Established in 2005, Scott Logic is a leading edge, UK based financial software and outsourcing consultancy. Operating from their development centres based in Newcastle upon Tyne and Edinburgh, Scott Logic delivers optimum results by designing and implementing world class software solutions for Investment Banks, Hedge Funds and Global Asset Managers.
'We did a good job of managing risks, but we did a less good job of managing our reputation'.
Here's the latest on the 'movers and shakers' front.
The Times reports that 31-year-old Jonathan Bunn appeared at Southwark Crown Court last week and admitted that he had falsifying documents after sustaining an unauthorised trading loss of $3.9m shorting HSBC shares.
Reuters reports that US lawmakers are incensed that over 2 weeks after that dramatic 1,000 swing in the Dow in a matter of minutes on 6th May, regulators and exchange professionals are still 'grappling with half a dozen theories and have not ruled anythnig out'.
The London Evening Standard reports that UK majority-owned Royal Bank of Scotland looks set to defy 'calls for restraint on pay by awarding massive salary rises to investment bankers'.
Although President Obama wasted no time crowing over the fact that the Senate passed its financial reform bill Thursday, several Wall Street executives feel that all is still to play for, as the House and the Senate bills are merged and go through conference.
Reuters reports that, as the US Senate has now approved a bill to overhaul the financial system, big banks are likely to emerge as the biggest losers.
Global markets are heading south on concerns about Eurozone debt levels and the sustainability of the worldwide economic recovery.
In what we are all hoping isn't the shape of things to come, MF Global has just announced an unexpected loss for the quarter ended 31st March (its fifth-straight quarterly loss) of $96.5m.
Barclays has hired 11 people for Japanese equity sales and trading since July and plans to add about four more by the end of the year amid a resurgence in the world’s second-largest stock market.
Overhauling the broken culture of high street banking will take a generation to achieve, according to a report that found UK banks have received 20m customer complaints since the financial crisis.
Here is a list of habits for you to avoid and adopt to help you achieve success.