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GLG News by this Author

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

Implications of Swiss Private Banks go downmarket

September 18, 2009

Swiss Private Banks Go Down Market as Crisis Destroys Wealth | www.bloomberg.com

Swiss Private Banks attracting new clients who are less affluent than their traditional wealthy clients will mean nothing new. Even before crisis requirement for minimum investment was quite flexible. Now when flow of new money changed banks brought prior practice to public.

View from Ukraine: ING to shed €8 billion of assets

April 9, 2009

ING to shed €8 billion of assets | business.timesonline.co.uk

- ING recent decision on "back to basics" will have positive impact on its business prospects; - Close of ING Retail Banking operations is a wise step, because entering Ukrainian retail market so late (June 2008) with limited scope of products and unrealistic plans (without thinking about storm on global capital markets) was a very big mistake

Internet banks will benefit from ATM fees push

October 17, 2007

Will ATM fees push consumers to Internet banks? | www.atmmarketplace.com

It is true that ATM fees increase will lead customers for more frequent use of Internet Banks services. There are following pros for this statement: - customers are more flexible with using their time and location (24/7 concept plus transactions are available from any place on earth with access to Internet; - customers have better control of their accounts (spendings and receivables); - and at last, they save money on transaction fees and may earn more on savings accounts.   

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