GLG News by Independent Financial Advisors (US)

Implications 1.One of the largest largest subprime casualities of a major European Bank. 2.The FIRST full year operating loss , since the 1960's. 3.A Full Dilution of Earnings per Share in decades. 4.Credit Rating Agencies will flag this institution to mirror the loss. 5.Cash dividends will be replaced...

Impact. 1.Additional capital requirements will create a deficiency in working capital. 2.Return of Investment for Investors will suffer a negative setback. 3.Commitments for additional capital will have to be mitigated for al parties. 4.A Great Deal of uncertaintity will be created with a probable negative...

1.HSBC may find that that an international competitive position may draw - down on it's position of liquidity. 2.There is most likely an overexposure of HSBC in the international marketplace - there is no hard evidence that the institution will succeed in this endeavor. 3.To increase exposure to China...

1. If the sub- prime markets are NOT controlled more cash MUST be made more readily to the Financial Markets. 2.Volatility within the marketplace will cause the Financial Traders to abandon defensive strategies. 3.Share prices will be lowered as illustrated by the price of energy. 4.Many gains in the...

Do not forget to look at the whole picture for Legg Mason. There is a firm as well.

This is really only the first round in Citi's restructuring.

While Computershare's recent action to acquire control of the German bank VEM Aktienbank is a sound move to improve client access to European markets, we await a more significant development in the United States. In the U.S. DTCC, nominee names account for over 80% of all stock holdings. ...

The market has focused on Barclay's SIV exposure. In most cases, the bank has only a moral obligation, not a legal requirement, to provide funding for the SIVs they sold and manage.

The LBO market appears to be settling down as the prices are market down and lending terms revised. But the SIV market has not reached bottom and basically remains frozen. The buyers have not materialized. CitiBanks bridge financing of $80 billion through year end only postpones the problem.

The excessive use of leverage and investment in complex products are at the root of the current global crisis. But, they alone do not explain the depth of the problem. Investors world wide thought they were safe because most of these new exotic products carried a AAA investment rating.