GLG News by LBO and M&A Accounting & Tax Consultants

CME has run its slide rule across cash exchanges before but never taken the plunge to acquire one. Equally, it seeks to create partnerships where it can act as a predator and buy out the partner (see my previous analysis on the subject). Sooner or later CME will likely acquire beyond its traditional...

The ability of the new merged management team to keep clients happy when products are merged is going to be a key issue in making this merger work. Staff are understandably nervous about their prospects and the history of Reuters in recent years has included a great deal of almost ongoing upheaval.

If a major bond insurer was to lose its triple-A rating the likely outcome is a redistribution of losses rather than incremental losses. In the longer run the impact could even be positive.

Simply, writedowns do not overstate the extent of problems at financial firms.  Yes, ultimately the coming "correction" will be overdone (given human nature, most are), but we just getting started (that is, expect a long, sharp recession) -- so things are going to get much ...

Six months ago, BaFin President Jochen Sanio warned that the "worst financial crisis since 1931" was unfolding.  Simply, I concur.

More bad news could pave the way for further buy-ins by foreign investors, such as the Qatar Investment Authority.  "The final determination of these reductions will depend on further results of our review and continuing market developments," the bank said.  Read: Expect more bad news. ...

Morgan's stock will continue to decline.

Another exchange, another strong processing result...Just imagine what would hapen if they could close the bottleneck of the floor!

The political battle between the big banks and exchanges is becoming more explosive than ever.

The monolines have effectively guaranteed the solvency of our modern asset structures.  The size of the asset-backed market that the monolines insured in recent years is in the trillions of dollars.  Any short-term bailout is merely an illusion.