Financial & Business Services News by GLG Council Members

This article is important because it announces and describes: a) the US Treasury's support of covered bonds, an on-balance sheet method of funding mortgage originations, as an alternative to off-balance sheet mortgage securitizations or mbs b) Four major US banks announcements of their intentions to bring covered bond issues to market in the near future and and their commitment to provide pricing...

The idea of regulation for ratings agencies can appear a seductive panacea but it is riddled with dangerous implications...

25% reduction in approvals? It's going to be a lot worse. We'll hit bottom when Wachovia and Wamu close or are bought out (again for WAMU). We've seen home equity lines come to a grinding halt. Down to virtually zero approvals. Forget demand - there is simply no supply. SunTrust, Chase, Citi, GB Home Equity, and many others are done. They've blindly made 100% LTV "no doc" heloc loans and it's caught...

1. China and India are two of the fastest growing markets and turbulence is expected. 2. Ups and downs form stock theatrics in any stockmarket.

India.......... invest for long term , and in service equities  unless you are a day trader.  Currently Indian stocks are on the high side and one can expect considerably volatility short term.  National elections are due in nine months and there will be considerable pressure to throw out the current regime due to high food prices and lack of sufficient trickle down to...

Discover's acquisition of the Diners Club global network could greatly improve Discover's merchant acceptance.  However, there are major technical and operational hurdles involved in integrating the two networks.

Where are things at and when do we know it will be changing.  What is on the horizon?

Is Japan property set to tumble?

From the data available for the year ended 31st March 2008, HDFC Bank has grown substantially when compared to banking industry as a whole both in credit, deposits and earnings. Net profit increased by 39.1%; 85% Dividend as against 70% in the previous year. CAR maintained at 13.6%. By looking at the credit growth of 22% in entire banking industry during the year HDFC Bank showed a...

Financial Information providers have entered the slowing part of the curve Credit crisis consequences do not yet seem to be over in spite of past injections from sovereign funds