GLG News in Financial & Business Services

Have you heard of the saying "stick to your knitting"? Well the concept cannot be more fitting than reading the concept that mobile phones would replace credit cards. I can see a transfer of funds from one account to another. However replacing credit cards for payment of goods will not come to fruition for the following reasons: a) Interoperability; I can take my Credit card anywhere in...

This article focuses on one of many startups in the consumer protective services space, as evidence of an "evergreen" market category. Current challenging economic times make investment in this ID Fraud sector a natural, and desperate times could actually bring about increased criminal activity leading to higher revenues. Key companies include Affinion, CardCops, Debix, Experian, Equifax, Fair Isaac,...

Finally HP is  doing the move to strenghten its service business. Hardware margins have fallen and services + software margins are high IT outsourcing is a huge business and provides the finantial stability in the long run.  Margins are good as well.  So HP is getting away from mainly "hardware revenue"

Did you ever wonder if you should put a large down payment on your commercial property purchase or as little as possible? If the investment in real estate is to be preferred over another investment vehicle, that real estate must produce value to you in greater amounts than the other potential investments Are you the type of person that likes to keep every nickel leveraged and are you willing to devote...

Lehman is finished as an independent investment bank. Its business model is broken, and the leadership has no medium or long-term game plan. Next in line is Morgan Stanley. Like BSC both of these banks suffer from a common problem, weak senior management, arrogance, lack of risk management and over leveraging the balance sheet.

HP is a long time solid provider of computer hardware, and EDS (founded the information technology out-sourcing industry more than 45 years ago) is a longtime provider of system services. The Plan of Merger, dated as of May 13, 2008, by and among EDS, Hewlett-Packard Company and Hawk Merger Corporation, under which EDS would be acquired by Hewlett-Packard Company appears to merge two very...

Purchasers with a permanent need for large amounts of life insurance coverage to fund estate liquidity or business succession requirements are turning more and more to the Secondary No Lapse Guaranteed Universal Life product. The traditional guarantees of Whole Life are provided by this product at an annual cost savings of 25-40% depending on age and health of the insured. This product does not pay...

Mobile PtoP payments are a disruptive technology that must be monitored by financial industry investors, because it requires no hardware infrastructure change, and can be adopted by consumers today to send payments between individuals. All leading payments brands, banks, and processors could be affected by growth in mobile PtoP payments, and Javelin's research data shows that this is a technology...

The main focus to date has been on writedowns and capital raisings in the "aftermath" of the credit crisis. Before we reach the end of the credit crisis road, legal authorities will have to investigate, bring charges, settle or try cases against many of the top names (institutions and persons) for securities fraud, wire fraud, mail fraud, obstruction of justice and other violations of federal...

2008 has witnessed a watershed in UK commercial finance lending, especially asset based finance.  The lack of liquidity has put pressure on bank owned and privately owned asset based financiers to meet demand from its clients for additional or even sometimes, existing debt facilities. There are signs of real evidence from the major accountancy firms of a sharp increase in corporate stress, and...