communication Technology. The money is intended to help two projects, namely an effort to “demonstrate entanglement in a scalable silicon based quantum computing architecture and then …
Simon Sharwood, 01 Dec 2014