Bankcard industry lobbies Congress to leave interchange fees alone
September 22, 2009
Lafferty Group - Interchange battle rages on | www.lafferty.com
The primary story here is not the card industry's standard defense of bankcard interchange fees. It is that Visa and industry trade associations are responding to the clear and present danger that an angry Congress is going to side with merchants by enacting a law to limit interchange fees. Their defense of the fee is that polling of consumers shows a wide majority in favor of charging merchants for accepting cards. But it doesn't address whether current fees are too high and unfairly applied.
UK banking landscape presents potential for new competitors
September 21, 2009
State Bank of India open to acquisitions in UK | www.reuters.com
The large scale nationalization of the UK banking system leaves open the possibility for new players to enter the marketplace and compete. While American banks are still struggling en masse with capital issues, many foreign banks are not facing those same issues, and are likely to consider the UK for expansion opportunities.
"Cash For Clunkers" Final Tally: Good News, Bad News For Domestic Three
September 20, 2009
GM May Boost Output Of New Models | online.wsj.com
The final tally is in on the most popular purchases and most popular trade-ins under "Cash For Clunkers." Ford Focus finished No. 1 for favorite buy. The Ford Explorer was the No. 1 trade-in. How did the Detroit 3 do versus the imports? Here's the final tally.
More Fantasy Business, Really!
September 18, 2009
Fantasy Football Open Championship Awards First-Ever Million Dollar Grand Prize | www.reuters.com
Last year the first-ever million dollar prize for a Fantasy Football league was awarded, indicating that this fantasy business is becoming big business. Since 1998 our firm's FMPartnersOnLine holdings have engaged in providing sports content via Internet affiliates. Sign-ups for the 2009 fantasy football season began on Jan. 12 - and are still being started since the beginning of the NFL season.
September 17, 2009
Lending in Europe continues to shrink | www.ft.com
Banks across Europe have insisted in recent months any decline in lending is due to a falloff in demand, not supply. Supply is not useful if the line or rate does not make any sense.
Toyota's California Plant Exit Makes Sense
September 17, 2009
Toyota Will Shut California Plant in First Closure | www.bloomberg.com
Toyota has faced criticism from California lawmakers, the U.S. Departments of Labor and Commerce and local government officials over its decision to close its California assembly plant. However, from Toyota's perspective, the decision makes sense.
Higher defaults in a CRE book don't necessarily translate to more losses
September 16, 2009
Wells Fargo, Fifth Third Add to Predictions of Higher Defaults | www.bloomberg.com
One of the most compelling contrasts between the 2007-08 (and still ongoing) meltdown in the residential housing market, vs. the forecast bubble-burst in commercial real estate for 2009-10, is the methodology banks and lenders use to forecast losses. This contrast will definitely lend itself to more transparency and clarity with this current lending crisis vs. the previous residential and consumer meltdown.
Volkswagen Has Porsche, Sets Sights On Suzuki, What's Next?
September 14, 2009
Volkswagen's Piech Mulls Adding Two More Brands To Company | online.wsj.com
Volkswagen has made no secret of its desire to be the world's number one automaker, gobbling up smaller brands in its wake as it attempts to rival GM and Toyota.
What The U.S. Auto Landscape Will Look Like After The Fall
September 13, 2009
GM to Cut 1,000 Salaried Jobs After 1,900 Workers Take Buyouts | www.bloomberg.com
From the auto industry's perspective, this economic typhoon isn't over until consumers get serious about buying new cars. At that point, the debate can begin about whether the economy has hit rock bottom and whether better times are on the way. Here's what we think will happen at that point.
September 11, 2009
Banking On Fantasy | www.forbes.com
Several top Institutional Investors have equity invested (albeit a extremely low percentage of capital invested), along side longtime directors, executives and investors in CASCADE BANCORP.
New FINRA Rule 2210-Simplification Whose Time Has Come
November 4, 2009
ADP Must Grow Three Major Markets for Continued Success
October 22, 2009
Battle for Dominance in Mortgage Fraud Analytics Space
October 17, 2009
All hands on deck, full steam ahead
September 7, 2009
Dollar destined to be second class currency in world's largest banana republic
September 1, 2009