GLG News by Student Lending Experts

EED is the wave of the future that is already upon us. Law Firms may be reaping financial benefits by having to review and bill for this information, but getting it, storing it and making it all easily accessible will rest with IT.

Banks and similar financial institutions need to more carefully reserve for potential losses. Individuals may feel the front line exposure for certain credit transactions gone sour, but its the financial institutions that will likely bear the true cost.

A State's decision to tax out of State Muni Bonds may be penny wise and dollar foolish. The Federal government may be overstepping its bounds to force States to tax instate & out of State Muni Bonds equally!

Is the US Court system the most appropriate place to resole what some may think are foreign disputes? The heightened potential for exposure in the US clearly attracts foreign investors.  

Mr. Ross' acquisition of American Home Mortgage's servicing unit is a bold attempt to continue his legacy of "turnarounds" in the business arena. Like Merrill Lynch's purchase of First Franklin, Ross' move may disprove the adage "when there's blood in the streets, buy real estate", and prove the "Greater...

With the increasing volume of data management & dissemination EED is at least for know the obvious answer. EED is mainly a child of the Federal Rule changes and the surge of discovery that is being authorized.

Will federal regulation on pharmaceutical & medical devices finally be consistently applied to all attempts at State court litigation/ Is the surge in state court product liability suits a soon thing of the past. 

WR Grace's Lost criminal appeal may affect timing of emergence from bankruptcy. Lost criminal appeal increases WR Grace's potential exposure.

Loan loss reserves at banks are at historic lows. At the same time, the credit cycle has turned viciously negative, particularly for mortgages. Banking regulators are likely to ratchet the pressure up on banks to raise their loss reserves. The most vulnerable are banks with outsized exposure to the...

Countywide's announcement late last Friday and Angelo Mozilo's letter to employees provide a unique window into CFC's strategy for addressing the impact of the credit crisis on its business. The letter provides details on the steps that CFC is taking to shelter itself from the fallout. Unfortunately,...