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

The market for leveraged buyouts will dry up for the next one to two years in the wake of the credit crisis.

"Morgan Stanley expects several more quarters before credit markets return to more normal activity, and structured credit markets could be challenged for an extended period, the company's chief financial officer said."  Challenged.  The FBI is investigating, lawsuits are brewing (such as the...

CME deal value is related not just to exchange growth but also the state of commodity prices. Nevertheless, CME is best placed to acquire CME for approximately 40 key reasons

First, ratings downgrades are just a matter of time.  Secondly, we face a long period of uncertainty (that is, no one is really sure who owes what and to whom, et cetera) and pain -- a mess that institutions are going to have to unwind in order to evaluate and properly...

Bond insurers will be hard pressed to survive mounting losses on CDOs and other securities that they guarante.  Egan-Jones estimates that Ambac losses may reach $4.3 billion.

If this had been a mere subprime crisis, it would now be over. But it is not, and nor will it be over soon.  Any near-term rally in the bear market is likely to be led by U.S. companies that will get the biggest bang from the Federal Reserve's latest interest-rate cut. But this is exactly the part...

Any near-term rally in the bear market is likely to be led by U.S. companies that will get the biggest bang from the Federal Reserve's latest interest-rate cut. But this is exactly the part of the economy where the reality of a slow recovery has the power to repeatedly dash premature optimism. Take...

This is not merely a subprime crisis.  Several other (and larger) pockets of the credit market are also vulnerable, (such as) credit default swaps, relatively modern financial instruments that allow bondholders to insure against default.

The SEC recently gave its approval for foreign companies listed in the U.S. to present financials exclusively using the IASB's version of IFRS – with no reconciliation to U.S. GAAP.  The SEC is now seriously looking into the possibility of giving U.S. companies the option of using...

Citigroup's eroded capital ratio will put added pressure on the company to reduce its dividend payment or take other steps to protect its capital position.