Financial & Business Services News by GLG Council Members

Implications: 1.Many Consumer Loan applications will or may be referred back to another : Subject to further Identification. 2.Japanese Consumer lenders are Struggling to meet profit expectations. 3.Citigroup's Consumer Finance divisions expects to dispose of billions of global assets as they relate to the Sub-Prime-Mortgage Market Collapse. There DOES not appear to be a Bright future in the Japanese...

The Commerzbank - Dresdner Bank merger is compelling for all stakeholders. Without the successful completion of this deal, Commerzbank will itself likely become a takenover target. It cannot be in the long-term interest of the Federal Republic of Germany for its financial economy to be wholly managed by London and to a lesser extent by Wall Street. Deutsche Bank is already effectively a US investment...

The current environment affords lenders an opportunity to attain good margins on new business contracted.  Therefore, it would be a bad decision to pass business simply because the applicant has a number of recent inquiries in his credit bureau report.  More discrimination is required to make a sound, informed decision.

Implications: 1. Commerzbank may issue New Stock To Finance all Transactions, thereby causing a further dilution of earnings per share. 2.A Great deal on unclearity surrounding the strategy of mananegement. 3.The salient issue is a percentage sale of large proportions in the stake in a viable entity to Finance a possible Takeover with a certain amount of uncertainity. 4.There appears to be a discrepancy...

The long term implications of the current crisis are a frightening vision.  The impact across many housing related industries won't be truly felt for 3-5 years when a large number of people will not be able to secure any type of home financing.  In turn, we will likely see a new 'Sub Prime' market develop.

The global slowdown and rising inflation will limit banks from escaping the credit meltdown anytime soon.  Deleveraging will continue for years and revenue lost from discontinued businesses has yet to be identified.

People will continue to seek mortgages.  Although the industry is not people friendly now, there will still be people seeking the dream of home ownership.  The credit, DTI and down payment requirements have always been out of reach for most home buyers.  That is why government programs were always popular, and will continue to be popular again.   ...

  The Sovereign Wealth Funds are long-term investors. We may find out as time passes who really is the greater fool. An investment in the best-of-best alternative investment firms may be more genius than foolishness. Blackstone is a premier player in alternative investments. With the S&P 500 index at 1280 it is lower now than it was in March of 1999, almost ten years ago. While the market...

Borrowers are being punished twice for seeking a loan during the current credit crunch...three times if you are someone who believes lenders and not borrowers are mainly responsible for the crunch in the first place.

Implications: 1.High Risk And High-Yield credit ratings have risen by 9 basis points - an all time high. 2.Bank losses are restricting lending, the Financial Market Place of Companies , as well as, consumers.The End Result is the tightening of al lending Standards - Inevitable! 3.Credit Swaps have risen 1.25 basis points and "More to Come"! 4.Sub-prime debts have become "Toxic"!- The Market is falling...