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Financial Services RSS FeedsCisco WAN Optimization Solution Tops 1,000 Customer Sites Worldwide - SAN JOSE, Calif. - June 28, 2007 - Cisco® (NASDAQ: CSCO) today announced that it has passed another milestone in the rapidly evolving wide area network (WAN) optimization market with the deployment of its 1000th customer. Since launching its Wide Area Applications Services (WAAS) solution in September 2006, Cisco has seen broad adoption of its product across multiple industries, helping customers to solve IT challenges such as branch office application performance, remote backup and ...Feed Source: newsroom.cisco.com Canadian Title Insurance Company Stakes its Ground with Unified Communications - June 5, 2007 BUSINESS CHALLENGE First Canadian Title is a pioneer in the title insurance business. With a customer base of more than 15,000 lawyers and notaries across Canada, as well as banks, lending institutions, real estate agents and mortgage brokers, First Canadian Title is a trusted provider of title insurance and real estate related services for commercial and residential properties. Customers turn to them for their expertise and for the peace of mind that comes ... Wachovia Chooses To Innovate With Cisco TelePresence - SAN JOSE, California - June 4, 2007 - Cisco® (NASDAQ: CSCO) today announced that Wachovia Corporation (NYSE: WB), the parent company of the nation's fourth-largest bank and third-largest brokerage firm, has completed its first deployment of Cisco TelePresence. The company launched the pilot to enable virtual face-to-face meetings across multiple locations as an innovative approach to address Wachovia's increasing geographic presence. "We are using Cisco TelePresence to help our ... Wachovia Benefits from Improved Inter-Office Collaboration with Cisco TelePresence - June 04, 2007 Wachovia is America's fourth largest bank, with sizeable retail, commercial and corporate investment banking operations as well as the third largest investment brokerage in the United States. The bank is currently rolling out a pilot program of Cisco TelePresence, connecting Wachovia's Charlotte, N.C., headquarters with the company's Richmond, Va., location, which also serves as headquarters for Wachovia Securities. Cisco TelePresence uses advanced visual, ... Scottrade announces implementation of new, world-class data center - St. Louis - May 8, 2007 - Scottrade, a leading online investment firm, announced today that it has completed the design, renovation and migration to a new, state-of-the-art Data Center located in suburban St. Louis. The project included a major redesign of the firm's IT infrastructure. The new Data Center was constructed in an existing building that has since been renovated to become one of the most advanced data centers in the country. The Data Center will allow Scottrade to ... Cisco Unveils New TelePresence Solutions to Connect Multiple Locations and Organizations in Real-Time Collaborative Meetings - HANNOVER, Germany (CeBIT 2007) - March 16, 2007 - Cisco® today announced a set of new technologies that extend the capabilities of the Cisco TelePresence meeting solution to enable virtual meetings in multiple locations at one time and to provide businesses with the freedom to organize meetings with customers or partners outside the corporate firewall. Cisco is also introducing a number of solutions that will create a more collaborative meeting environment, including innovative tools ... Unified Communications Brings Immediacy to Collaboration - March 5, 2007 By David Barry, News@Cisco If physicians were equipped with mobile devices on their belts that were hooked into a Unified Communications (UC) system, what might they be able to accomplish that they can't today? "They'll be able to reach other physicians and specialists immediately and eliminate the phone tag that costs hours of time and impacts patient care," says Joe Brickweg, infrastructure director for the information systems department ... Cisco Extends Business-Class Video with New Digital Signage Solution - SAN JOSE, Calif. - January 16, 2007 - Cisco® today announced Cisco Digital Signage, a solution for management, publishing and playback of digital media on networked digital signage displays that has the potential to redefine how organizations connect with their employees and customers. Cisco's entry into the quickly-growing digital signage market shows that digital signage is a dynamic and easy-to-use communication tool that can enable businesses to optimize their marketing, advertising ... GarantiBank Selects Cisco Systems for New Turkish Datacentre Backbone - ISTANBUL, Turkey, December 11, 2006 - Cisco Systems® today announced that Garanti Bank, the leading Turkish retail, commercial and corporate bank, has selected Cisco to provide a new backbone network infrastructure for its datacentre operations comprising storage area networking, data centre switching and integrated security. The new data centre infrastructure will help the bank support the data security requirements of its mainframe applications. Garanti Bank's data centre ... Bank of America Experiences Operational Efficiencies with Cisco Unified Communications System Deployed by EDS - SAN JOSE, Calif., November 20, 2006 - Cisco® today announced the shipment of its 10 millionth Cisco Unified Internet Protocol (IP) Phone which has been delivered to Bank of America, one of the world's largest financial institutions. Bank of America, working with its integration partner EDS, has deployed the phone as part of an ongoing project that is fueling business transformation and next-generation retail banking service innovations. Bank of America began piloting Cisco ... Financial Services Organizations Investing in Cisco Smart Business Communications - SAN JOSE, Calif., October 30, 2006 - Highlighting its commitment to help transform the way business is done, Cisco® today announced it is experiencing strong momentum in the financial services market with its Smart Business Communications platform. The Smart Business Communications platform streamlines the customer's business process, improving productivity, reducing total cost of ownership, and enhancing the customer experience with innovative voice, video, data and mobility solutions ... Cisco to Increase Collaboration With Vertically Focused Channel Partners - SAN JOSE, Calif., October 16, 2006 - As part of its ongoing efforts to help drive channel partner revenue growth through differentiation, Cisco Systems® today introduced the Cisco Vertical Select Program. The program is designed to help accelerate the growth of a channel partner's vertical business while providing mutual customers with access to channel partners that understand