Banking Current Events Economic Outlook Globalization

GTNews: Credit Crisis Spotlight

Timely articles at GTNews: Europe's Response to the Market MeltdownSanjima DeZoysa, Editor, gtnewsIn Europe, it's every country for itself as the continent reacts to the credit crunch. Depositor guarantees and state intervention are the key talking points right now, but what does this mean for the future of Europe's banks and financial institutions? Effective Risk […]

Uncategorized

Dr. IBM Has a Cure for your Global Finance Department

[via CFO.com]  Managing the finance infrastructure of a large global company is a messy, convoluted business. Regulations and proesses vary from country to country. Redundancy and inefficiency plague the global treasury and finance departments of multinationals. Now IBM has a cure: Enter IBM, with software that attempts to normalize and standardize the complex process of […]

Economic Outlook

Global Repercussions of the Credit Crisis (The Economist)

This week The Economist has a sobering article on the global impact of the credit crisis that contains pragmatic recommendations for government cooperation (easier said than done). By some measures, many European banks look more vulnerable than their American counterparts do—and that is saying quite something, given the past week’s forced sale of Washington Mutual, […]

Finance

Fed to Purchase Commercial Paper

Today's big news (at least so far)… efforts turn to addressing the shortage of short term liquidity. [Read the Fed Announcement] via Bloomberg:      Oct. 7 (Bloomberg) — The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding […]

Finance

CFOs Battle the Financial Crisis (a case study)

The WSJ features a case study of Alfred Giammarino who took over as CFO at FairPoint Communications Inc. a month ago and "was promptly hit by the worst financial tsunami since the Great Depression." "This is a period when you really can't take anything for granted," he said. And he expects the challenges to grow […]

Current Events Economic Outlook Regulatory Environment

Behind the Scenes Events that "Spooked Policy Makers into Action" (NYTimes)

In today's New York Times Joe Nocera explores how the credit crisis that unfolded from the morning of Sept. 17 to the afternoon of Sept. 18 spooked policy makers into action. Plus, the graphics team at the Times have done their usual outstanding job here.

Current Events Economic Outlook

A Crash Course on the Financial Crisis (WSJ)

Here's a round up of WSJ articles on the financial crisis A Main Street Rescue 09/29/08 — Congress passed this 'bailout' a long time ago. The Washington Panic 09/27/08 — The Paulson plan is a tool to avoid a deeper downturn. The Paulson Sale 09/24/08 — Taxpayers are going to put up capital one way […]

AFP Current Events Economic Outlook Research Round Up Treasury & Cash Management

Credit Crisis Impact on Corporates (AFP Research)

The Association of Financial Professionals just published research on short-term credit access for corporates. The survey was originally conducted in early September and was supplemented by a shorter survey conducted in last week to reflect evolving market conditions. Highlights: The recent turmoil in the financial markets has had a direct impact on the ability of […]

Banking Current Events Economic Outlook

Laying blame on the bankers, not government

The New York Times DealBook blog links to an article in The New Republic (published Friday) by Larry Grafstein and Jim Millstein, two managing directors at the investment bank Lazard, blaming Wall Street for the current financial mess. Excerpt from The New Republic (emphasis mine): Those on Wall Street who do not feel ashamed of […]

Economic Outlook

House Rejects Bailout Plan - Stocks Plunge

Coverage: Ongoing crisis coverage at the WSJ Interactive feature at the New York Times Bloomberg "It's pretty much a nightmare'' Now what?

Conferences & Meetings

Meet up at Finovate2008? Oct 14 in NYC

I'll be in NYC for Finnovate 2008 on October 14. Twenty-four hot new financial companies will present their new products and recent updates. They each get 7 minutes to demo – no PowerPoint allowed. If it's anything like FinnovateStartup (I live blogged that event here) it's going to be great. Here's the lineup: Details here.

Conferences & Meetings

Forte Speaks! Exploring the Intersection of Social Networks and Payments (Nov 3-4 Boston)

I'm speaking at the upcoming NEACH Payment Insights conference November 3-4 just outside Boston. My topic explores the intersection of social networking and payments: Should There Be A Social Network in Your Payments Future? What do social networks such as MySpace and Facebook have to do with banking and payments? What are Wasabe and Mint […]

Banking

Analysis of the Bailout Deal

After a weekend of negotiations Washington has come up with a Bailout deal… you can read it for yourself here. And if that's too much legalese for your taste, here's the summary (courtesy of the WSJ). Meanwhile, stocks worldwide are tumbling. Coverage: Wall Street Journal The Economist American Banker (subscription required) New York Times: news […]

Banking Women Professionals

The 25 Most Powerful Women in Banking 2008

On Friday US Banker published its 7th annual ranking of the most powerful women in banking. The list was compiled earlier this summer and some of the women no longer hold the roles they had at the time of publication (Krawcheck) and at this writing some of the banks may cease to exist, at least […]

Banking Current Events Economic Outlook Finance

Crisis on Wall Street Continued - Monday Morning Woes

The market is down sharply this morning, no surprise.Insight on the maneuvering over the weekend here. Continuously updated coverage: New York Times DealBook blog Wall Street Journal "Crisis on Wall Street" blog Bloomberg.com