Financial & Business Services News by GLG Council Members

Finishing schools are grooming students for better life

September 27, 2009

Analysis by:GLG Expert Contributor

Analysis of:Grooming an Achiever | ManjitKaurAcademician

When sons of Dasrath were sent to Maharishi Vasistha, that was part of existing tradition of Gurukul ,the conceptual finishing school of ancient times,where evenprinces become commoners.Somehow this concept died gradually and moreorganised grooming schools appeared on the scene

Harnath SithamrajuConsultantHarnath Sithamraju

Cash Cow sends a signal

September 27, 2009

Analysis of:State Bank of India open to acquisitions in UK | www.reuters.com

1. That State Bank of India is on the prowl is evidence enough that global crisis had minimal affect on Indian Banking system.2. Indian economy is on the threshold of a upward curve.

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

JPMorgan, the man who encouraged lending

September 26, 2009

Analysis of:How to Stop a Credit Card Payment Increase | www.mainstreet.com

During the last major financial meltdown or depression, JPMorgan, the man who encouraged lending by laying down the gauntlet to his peers, single handedly stimulated the economy. He knew that the severe times dictated new and severe lending techniques. I believe there is going to be an even LARGER backlash to Chase and American Express and other credit card lending institutions, that continue inthe...

Swiss banks are facing major challenges

September 26, 2009

Analysis by:GLG Expert Contributor

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

The issue of the Swiss banks is not limited to the effect of the crisis and the consecutive destruction of wealth.Their challenges are:- increased sophistication of many banks around the world who are closer to customers and can provide similar services;- the stigma attached to Swiss banks after the various "tax scandals" in the US, Germany.....- they are loosing the Ultra High Networth customers...

Where was my Risk Management at the time of the crime?

September 26, 2009

Analysis by:GLG Expert Contributor

Analysis of:Rethinking Risk Management after the Crisis | www.khaleejtimes.com

Numerous articles have been published on the risk management lessons learned from the current credit crunch. The common thread is that the mistakes this time are more or less the same as prior to any other crisis; disregard for rare events, to much concentration and what seems more apparent now: lack of understanding of the new and complex breed of financial derivative instruments and markets. The...

Chase Test Likely Targeting Rate Surfers and At-Risk Customers

September 25, 2009

Analysis by:GLG Expert Contributor

Analysis of:Credit Card Issuers Getting In Their Licks Ahead Of Reform | www.huffingtonpost.com

Chase’s new policy is most likely targeting rate surfers who will pay off at the end of their promotional period and at-risk cardholders who are using the lower rates for balance transfers from higher-rate issuers. The Chase test is likely looking to see the impact on concurrent runoff of existing higher-rate balances (which doesn’t apply to the surfers) and on whether the policy is acceleratingdelinquency...

Test Likely Targeting Rate Surfers and At-Risk Customers

September 25, 2009

Analysis by:GLG Expert Contributor

Analysis of:How to Stop a Credit Card Payment Increase | www.mainstreet.com

Chase’s new policy is most likely targeting rate surfers who will pay off at the end of their promotional period and at-risk cardholders who are using the lower rates for balance transfers from higher-rate issuers. The Chase test is likely looking to see the impact on concurrent runoff of existing higher-rate balances (which doesn’t apply to the surfers) and on whether the policy is acceleratingdelinquency...

Rewash the governance

September 25, 2009

Analysis by:GLG Expert Contributor

Analysis of:What is the rememdy to the prevailing global economy? | www.oecdobserver.org

All nations in the world, have to necessarily rewash the system of governance. Much of corruption, anti-economical trend, inflation, etc. are the affecting factors. This has to be cleansed. This can be done only through spiritual understanding and logical well being.

Daniel LintzPresident & Chief Executive OfficerSafe Harbour Japan K.K.

New Financial Services Minister Puts Hatoyama Gov't in the Hot Seat

September 25, 2009

Analysis of:Kamei To Seek Banking Assn Chief's Support For Borrower Relief | www.nni.nikkei.co.jp

Next week's meeting between Japan's Minister of Financial Affairs and the Chairman of the Japanese Bankers Association provides the first stress-test for the survivability of Japan's newly elected DPJ led coalition government.

Joseph ChathamPresidentChatham Mortgage Partners Inc.

Round II: Coming to a neighborhood near you

September 25, 2009

Analysis of:"Option" mortgages to explode, officials warn | www.linkedin.com

While a very general description of the Pay Option ARM disaster that is looming, the Reuters article is dead-on in two conclusions: many more homes will be hitting the market over the course of the next two and one-half years and that the mortgage plague that started with the subprime crisis will be moving from the lower income strata to the middle and higher income areas.

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