All GLG News Analyses Filed Under: Commercial & Retail Banking

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

Tread very carefully

March 9, 2009

Analysis of:HBOS, RBS U.K. Deposits Fell; Government Banks Gained | www.bloomberg.com

The US Senator Dodd has suggested a $500 Billion line of credit for the FDIC.  FDIC chair Shelia Bair has acknowledged a good idea for US depositors would be to continue the higher ($250k) FDIC Insurance limits on depositors bank deposit principal.

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

Business Risk Management First - Before Quant or Qual

March 9, 2009

Analysis of:Deutsche Bank’s Quantitative Team to Leave, Start Hedge Fund | www.bloomberg.com

Some of the The Frankfurt- based bank's DWS funds have recently suspended dividends due to previously exposed risk and current market conditions (1). Further, the Frankfurt- based bank,  will cut risk by shifting resources from areas such as proprietary trading after “unprecedented market conditions revealed some weaknesses” in trading operations. (1) DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ - News) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO - News) (the “Funds”) announced today that they will not declare any distributions to common shareholders in March 2009 because market conditions have resulted in a decline in portfolio values causing the Funds to currently not meet the preferred share asset coverage ratio that is a precondition to the declaration of common share distributions under the Investment Company Act of 1940.

Justin HupetConsultantJustin Hupet

Canadian Banks: "Steady As She Goes - Weather-Beaten By The Economic Hurricane But Not Broken"

March 6, 2009

Analysis of:Canada banks' long history of steady dividends | www.financialpost.com

Canada's banking system is currently the soundest and most stable in the world.  For those with patience, the ability to foresee past the current environment and have a longer-term time horizon, shares of Canadian banks represent significant value and upside potential.

Stop !! Use the workout method

February 27, 2009

Analysis by: GLG Expert Contributor

Analysis of:Barclays May Lose Manager Role in $1.2 Billion Loan | www.bloomberg.com

Stop selling off these assets. Those that are goiing to buy them from you at 20% will make a fortune as they did in the 80's. Don't let that happen make the money yourself. It pays to hire and be flexable.

Mark MariottiChief Executive OfficerFuture Management Holdings Inc

I did not have nationalization relations with that bank!

February 25, 2009

Analysis of:RBS May Not Avoid Full Nationalization With Insurance | www.bloomberg.com

Well, did you or didn't you? Guess we are not sure any longer since we have various definitions floating around. Both the UK & US have essentially shored up the depositors principal, and stripped the investors equity.

European Banks will not abandon their Eastern Subsitdiaries

February 23, 2009

Analysis by: GLG Expert Contributor

Analysis of:Will west European banks abandon their eastern subsidiaries? | www.economist.com

European banks issues with Eastern Europe are no doubt serious but currency fluctuations and unstable economic and political problems have been part of doing business in Eastern Europe for ever since European banks started investing there. Europeans banks operations in Eastern Europe are regulated by their home country regulators The EU has enormous political, social and economic reasons to see that the banks in Eastern Europe remain stron

Saving the Global Economy

February 20, 2009

Analysis by: GLG Expert Contributor

Analysis of:Failure to save East Europe will lead to worldwide meltdown | www.telegraph.co.uk

Today High Street stores are closing faster than they are opening.  Competition and the increasing cost of living has driven consumers to cheaper answers.  Online shopping has risen sharply with the availability of broadband for a low cost monthly spend, in comparison with the increased shrinkage of High Street spending.  A failure to be competitive in an ever changing world has led to the demise of big names such as Miss Sixty, Woolworths and many others who may not have anticipated the exodus from real to virtual shopping.  Media Hysteria can add to the speed of the collapse of such names as the Northern Rock crisis showed, but it cannot be responsible for leaving a huge deficit in company or country financial reserves.  Blaming the Media for reporting such financial irregularities or gaps, merely deflects accountability from ground zero - the boardrooms and cabinets across Europe who continue to want to pin the blame elsewhere.  Nowhere can the sign be found 'the buck stops here.'

Nitish GroverPrincipal, OwnerNitish Grover and Associates

Banking Regulations, Mortgages, Recession and Accounting Imbroglios

February 20, 2009

Analysis of:Bank Stress Test May Expand Regulators Role | www.nytimes.com

Banking regulations are in for a change and so are the manner in which mortgages are financed. The recession is also going to effect the manner in which accounting and financial controls are related. Also the latest Stanford scam is going to have its effect on the deployment of bank funds.

Downgrading Banks with Eastern European Exposure

February 19, 2009

Analysis by: GLG Expert Contributor

Analysis of:Banks Face Downgrades on Eastern European Losses, Moody’s Says | www.bloomberg.com

Even though CEE countries differ greatly in terms of deficit, governance system, ability to manage crisis and affinity for particular Western countries’ investment, we should not be taken by surprise by this downgrade.   Eventually, why should not these "watchdogs" do their job? Major implications: -share prices of these banks are going to plummet following the downgrade, but their risk exposure and strategy differs greatly from bank to bank; -buy bank shares of risk adverse banks despite their exposure to these markets (market recovery differs though); -do not treat the whole block of CEE as one - place your investment also based on country's forecasted growth and ability to recover.  

Patrick YoungFounder and ChairmanDerivatives Vision

Sorting The Wheat From the Chaff

February 19, 2009

Analysis of:Failure to save East Europe will lead to worldwide meltdown | www.telegraph.co.uk

The marketplace is sufficiently spooked that we are at the point where facts are routinely mistaken or misrepresented to demonstrate just how desperate problems are...

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