All GLG News Analyses Filed Under: Commercial & Retail Banking

By leveraging its size and scale, Wal-Mart will be able to do in financial services what it does with retail items: undercut competitor pricing. The consensus is that Wal-Mart can easily afford to invest the time and money to educate the larger unbanked Latino community and can operate at a loss until...

TD Bank is paying a 7% premium over Commerce's closing share price on 10.1.07 of $42.37 and the deal is expected to be completed by April 2008. TD Bank will incur a pretax restructuring charge of approximately $490 million to expand market share in the U.S. and as a result 2008 and 2009 earnings will...

Commerce Bank's Board and Management decided to take TD's cash and stock deal, valued at $8.5 billion, barely 90 days after founder Vernon Hill was ousted as Chairman and CEO. The deal is estimated to be worth about $42/share, less than $1 above CBH's all time high. Was the price right for shareholders...

NetBank, with total assets of $2.5 billion and $2.3 billion in total deposits as of 6.30.07, was closed on 9.28.07 by the Office of Thrift Supervision (OTS) and the FDIC was named receiver by the OTS of NetBank's assets. The FDIC's Board approved the acquisition of the insured deposits of NetBank by...

Recently introduced legislation on overdraft protection would impose significant burdens on financial institutions, and would impair the use of ATM networks and require changes in current business models.  The banking lobby is making a strong case that the bill needs to be modified.

Private forecasters said that worry is not misplaced, given that all but two of the housing downturns that have occurred since the end of World War II have been accompanied by recessions.

The latest  efforts  of  the  Fed  will  probably  be  successful.The  subprime  crisis  will  probably  be  capped.  The long  term  effects  will  remain. The  global economic  system  has ...

MacroMaven Stephanie Pomboy reflecting on interest rates a few years backed quipped that the US economy could no longer handle higher interest rates in a way that mirrors what Jack Nicholson shouted to Tom Cruse in A Few Good Men that he couldn’t handle the truth. She may have been early on her call,...

The only way to put a bubble behind the economy is to reduce the prices low enough to clear out the inventory. Only then, can we move forward. Japan didn't follow the US lead and suffered deflation for 15 years. Is helicopter Ben making the same mistake? The 50 basis point cut may help those with adjustable...

Macquarie does have a fairly aggressive product LTV wise, although they have  tightened down it's other guides (reserves, fico and DTI) in an effort to ensure satisfactory performance.  Unfortunatley,  our poor econmic state has trickled into poor loan performance with them. ...