GLG News by Sub-Prime Auto Lending Experts

However it is resolved Neiman Marcus’s ugly spat with HSBC is a harbinger of a deteriorating credit environment and of Neiman Marcus’s coveted private label (P/L) credit card portfolio being in play in 2010.

MasterCard, which has long been a laggard in the US pin-debit market, continues to improve its offer and match-up against Visa, Star, NYCE, Pulse and Accel. It’s now positioned to move from the back of the pack and through additional processing to capture more of its transactions’ value.  

Discover continues to play a relatively weak hand well against American Express, MasterCard and Visa. In Diners Club it acquired a meaningful international acceptance network, increased visibility and volume for its underappreciated network business, and added a payment brand decidedly different from...

Congress is on the brink of causing enormous damage to the card payments industry. The “Credit Card Fair Fee Act of 2008” would convert it into a regulated public utility. Small merchants’ access to MasterCard and Visa products would be curbed. Cardholders would pay more. And, card issuers, the networks...

The world’s largest consumer finance story GE Consumer Finance (GCF) is entering the final chapter. The first two morsels of GCF’s $175 billion assets spread across 50 countries have just been sold. The next two years will see a feeding frenzy as FIs acquire bits of GCF, bulking up in particular markets,...

Regulators in Europe and elsewhere will continue to ratchet up their interference in the global card payment networks’ business unless and until MasterCard and Visa (V) find effective strategies to stonewall or deter them. While no regulation contemplated would put the networks in the “death spiral”...

Current upswing in the economy is driven by a boom in the resources sector.But chances are events occuring in other areas of the economy could nullify any gains from the resources uptake. 

If the “Credit Card Fair Fee Act of 2008” passed, it would devastate the US card payments industry, harming card issuer, network and merchant acquirer economics, to varying degrees. It would also cause higher cardholder fees, reduce payment card transaction and volume growth, and put a damper on payments...

1. Stepping in by two of the market's biggest players viz., the Fed and JPM is a signal to the investors that they would not be left in the lurch and shall not be left alone to fend for themselves. 2. Right price is always a relative term.

The takeover by JPM will set in motion many more mergers and acquisitions.It will be a trend setter in the sense stronger firms will take courage and come forward to acquire weaker firms. The deal will act as a benchmark.