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April 7, 2008
Writedowns At Global Banks Has Topped $292 Billion; Leading To Record Job Losses
Analysis of: Lehman Sees Banks, Others Writing Down $400 billion | www.reuters.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
Writedowns at global banks has surpassed $291 billion and the "writedown" meter continues to tick and could reach $460 billion or as high as $1.2 trillion by year-end 2008. U.S. financial institutions will account for about 40% of losses. Credit losses has prompted leveraged institutions to raise new...
April 4, 2008
Is American Living Going To Survive At JC Penneys
Analysis of: J.C. Penney Guts First-Quarter Earnings Forecast | community.investopedia.com
Author: GLG Expert Contributor
What and why would the consumer recognize the eagle label? How does American Living price points incorporate into their concept? Who would be their competitors with this new line of clothing?
April 4, 2008
National City Corporation Courted By Suitors KeyCorp & Fifth Third BanCorp
Analysis of: National City in Talks With Fifth Third-Sources | www.reuters.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
National City Corporation (NCC) share price was up 6% on 4.3.08 on news that crosstown rival KeyCorp and cross-state Fifth Third BanCorp may be courting NCC for a possible merger and/or acquisition, however, this could be a bad time to sell due to current market conditions. NCC may need to do some additional...
April 4, 2008
UBS's Chairman Steps Down Amid $19 Billion Writedown; Announces $14.8 Billion Rights Issue
Analysis of: UBS In Capital Hike After Huge Loss, Chairman Goes | www.reuters.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
At UBS's Annual Shareholders Meeting the topics of discussion included UBS's $19 billion writedown, its $14.8 billion rights issue to raise capital and the replacement of Chairman Ospel by UBS's current Legal Counsel, Peter Kurer. UBS's huge bet on subprime investments has led to the largest bank writedown...
April 2, 2008
A View From the Front Lines of Automotive Retailing! It's Worse Than You Think!- Automotive Sector- Consumer Goods
Analysis of: Dismal Year Is Forecast For Car Sales | www.nytimes.com
Author: GLG Expert Contributor
Based upon new car sales trends being documented among most west coast retailers across all brands of domestic automakers,  things are worse than even the most pessimistic predictions. Most of the Metro are domestic car dealers are off over 20% from their same quarter last year...
April 2, 2008
Panera Bread Says Wake Up And Smell The Eggs
Analysis of: Americans Are Losing Sleep Over A Good Breakfast | money.aol.com
Author: GLG Expert Contributor
The American consumer is always looking for a great breakfast offering especially something different. Can a company be successful offering "fresh" breakfast sandwich offerings and still maintain a speed of service? How will this impact major competitors like McDonalds and other QSR concepts that rule...
April 1, 2008
Sovereign Wealth Funds Up 18% In 2007 to $3.3 Trillion
Analysis of: Sovereign funds to reach $10 tln by 2015 | www.reuters.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
Sovereign Wealth Funds (SWF) grew by 18% in 2007, with a global share of 36% and early projections suggest SWFs could grow to $5 trillion by 2010. In 2007, SWFs invested $49 billion in M&A deals, which is an increase of 165%. Russia, Asia and the Middle East has played a key role in bailing out...
March 31, 2008
Retail Banks Must Upgrade Outdated Core Banking Systems To Grow
Analysis of: Top Tier Bonanza In Store For Core Banking Vendors | www.finextra.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
"Innovate or die" is a common phrase tossed around IT Departments as they determine how to allocate their budget dollars towards data security, regulatory compliance, customer centric projects and front-office applications. Core banking systems are running 24/7 to support internet banking, global operations...
March 31, 2008
Banks Charged Over $36 Billion In ATM & Overdraft Fees In 2007 to Boost Revenues
Analysis of: Banks Boost Fees for ATMs, Overdrafts | www.smartmoney.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
Banks boosted revenues by charging over $36 billion in ATM and Overdraft fees in 2007. Banks and credit unions are netting a stream of fee revenue from ATM and debit transactions in ATM and overdraft fees as consumers continue to pay steeper penalties and fees for not having sufficient funds in their...
Rick SheaMarch 31, 2008
Commodity Hedging-The Double Edged Sword
Analysis of: Against the Grain: Food Firms Hedge Costs | online.wsj.com
Author: Rick Shea, President, Shea Marketing Consulting Inc.
With ever rising commodity costs food companies that have hedged their key commodity purchases with forward buying have done quite well over the last year.Several key manufacturers have announced that they have hedged their raw materials by forward buying 60-70% of their 2008 needs.Lost in the...

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