GLG News by Retail & Commercial Bankers: Europe

- bank medici did not HAVE 2.1bn investments, but SOLD 2.1bn investments to mostly professional investors as defined by MIFID - what remains for Medici is the legal risk of being sued by not giving sufficient transparency what implied risks in the strategy are concerned.

The Bank guarantee has focused institutional lenders and large deposit customers on the date the guarantee runs out which is 29th September 2010. The Irish Government will need to extend the guarantee beyond that date and/or ensure that the capital ratios of Irish banks are in line with the highest...

Banks are already focusing on high net worth individuals, sovereign wealth plans (either commodity or export based), revised property derivatives and top performing industries rather than small businesses. Anyway, banks have to meet their targets, despite this increase in foreclosures. So, they must...

2008 has witnessed a watershed in UK commercial finance lending, especially asset based finance.  The lack of liquidity has put pressure on bank owned and privately owned asset based financiers to meet demand from its clients for additional or even sometimes, existing debt facilities. There are...

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...

Banks are a main driver in our economic system both in growth and employment. Their use of moving "risky assets" outside their balance sheet is dangerous and it takes risk far from the only one that can really manage it. This habit has gone on for too long and will not be fixed overnight.

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...

Italian workers aren't aware enough how urgent is to move their TFR (a quote of salary paid at the end of work relation), in order to ensure them a pension that will give a decent stylelife.Many people had bad results in the past by investing their money in securities (see: Parmalat, Cirio, Argentina,...

  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...

Big German banks will try to enhance their market share in consumer finance. The number of companies from non financial sector entering this segment will also grow in Germany.