GLG News by Sub-Prime Auto Lending Experts

Considering the current fall-out in Commercial Lending with the big banks (most of which were deservingly so), such as Wachovia, Chase, and Bank of America, the Credit Union field has such great opportunities to grow their market-share if they just decided to move into the 19th Century, instead of living...

On the eve of Visa Inc.’s IPO, there are important differences between it and MasterCard in terms of global coherence, size, system architecture, management and legal liability exposure. Net, over the long haul MasterCard’s unitary structure should enable it to grow volume, transactions and therewith...

The Economist recently described specific events that would lead one to believe that the U.S. Economy is already in the throws of a recession, yet the nay-sayers (including our illustrious President) state that there is still some signs of life negating this apparent event. I feel that like the 90's,...

Visa Inc.'s IPO, unlike MasterCard's, will be fairly and fully priced. Nonetheless, it is a compelling story with a huge opportunity to improve operating margins, in important respects more attractive than MasterCard and in others tangibly inferior.

1.Tax cuts for people in financially good shape. 2. A knee-jerk reaction to limit a possible economic recession.

1. Australian banks have little exposure to US sub-prime mortgages. 2. Turmoil in financial markets has had no immediate impact on the credit ratings of Australian Banks.

Notwithstanding skittishness about the subprime mortgage implosion and a possible impending economic slowdown or even recession, US credit card credit performance remains strong by historic terms.   While most borrowers do indeed let their card debt go bad before their mortgages, a very relevant...

Open general-purpose card payment network models continue to gain ground over closed-loop models. More if not always fully open, is proving the more fit card payment network model in competitive markets.   Amex’s First Data relationship will improve its US merchant acceptance. Forging additional...

GE is considering divesting its US credit card business. Chase, Citi, HSBC, Barclays, RBS and BNP could each have a rationale to acquire it. Carrying the logic further there’s an argument for spinning off GE Money in toto.  

1.There is a wide interest among consumers for mobile banking services not only in India but also world wide. 2. ATMs have been used by banks not only to expand their reach to customers but also to offer value-added services.