GLG News by Financial Printing Experts

Over the past five years consumers have chosen "debit cards" as their preferred payment of choice, trumping credit cards, cash, checks and other forms of payment. 63% of consumers chose debit cards for ease of use;57% perceive debit cards are safe and secure;53% chose debit cards because they can pay...

The U.S. subprime market crisis has affected another bank, HSBC, who will take a $17.2 billion writedown in losses for 2007, however, not all the news is bad for HSBC. HSBC sold its HSBC France bank branches to Banque Populaire for $3.2 billion. Rumors were rampant that HSBC wanted to sell HSBC France...

UTX has made an unsolicited bid for ATM manufacturer Diebold for approximately $3.0 billion in an all cash offer. UTX believes Diebold would benefit from its "international presence and disciplined operating systems." UTX has been pursuing Diebold for the last two years, however, Diebold's management...

CME Group and NYMEX have entered into an exclusive negotiating period until 3.15.08, to conduct due diligence and to determine if a merger between to the two exchanges is doable. CME Group is proposing a cash and stock deal worth $11 billion, however, the DOJ is calling for the separation of clearing...

Visa's much anticipated IPO could shatter the current Top 10 U.S. IPOs on record and go down in history as the largest U.S. IPO if Visa's share price hits its target price of $37 to $42 per share. Visa is facing a sluggish market that is hampered by the U.S. credit crunch. Visa is hoping to usurp its...

The "Investors" (Thomas Lee Partners & Goldman Sachs) will provide MoneyGram, the 2nd largest non-bank money transfer owner/operator with the capital to strengthen its balance sheet in exchange for a 63% equity stake. MoneyGram was approached by Euronet Worldwide in December 2007 with an unsolicited...

In 2007, over 150 million migrants worldwide sent more than $300 billion to their families in developing countries, which is up from $268 billion in 2006. Citi acquired PayQuik in January 2008 to expand its remittance offerings and to gain a greater share of the growing remittance market. It's a success...

Ingenico wants to acquire Hypercom for $332 million but Hypercom's impending acquisition of Thales e-Transactions business unit could be a "deal breaker." Hypercom's shares shot up 30% on 2.11.08 on news of  Ingenico's offer to acquire Hypercom. Ingencio is offering a 59% premium on Hypercom's...

Bank of America, Chase, Citigroup, Countrywide Financial, WAMU and Wells Fargo are the mortgage lenders who have teamed up with Treasury Secretary Paulson and HUD to provide borrowers facing foreclosure with a reprieve through "Project Lifeline," as mortgage delinquencies climb to over $200 billion....

2006-2007 has been a transition period for Diebold as it completes an investigation by the SEC and DOJ based on its "bill and hold" method of reporting revenue, which meant a sale was recorded and ownership was given to a customer, however, delivery didn't occur until a later period. After the Office...