Stories about: Citicorp

Given Citigroup's stated plans, a massive headcount reduction announced is sure to include a fair share of IT jobs.

I was invited to an urgent, one-on-one meeting with the CIO of a very large IT organization. No hint of the subject matter. Upon arrival, I saw that he was very disturbed about something, but he simply handed me a copy of an e-mail he had recently received from the chairman of the board:

Online phishing schemes increased significantly in October as financial institutions struggled to combat attempts to steal private account information from online consumers, according to the Anti-Phishing Working Group (APWG).

Nasdaq Stock Market CIO Gregor Bailar is leaving to head up Capital One Financial Corp.'s IT department, where a business executive vice president and a technology executive had been sharing the CIO role for the past year and a half.

Telecommunications service provider Winstar Communications Inc. has filed for bankruptcy and has sued Lucent Technologies Inc. for US$10 billion in damages, accusing the company of breaking a vendor financing agreement.

Once a sleepy pensioners' paradise, this city today is choked with traffic. Much of the greenery that gave Bangalore the nickname "Garden City" has been hacked away to make room for office towers, and people on the street cover their mouths and noses against the pollution. Telephones, water and electricity remain unreliable, and the roads and airports are decrepit, by Western standards.

Digital television infrastructure provider Data Commerce Limited (DCL) has issued an initial public offering to raise $10 million to back a host of global broadcast projects.

Former Citicorp executive Michael Fenton was named North Carolina's chief technology officer Sept. 15, following a three-month review period.

Banks have been quick to capitalise on the the cost-cutting benefits of the Internet. Consumers, according to a recent Australian study, are not so enthusiastic. Just what do local bank customers have against the online financial services revolution?

Several years after the Web first captured the imagination of the business press, big-time executives are now rushing headlong into cyberspace.

Technology stocks may be experiencing turbulence, but Latin America-oriented Internet startups keep luring investors.