Financial & Business Services News by GLG Council Members

Rewriting the Swiss Private Banking Model

September 20, 2009

Analysis by:GLG Expert Contributor

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

The Swiss Private Banking industry must accept the changed business landscape and look at its whole business model in the light of the changed circumstances, not simply try to attract a new client base to their old model.

Bank of Ireland's Capital Buffer Sufficient to Withstand Forecasted Bad Debts

September 19, 2009

Analysis by:GLG Expert Contributor

Analysis of:Bank Of Ireland Confident on Capital | www.nytimes.com

Bank of Ireland has provided evidence that the composition of their loans to be transferred to NAMA is much better than the averages for all the affected banks. Their capital will not be impacted more severly than originally estimated due to the NAMA discounts and they are right to be confident that the NAMA discounts can be absorbed without recourse to external capital raising. They will however...

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

More Fantasy Business, Really!

September 18, 2009

Analysis of:Fantasy Football Open Championship Awards First-Ever Million Dollar Grand Prize | www.reuters.com

Last year the first-ever million dollar prize for a Fantasy Football league was awarded, indicating that this fantasy business is becoming big business. Since 1998 our firm's FMPartnersOnLine holdings have engaged in providing sports content via Internet affiliates. Sign-ups for the 2009 fantasy football season began on Jan. 12 - and are still being started since the beginning of the NFL season.

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

Aiful Debt Moratorium Spells Trouble for Takefuji, Promise

September 18, 2009

Analysis of:Aiful To Ask For Debt Moratorium; Shares Drop 27% | www.nni.nikkei.co.jp

Shares of ailing consumer finance company Aiful Corp. (8515) fell 27% Friday following announcement of plans to seek a delay in repayment of nearly $3 billion in loans. Unsympathetic comments by Japan's Minister for Postal and Financial Services Hon. Shizuka Kamei served further rattle the market, sending many foreign investors running for the door. Market fear is likely to drive down share prices...

Implications of Swiss Private Banks go downmarket

September 18, 2009

Analysis by:GLG Expert Contributor

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

Swiss Private Banks attracting new clients who are less affluent than their traditional wealthy clients will mean nothing new. Even before crisis requirement for minimum investment was quite flexible. Now when flow of new money changed banks brought prior practice to public.

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

New Japan Financial Services Minister shows little sympathy for lenders

September 18, 2009

Analysis of:Aiful Preparing To Apply For Debt Relief Procedures | www.nni.nikkei.co.jp

With credit default swaps (CDS) for Aiful and Takefuji trading at historic highs, Japan's newly appointed Financial Services Minister shows little sympathy for lenders in proposing a 3-year moratorium on repayment of small business loans.

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

Thanks, but no thanks

September 17, 2009

Analysis of:Lending in Europe continues to shrink | www.ft.com

Banks across Europe have insisted in recent months any decline in lending is due to a falloff in demand, not supply. Supply is not useful if the line or rate does not make any sense.

Beware of Grand Master Data Schemes

September 17, 2009

Analysis by:GLG Expert Contributor

Analysis of:Choosing the Optimal Multidomain MDM Architecture | www.information-management.com

The article adequately describes various Master Data management approaches at a conceptual level.  Unfortunately, we live in the real world where disparate systems are the norm and investment dollars are tight.  From 20 years of being held accountable for implementing systems and processes which drive financial benefits, I have found that narrowing the focus to critical data elements is essential,...

Planning for energy - UK's future energy uncertainty will shape todays decisions

September 17, 2009

Analysis by:GLG Expert Contributor

Analysis of:Government plays-down energy blackout predictions | www.nce.co.uk

Concerns have been raised as to UK's ability to provide enough energy in the coming decades. That new "green" initiatives, such as wind generated electricity, replacing conventional coal and gas driven plants will neither be able meet future demand nor provide the adequate security of delivery. Regardless of whether these concerns are well founded or not, the fact that there is uncertainty is likely...

Nathaniel FinkinManaging Partner and PrincipalFinkin Capital Advisors

Higher defaults in a CRE book don't necessarily translate to more losses

September 16, 2009

Analysis of:Wells Fargo, Fifth Third Add to Predictions of Higher Defaults | www.bloomberg.com

One of the most compelling contrasts between the 2007-08 (and still ongoing) meltdown in the residential housing market, vs. the forecast bubble-burst in commercial real estate for 2009-10, is the methodology banks and lenders use to forecast losses.  This contrast will definitely lend itself to more transparency and clarity with this current lending crisis vs. the previous residential and consumer...

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