specific vertical market needs. Eligible channel partners will be provided with sales, training and marketing ... Cisco Introduces Integrated Digital Media System for Business, Government and Education - With a new set of possibilities for digital communications in mind, Cisco Systems is introducing the fully integrated Cisco Digital Media System to business customers this week, laying the foundation for future applications and video communications. "The new emerging technology of digital media systems opens up a whole new realm of possibilities for all kinds of organizations to easily connect ... Large and Small Companies Select Cisco Unified Communications to Improve Business Processes and Reduce Total Cost of Ownership - SAN FRANCISCO, California (VoiceCon Fall 2006) - August 22, 2006 - Cisco Systems®, Inc. today announced that companies of all sizes are increasingly adopting the Cisco Unified Communications system as their solution of choice to streamline their business processes and drive productivity through Internet Protocol (IP)-based communications. Companies such as C.J. Hughes Construction, Warner Pacific Insurance Services and JJ Food Service join a growing number of small to large ... Vietnam's State Bank Takes Steps to Strengthen Communications, Security, Business Resilency - HANOI, Vietnam - August 16, 2006 - The State Bank of Vietnam (SBV), the country's central bank, has selected advanced technologies from Cisco Systems® to help increase operational efficiencies in its countrywide infrastructure and provide a platform to regulate the banking system in alignment with developments in financial markets around the world. The end-to-end Cisco® network will be deployed in SBV's major hubs and branches around the country. As the central bank, SBV ... Millennium BCP, Portugal's Largest Bank, Establishes Platform for Growth with Cisco - LISBON, Portugal, August 9, 2006 -- Cisco Systems® today announced that Millennium BCP, the largest private financial group in Portugal, has selected Cisco's retail banking solution to transform its information and communication infrastructure to a converged voice and data Internet Protocol (IP) network. The network transformation project is central to Millennium BCP's strategic business plan, providing a highly secure, unified platform that supports the growth of online e-banking ... Norwich Union Targets Improved Storage Data Management and Year-on-Year Savings with a Cisco Storage Area Network - LONDON, 5 July 2006 - Norwich Union, the UK's largest insurer, is deploying a Cisco Systems storage area network (SAN) to improve storage management, increase data security and reliability and help reduce overall IT costs. The Norwich Union SAN, built using Cisco MDS 9000 Multilayer fabric switches and directors, will help the company consolidate 'islands' of storage and enable the company to deploy more than 2500 SAN ports in support of a multi-platform data centre environment. ... Cisco Helps Third-Largest French Bank, Groupe Caisse d'Epargne, Cut Wide Area Network Infrastructure Costs by 50% - PARIS, June 28, 2006 - Cisco Systems® today announced that Arpège, the information technology (IT) services division of France's third-largest bank, Groupe Caisse d'Epargne, is deploying a Cisco® Wide Area File Services solution across five technical centres in southern and eastern France as part of an overall Cisco Data Center Network Architecture. Cisco collaborated with Cisco Gold Certified Partner Telindus on the solution, which is expected to help the bank save 50 ... GMAC says made 'significant progress' in reshaping ResCap - Auto lending giant GMAC LLC on Thursday reiterated its support for mortgage unit Residential Capital LLC, saying it has made "significant progress" in reshaping ResCap to better align it with current market conditions. In a filing with the Securities and Exchange Commission, GMAC said it believes that the support it has provided to ResCap to date was in the best interests of GMAC stakeholders. "If ResCap were to need additional support, GMAC would provide that support so long as it was in the best interests of GMAC stakeholders," the filing said.
... Europe Markets: Shares in Europe fall for second straight session - Stocks in Europe dropped Thursday, with mineral extractors and banks taking the brunt of the losses as worries were reignited about the health of the global economy.
... London Markets: Shares in London weaker, key interest rate falls to record low - London shares weakened on Thursday, a day when the Bank of England cut its key interest rate by half a percentage point to its lowest level ever.
... Bank of Ireland to sharply cut U.K. mortgage book - Bank of Ireland will cut its U.K. mortgage book ?significantly? as part of a change in the focus of its business operations, the lender says.
... China bank stocks drop on concern about foreign-holder sales - Chinese banking stocks listed in Hong Kong are pressured again Thursday amid mounting concern that foreign stakeholders could further cut their holdings, mimicking moves by Bank of America and a fund controlled by Hong Kong billionaire Li Ka-shing this week.
... Li Ka Shing Foundation sells Bank of China shares - (Adds RBS confirming it is examining its stake in Bank of China, RBS syndicate's stake in the Chinese lender, and Bank of China comments.) HONG KONG (MarketWatch) -- The Li Ka Shing Foundation sold 2 billion shares in mainland lender Bank of China Ltd. (3988.HK) in a placement that raised US$511 million for the charitable foundation owned by Hong Kong's richest man, according to a term sheet seen by Dow Jones Newswires Thursday. The sale came as Royal Bank of Scotland PLC said Thursday it is examining its 4.3% stake in Bank of China Ltd.
... Mark Hulbert: The first five days of January indicator - If you?re a follower of a particular market-timing indicator, you will be paying special attention Thursday to see if the Dow Jones Industrial Average (TICKER:$INDU) can close above the 8,776 level.
... David Weidner's Writing on the Wall: What will Wall Street look like in a year? - Let me be first to congratulate myself, writes David Weidner: Almost all of my predictions for 2008 panned out.
... Obama says $800 billion 'start' of stimulus talks - President-elect Barack Obama late Wednesday said his anticipated stimulus package could exceed $800 billion, while noting that he?s undecided on whether to repeal tax cuts implemented under President Bush or simply wait for them to expire in 2010.
... Kingate funds consider joining class action against Madoff - The Kingate funds are considering joining a class-action lawsuit against Bernard Madoff after investing at least $2.7 billion with him.
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