GLG News in Financial & Business Services

Are US financial firms becoming more client oriented then before? Is their another technology push coming in?

Implications: 1. Eventual Objective of the Bank - A complete take-over of Postbank. The Strategy is incremental in nature and a strong, meaningful management posture in the Financial Marketplace. 2."At Risk" is the shareholder/investor as the unknown consequences reveal themselves over a period of time. 3.A primary objective of the Bank may be the ability to raise new capital from the marketplace...

Underlying causes of the financial meltdown are discussed, with hints at the possible solution for the Fed/government.

JP Morgan Chase and First Data decided to split up after having a joint venture for payments processing. JP Morgan Chase probably is convinced that the execution on their own will offer more opportunities (i.e. driving cost down).

Time and attendance is still not as mission critical to many firms as it should be.  Employers especially those with fewer than 500 employees still have trouble pulling the trigger on rolling out advanced time and attendance solutions. Is that about to change?

Japanese foreign securities Investment flow expansion supported Yen decline and kept Japanese currency well below its historic trade weighted average. Japan herself, this is fact, has long been the core  'carry-trader' of its own currency.  Foreign exchange markets mega bubble burst will lead to substancial money flows reversal with far...

Whilst SEPA in their future landscape is already an unpredictable outcome, the real biggest fear for banks are the big retailers and other owners of a massive client base. Why? Read more!

Effective immediately after the Fannie/Freddie take over, the DITECH origination service of Cerberus' GMAC Financial Services launched a television campaign to offer 5.5% interest rate mortgage loans.

1. A new subsection requires an employee leasing company to pay wages and collect and report taxes from its own accounts for all covered employees   2. Employee leasing companies must annually certify and execute and file a surety bond or deposit the equivalent of 50 percent of the average annual amount of unemployment tax assessed within the previous calendar year   3....

The GSEs succeeded in supporting the creation of a broad, deep, liquid national market for mortgages.  They used their market power to impose standardization on mortgage terms and underwriting.  Thus was born the "conforming mortgage." Mortgage insurance is an artifact of this history.  It is an inefficient and (at the individual whole loan level) unnecessary credit enhancement. ...