GLG News in Financial & Business Services

Don't blame risk models for the financial crisis. The root cause was a failure of management. Risk management, as a discipline, did not fail -- it was never really tried.

Barclays may indeed be an international investment bank but it should be remembered that it is nothing but your average High Street bank in the UK; common, in fact. Barclays at Avenue Goerge V, Paris France did send me an e-mail on Friday 26 october 2008 stating that Barclays had bought Lehman Brothers but this not entirely true. Like many international banks Barclays will be hard hit by the...

All of the above took place in the US in the 1960's or so. People live and shop for economic utility. This utility can come in the form of convenience, price or pleasure.

Central bankers must address the impending year end liquidity crisis now rather than waiting for its arrival of December. In addition, any structural reforms through newly established vehicles contemplated by the U. S. Treasury and the Federal Reserve must be in place and operating before year end arrives.

Last days the rumors around Belgian/Dutch bank Fortis play down on Fortis future. Will the pacifying words from both the board members, central bankers and ministers help them survive?

Rumors had been swirling over the last few weeks that WAMU was shopping for a buyer, however, the OTS (the Office of Thrift Supervision) couldn't allow WAMU to continue its operations under constraints of deposit outflows exceeding $16 billion in the last week or so and JP Morgan Chase becomes the benefactor of WAMU's collapse and acquires WAMU's deposits for a low ball amount of $1.9 billion. WAMU...

1. Current crisis is the child of greedy bankers. 2. Fast loans are not criteria for high bonus.

For the Fed and other authorities to start pumping billions into the markets to provide liquidity only gives an artificial smoothing for a short while before it is required again. In essence the problem lies with regulation which is shortsighted, has tunnel vision and is inspired by the appetite for risk of those who  create risk which can be transferred to others in the interests of profits. While...

Japan Sovereign Wealth fund creation is an issue that kept japanese political class deeply divided so far.  Ironically the Defeasance scheme proposed by Paulson and Bernanke could make it happen.

The SEC managed to subdue the panic as the markets rallied last Friday.  In uncertain times, perception or the illusion of stability in the markets can be invaluable.  The key word being value.  The government's actions last week, while seemingly positive, have created a vacuum in which certain stocks can trade without the friction of short selling.  Removed from the...