GLG News by Banking Consultants

Barclays is engaged in exclusive talks with ABN AMRO that could yield the largest ever financial institutions M & A deal. A combination would make the combined firm a bigger global player both geographically and by product line coverage. The burr under ABN AMRO's saddle to sell out is shareholder...

While Wal-Mart officially withdrew its ILC application on March 16, this article describes a real estate leasing practice with in-store bank tenants that was put in place during as early as 2002 and modified in 2006. The terms of these in-store bank branch leases were modified to give Wal-Mart the option...

  Micro finance Institutions find it difficult to raise finance for innovative approach for providing finance in rural areas in view of long presence of Nationalized Banks.Hence forming an NBFC is a better route.  

Recent scam in IPOs and certain irregualrites observed by RBI in functioning of NBFCs resulted in RBI expressing concern in stipulating certain norms.

BBVA (Banco Bilbao Vizcaya Argentaria SA, NYS:BBV), the second largest Spanish bank, moved to bulk up its U.S. operations with a $9.6 billion deal to buy Compass Bancshares Inc(NMS:CBSS). This deal is BBVA's largest purchase in the Americas. Other international banks have been buying up US banks on...

This article claims that an innovation explosion will occur in 2007 producing "a banner year for technology installations that help innovative banks leverage new technologies to better serve customers, increase employee productivity and enhance profitability." This list of Top 10 includes: Webolution,...

Responding to rising mortgage delinquencies and foreclosures, S & P announced that it will now alert bond investors before foreclosures occur. This new alert trigger is an attempt to provide an earlier warning of losses on mortgage-backed bonds that consist of the highest yielding but riskiest mortgages....

CheckFree Corp., an eCommerce, payments, and investment services processor, said on Wednesday that it will buy Corillian Corp. for $245 million. This is CheckFree's second acquisition in six weeks (for Carreker Corp.). Corillian adds an online banking software platform to its banking industry solution...

The new Congress appears ready to shine a brighter light on mortgage lending practices that some characterize as "predatory lending." In spite of rapidly rising home values over the past five years, the presence of historically low interest rates has allowed homeownership rates to expand to record...

HSBC disclosed that it has set aside $1.76 Billion in capital to cover anticipated losses, 20% higher than previous estimates. The bank's recent, aggressive expansion into subprime lending in the US has created a rising tide of bad loans to borrowers with the highest risk of default. Behind this strategy...