GLG News by Retail Industry Financial Statement Analysts

As I  write this article the Senate has passed the $700bn bailout package. There is also general  unanimity to increase the limit upto which bank deposits are insured upto $250000. Yet all this only reflects the effect of  politics on the economy. There is also pressure to allow banks...

The  present  banking crisis provides an opportunity for  the  Bretton Woods twins and  especially  the  IMF  to  prove their relevance in the 21st century. The past few years had seen the eclipse of  these  two institutions with reduced relevance....

When the going gets tough deflect the blame. That's an age old tactic. The banks and the global financial system are in a mess. The mess has been created by "easy credit" and  now the bankers want to blame accounting rules and the concept of  fair value. This is like going back a 100 years...

As I  look at the troubles facing the financial world and global economy as a bystander and a involved person (as  a  finance professional) I actually see  a  certain amount of  humor in the entire situation. Monetary policy during  the  last  few  years...

The referred article is a great comparative  between the strategies followed by Merriyl and Lehman respectively. While Merriyl Lynch was constantly considering strategies to overcome the liquidity crisis, Lehman was basking in its past. Merriyl was considering the basic tenets of risk management,...

The present banking crisis is once again bringing out the importance which prudent financial management plays in wealth creation and maintenance. Till  now it was profits, sales targets and gross billing which  was important. The growth and continuing existence of the organization was taken...

The  Fed gets  more confused every  day.One day it  says  no  bailouts the next day it reverses course. The  latest being in the case of AIG which has virtually been nationalized. The  trend  of  Northern Rock (UK) and  then Bear Stearns, Freddie,...

The  talk is  as  if  Armageddon  has  arrived. A number of Institutions  have collapsed or are looking for lifelines. The situation is bad but not alarming.  Since  September 2006  I  have  been  arguing  in  these  columns ...

100 years since the panic of 1907 the banking system is looking for another white knight. In the meantime we have had the breakdown of  the  gold standard, the  breakdown of  bretton woods, the curse of inflation and stagflation yet there appears no permanent cure for recurring financial...

The financial problems of Lehman point  to major system problems. In the context of support from the Fed, Lehman is  looking  at  a  loss  of  $3.9bn. Any  problem  which  is  based  on  the  substratum of  the  business...