EU Competition Probe against Google.
July 10, 2010
Brussels to look closely at Google probe | www.ft.com
A formal competition case against Google is likely to be open by the European Commission in the next few weeks. If so, the case would be personally followed by Commissioner Almunia; Google should thus expect a very thorough probe.
June 8, 2010
The Value of CBOE | eepurl.com
The CBOE has been much hyped in some sectors of the press yet the world has changed significantly since the last major exchange IPO. While a terrific underlying business, CBOE may not be destined for as exciting a market debut as was the case for CBOT and NYMEX during the bubble of 2006-2008.
Is Jon Corzine the Brand MF Global Requires?
March 24, 2010
Former Goldman Sachs Chairman Governor Jon Corzine is taking the helm of MF Global (NY SE ticker: MF) in a move which is likely to reshape the entire business. One of MF Global's problems has long been its brand - or lack of a genuinely deep balance sheet. How can brand Corzine transform the futures/options specialist brokerage?
Stock Exchange Market Share Is Not the Whole Issue
March 3, 2010
LSE market share could sink to 40% | www.ft.com
The LSE, like many other European exchanges, finds itself under severe pressure to maintain its market share. However, investors concentrating purely on market share are not viewing the whole picture...
March 1, 2010
LCH.Clearnet Announces New Chairman | www.mondovisione.com
LCH.Clearnet have made a fascinating choice for their new Chairman at a time when the cinderella clearing business faces both the greatest opportunities, as well as a great many risks in several generations...
Why Wall Street Bonuses Up 17% in 2009 Is Reasonable
February 26, 2010
US Financial Firms' Top Executive Bonuses Up 17 Percent in 2009 | www1.voanews.com
According to estimates from the New York comptroller, bonuses to Wall Street executives will be 17% higher than last year. Traders and bankers will receive $20 billion in year-end payouts, despite the downturn in the economy and the government bailout. The Average Goldman employee made almost $600,000 for 2009.
Scotiabank: Canada's Most "International" Bank Increases Investment In China
December 30, 2009
Scotiabank boosts stake in China | www.theglobeandmail.com
Scotiabank has increased there stake in Xi'an City Commercial Bank to 14.8% (with an announced intent to take that to the maximum allowable stake of 20% under current Chinese regulations).This announcement reflects Scotiabank's continued commitment to expanding internationally via both investment and operations at opportune times in regions the Bank believes offer strong fundamentals with long-term growth potential.
Genworth MI Canada: Successful IPO, But Mixed Market Reaction
July 9, 2009
What to take from Genworth's IPO | www.theglobeandmail.com
Genworth Financial (NYSE:GNW) completed an IPO of their Canadian operations in a bid to raise capital to pay down debt at the parent company. The mortgage insurer’s Canadian offering raised at least C$850 million (44.7mm shares priced at C$19 per share and the underwriters have the option to sell an additional C$127mm (6.7mm shares) up until August 6th). If the option is exercised in full, Genworth Financial would have a 56% ownership interest in Genworth MI Canada (TSX:MIC). This is the largest IPO in the Canadian marketplace since 2007, when gold miner Franco-Nevada raised C$1.3bn, and is only one of a handful of IPO’s completed in Canada YTD.
Institutional Investors Participation in Recent Equities Market Rally: A Canadian Perspective
April 20, 2009
financial times ft.com | www.ft.com
The major Canadian equities market index, the S&P/TSX Composite Index, is up 5% YTD (up 25% since March 9th, 2009) ; with the overall value traded down 27%, and volume up roughly 18% compared with the same period last year on a year-over-year basis. The number of transactions is up 26% YTD vs. the same period last year. The TSX Venture exchange (which consists of micro and small capitalization companies) is up 24% YTD. The consensus among institutional investors in Canada, as elsewhere around the globe, remains divided. A few things likely need to occur before the majority of the naysayers move toward the other camp, such as; a visible and sustainable improvement in the global economy, a broad-based recovery in corporate earnings, a steady and meaningful increase in the prices of commodities, a slowdown or reversal in the recent rate of increase in the unemployment rate, more balanced conditions in the housing market, and a significant positive shift in consumer confidence.
Hedge Funds Need A Survival Strategy
March 26, 2009
Pensions seen fueling hedge fund industry growth | www.reuters.com
Hedge funds lost more than $700 billion in second half of 2008, and 2009 might be even worse given the current outlook for the financial and economic environment. Hedge funds need a survival strategy and more metrics need to be shared on both sides of the conversation between the hedge fund and institutional client. Those hedge funds that survive need to offer, among other things; repeatable performance, fair fees, top-notch client service, robust risk management, transparency, sound operational infrastructure, and a safety guarantee for custody of and institutions assets.
E-Insurance: When will the insurance industry adopt modern communication tools?
February 14, 2012
ATMs could distribute prepaid Visa cards
January 23, 2012
PayPal can thrive as a standalone company
January 9, 2012
Europe's CO2 Emissions Trading System works, but it can be improved
December 16, 2011
European women wonder why their insurance premiums will increase
December 15, 2011