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GLG News by Money Transfer Provider Experts

Ronald Ingram, Director of Product Management

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC. What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

The 5Cs of Credit, P2P Lending, Social Lending, Self-Directed Lending

November 11, 2009

BlackRock's Fink: Forget 'Bubble' | online.wsj.com

Laurence Fink, Chairman and CEO of BlackRock Inc. in response to questions about bank failures and economic conditions suggested today that; “…the financial system needs to be a lot more responsive to society and make sure this doesn't happen again. Risk has to be a lot more transparent to investors. I think that is happening."; and, “the financial system needs change, including increased disclosure, more derivatives trading on exchanges and regulatory change…". But what about the 5Cs of credit?

Ronald Ingram, Director of Product Management

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC. What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Financial Services Innovation and New Credit Sources Impeded by Regulation in the US

April 5, 2009

Where Credit Still Flows | www.forbes.com

Demand for credit has never been stronger. With government support P2P or "Social Lending" has the potential to improve the efficiency of credit markets and demonstrate US leadership in financial services innovation. The US is behind the curve in P2P lending innovation and losing ground due to the distraction and high cost of regulatory compliance. At a time when billions are being pumped into ailing banks government needs to find a way to encourage social lending.   Improved regulation may unlock a wave of new credit options and provide economic stimulus at the grass root level. Conceptually Social Lending and P2P financial models makes sense for consumers, business and the greater economic good of nations;  however, the effort to wedge P2P loan models into existing regulatory frameworks continues to impede American financial innovation.

Richard Bialek, Chief Executive Officer

Richard BialekChief Executive Officer Bialek Group What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

TALF - Implications for Credit Card Issuers

March 12, 2009

Press Release: The Federal Reserve Board Announces the Creation of the Term Asset-Backed Securities Loan Facility (TALF) | www.federalreserve.gov

This program will be a benefit for the large credit card issuers: JP Morgan Chase, Citicorp, Bank of America, American Express, Discover and Capitol One, all of whom can position themselves as a high quality, AAA rated, source of new loans. TALF could prove to be especially helpful to American Express, Discover and Capital One, credit card issuers who lack the branch network and deposit base of the big money center banks. TALF could open up a funding source by reviving the credit card securitization market.

Bill Bradway, Founder & Managing Director

Bill BradwayFounder & Managing DirectorBradway Research, LLC What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Citigroup: Will Breaking Up Be Hard to Do (Well)?

January 15, 2009

Citigroup Plans to Split Itself Up, Taking Apart the Financial Supermarket | www.nytimes.com

Citigroup, still suffering from credit related losses, is now planning to spin its Smith Barney unit into a joint venture with Morgan Stanley. Other Citigroup business units are rumored to be on the block for divestiture. Government regulators appear to be forcing this action to happen sooner rather than later. Can Citigroup succeed at breaking up its financial supermarket? Is this the end of the financial supermarket model for all big banks?

Kamala WorthingtonPresidentKW Marketing Consultant What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

WAMU CLOSED: SOLD TO JP MORGAN CHASE FOR $1.9 BILLION

September 29, 2008

WaMu Becomes Biggest Bank to Fail In US History | news.yahoo.com

Rumors had been swirling over the last few weeks that WAMU was shopping for a buyer, however, the OTS (the Office of Thrift Supervision) couldn't allow WAMU to continue its operations under constraints of deposit outflows exceeding $16 billion in the last week or so and JP Morgan Chase becomes the benefactor of WAMU's collapse and acquires WAMU's deposits for a low ball amount of $1.9 billion. WAMU may have staved off a collapse if the proposed $700 billion bailout plan had been approved, however, what we witnessed this week was alot of grandstanding and political posturing but no agreement to pass and legislate the proposed $700 billion bailout plan. WAMU becomes the latest news headline and the largest FDIC-insured institution on the list of bank failures in 2008. The FDIC fund wasn't impacted by WAMU's collapse, however, other S&L's and thrifts that have failed to meet their fiduciary responsibilities have only added to the downward spiral of the U.S. economy. 

Bill Bradway, Founder & Managing Director

Bill BradwayFounder & Managing DirectorBradway Research, LLC What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Time to Say Goodbye to the Old American Mortgage Pie?

July 14, 2008

U.S. Weighs Takeover of Two Mortgage Giants | www.nytimes.com

The news that Treasury Secretary Paulson and Fed Chairman Bernanke are trying to reassure the broader markets that Fannie Mae (FNM) and Freddie Mac (FRE) will not be allowed to fail has not produced the expected calming effect on the markets. Shares of both firms have plunged into single digits. Who would have thought that FNM and FRE would become disastrous ticker symbols whose survival is now being debated? The full faith and credit of the US government is being tossed out as a lifeline, if necessary. Whom would such a lifeline rescue? What will happen to mortgage products, origination – packaging – servicing business models, and the overall housing market?

Bill Bradway, Founder & Managing Director

Bill BradwayFounder & Managing DirectorBradway Research, LLC What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Delinquencies Sprout Like Weeds: Time For a Pain Check

June 6, 2008

Delinquencies and Foreclosures Increase in Latest Mortgage Bankers Survey | www.mortgagebankers.org

Adverse news continues to sprout headlines describing the expansion of delinquencies into new corners of the US bank and thrift loan portfolios. The Mortgage Bankers Association reported that 1Q2008 mortgage delinquency and foreclosure rates continued to expand abovemuch 4Q2007 levels and are now much higher than 1Q2007. How many forced transactions (e.g., Countrywide - Bank of America) or outright failures are likely? Which institutions are inching closer to the edge of extinction?

Richard Bialek, Chief Executive Officer

Richard BialekChief Executive Officer Bialek Group What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

MasterCard Clouds on the Horizon?

June 4, 2008

MasterCard "buy," target price raised | www.newratings.com

The near-term prospects for MasterCard are positive, despite a weak US economy. MasterCard is riding a trend of payment transactions moving from cash and check to card and electronic media. The challenge to MasterCard comes from potentially disruptive regulatory and technology forces that MasterCard must acknowledge and address.

Bill Bradway, Founder & Managing Director

Bill BradwayFounder & Managing DirectorBradway Research, LLC What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

First Boom, Now Bust Burns An Aggressive Banker

May 19, 2008

A Gamble That Went Bust | online.wsj.com

The housing bust has already made headlines from the subprime fallout, claiming dozens of mortgage banks, producing asset write offs approaching $300 billion on a global basis, and forcing many of the largest financial institutions to raise billions in new capital. Now smaller banks are going over the cliff at the expense of its shareholders and the FDIC. How many other banks are destined to fail? What are the drivers that will determine bank failures?

Richard Bialek, Chief Executive Officer

Richard BialekChief Executive Officer Bialek Group What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Credit Card Deal on Target for JP Morgan and Target

May 12, 2008

Target in credit card deal with JPMorgan | www.ft.com

The credit card deal announced between Target and JP Morgan makes sense for both parties.  It allows Target to address shareholder concerns regarding its card business and mitigate potential growing credit losses. It enables JP Morgan to further develop its private label retail card strategy by taking a substantial interest in the Target portfolio, while placing limits on its loss exposure. There is protection for both parties as well as options to further extend the relationship.

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