All GLG News Analyses Filed Under: Investment Banking & Commercial Finance

Banks are a main driver in our economic system both in growth and employment. Their use of moving "risky assets" outside their balance sheet is dangerous and it takes risk far from the only one that can really manage it. This habit has gone on for too long and will not be fixed overnight.

Structured finance allows more efficient capital use and will persist.  The market will revert to more conservative and consistent constructs in the face of elevated risk realization. Investors will demand secondary market liquidity rather than estimates provided by intermediaries who also...

The LBO market appears to be settling down as the prices are market down and lending terms revised. But the SIV market has not reached bottom and basically remains frozen. The buyers have not materialized. CitiBanks bridge financing of $80 billion through year end only postpones the problem.

This article is important because it reveals the current efforts of banks to sell off leveraged loans and contrasts such efforts with past sales.  The fact that banks are offering price guarantees and discounts to buyers of loans related to buyouts of recession-proof companies is an indication...

The credit rating agencies, Moody's, Standard and Poors, and Fitch, have become the focus of Congress ire over the subprime mortgage problems.  If Congress enacts remedial legislation, it will no doubt affect the bottom line for these companies.  A more likely outcome will be that the SEC...

1.Boom in the capital markets attracting international firms. 2.Markets being driven by the neo-rich.

Analysing Key Figures reported by Industrial Contractor Companies.  The Industrial Contractor Companies do have some characteristics The company equity is generally low The cash flow is project driven, The profit margin is given in % / operating revenues, typically 2-7%, and not compared to equity....

This article is important not only because it announces a US$1.3 billion write-down of UBS' fixed income portfolio, but because it parallels the situation with that of Bear Stearns' (huge write-downs followed by the "departure" of a key executive) and questions whether there are more of such "disclosures"...

The Federal Reserve Bank is an independant arm of the government, free of control from the president and any other presiding authority. The chairman of the Fed reserves holds three direct powers to influence our economy's overall wellness. 1.) Dictates the amount of money a financial banking institution...

The Federal Reserve Bank is an independant arm of the government, free of control from the president and any other presiding authority.  The chairman of the Fed reserves holds three direct powers to influence our economy's overall wellness.  1.) Dictates the amount of money a financial banking...