GLG News by Former C-level Executives in the Financial & Business Services Councils in Member Programs

A whole country, albeit be it a small one, is on the brink of bankruptcy. This has dramatic consequences to its foreign trade and foreign payments. It has just simply stopped functioning. A bailout loan from IMF and other countries will restore system functioning and allow time for the real economy...

The range of risks in an outsource engagement, with disparate organisations working to distinct, albeit related set of objectives, is wide. Not the least of these is the misplaced notion, that since clients wish to reduce their cost, while suppliers aim to maximize their revenue, it puts both fundamentally...

The article does not adequately explain all the issues. Trading Assets are assets which the institution intends to sell and mark to market adjustments are recognized in the income statement. Assets which an institution does not intend to sell, except in exceptional circumstances, are classified...

The article fails to acknowledge that banks and credit unions have been generally unsuccessful in their attempts to establish relationships with the unbanked.  It does, however, call attention to two generally unrecognized truths:  productive use of financial services is the gateway to...

1)After rescue of IKB and Sachsen LB the pressure on German politicians to get out of banking is becoming stronger. 2)The German Banking is overcrowded with banks such as private banks, saving banks and deposit taking cooperatives. Due to insufficient profitability restructuring of certain institutions...

NETeller’s agreement to cooperate fully with US authorities in all matters relating to the ongoing investigations by the United States Attorney’s Office could lead to more charges and fines of other companies.   United States Attorney’s Office could go after more companies who were involved in...

Overturning the UIGEA may see a re-entrance by London traded companies back into the USA market This would subsequently increase the market caps of those companies Overturning the UIGEA would also bolster the WTO case against the USA in regards to internet gambling  

Growth of poker in Europe mirroring USA   Largest-ever union of its kind between an offline and an online gaming company   Harrah’s online presence in anticipation of legalized iGaming in USA   Once iGaming USA legalized, Harrah’s should see an increase of betting volume in the tune of...

As we all know - the SW FL real estate market went wild for a number of years.  And, in Aug. of '05, it died a miserable - horrible death.....This market (residential) has languished for the past 1.5 years.  It has steadily declined throughout '06 and thus far in '07.  We have the rest...

  Only comprehensive adjustments in values of major international currencies could gradually reduce the recent distortions in the current accounts of the main industrial nations, their disputes on foreign trade policies as well as the risk of a global recession.This is the warning message sent...