(Editor’s note: Hurricane Sandy devastated the East Coast and the Northeast of the U.S., among other regions, three years ago. According to current tallies, 233 people in eight countries died as a result of the hurricane’s destructive path, which caused $75 billion in damage. For Wall Street firms, the hurricane was a test of their… Read More >>
CitiStorage Warehouse and Contents to be Demolished
A fire at a CitiStorage warehouse used for securing important papers, including those from financial services firms, is now under control by the New York City Fire Department (FDNY). However, the building has been declared a total loss and it and its contents will be demolished, according to a spokesperson for Recall Holdings, parent company… Read More >>
Back-Office Records Up in Flames?
A seven-alarm fire still smoldering in a waterfront storage warehouse in Brooklyn may have more bad news for its customers, particularly those financial services firms that used the services of CitiStorage to keep records safe from harm. The company and public safety officials have yet to determine the cause of a paper-based fire that started… Read More >>
Exchanges Buck the Weather Forecasts and Stay Open
Securities exchanges either based in New York City or with major subsidiaries there stayed opened during a snowstorm that was forecast to have dire consequences but proved to be more harmful to Long Island and the Boston metropolitan area. As Winter Storm Juno’s center moved 50 miles eastward so did the potential harm when it… Read More >>
Digital Magazine Winter-Spring 2013 ~ FTF’s Top Five Predictions for 2013
Winter/Spring 2013 This was FTF News’ very first completely digital magazine. For this edition, we made some major predictions for 2013. We correctly forecast a revival in reconciliation systems. On other fronts, we chronicled a new push for enterprise-wide control of operations data, surveillance strategies for social media interactions and the operational demands of cleared… Read More >>
Green Clouds on the Horizon?
Financial services firms are prepared to spend money on cloud computing for disaster recovery/business continuity (DR/BC), email and mobile computing as many of them foresee clouds in their futures. But they are reluctant to move key middle and back office functions to the cloud as concerns over security have spiked in the year since FTF… Read More >>
