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jerryking : financial_institutions   10

Investing in Africa Can Be a Challenge -- But Good Deals Are on the Horizon - Knowledge@Wharton
March 09, 2005 in Knowledge@Wharton

Private-equity investors haven't fared much better than money managers who buy shares in public companies, according to Runa Alam, chief executive of Zephyr Management Africa, the South Africa-based subsidiary of a New York investment company. Like Oyeleke, she stressed that African companies have few venues for raising public money: "You have Johannesburg and London." Unlike Oyeleke, she argued that investors have plenty of deals to choose from. Her firm looked at more than 50 last year alone. But she pointed out that these deals tend to be concentrated in a few countries -- Nigeria, Egypt and South Africa -- and a few sectors, such as telecom, financial institutions and resource extraction.
Africa  challenges  economic_development  investing  investors  Kenya  Nigeria  resource_extraction  private_equity  funding  Egypt  South_Africa  telecom  financial_institutions 
june 2012 by jerryking
First nations new focus for Canada’s banks
Jun. 15, 2011 The Globe and Mail GRANT ROBERTSON. Ottawa’s
plan to pay out billions of dollars in land claim settlements to first
nations bands over the next several years, along with changes to the
mortgage market on some reserves, is opening up a lucrative and growing
business for the country’s banking sector. The Canada First Nation Joint
Action Plan, announced last week in Ottawa, extended the government’s
plan to settle outstanding land claims, paying out roughly $1-billion a
year to bands that are owed money. The reserves that are in line to
receive those payouts must line up a bank to manage that injection of
funds. This has spawned a burgeoning niche in Canadian banking, as
financial institutions compete for the right to manage that money
through their wealth management and trust divisions. Bank of Montreal,
Royal Bank of Canada, Toronto-Dominion Bank and Peace Hills Trust are
among the financial institutions now focusing on aboriginal banking as a
fast-emerging market.
banking  land_claim_settlements  BMO  RBC  action_plans  TD_Bank  financial_institutions  money_management  wealth_management  aboriginals  Altruvest 
june 2011 by jerryking
Illness as Economic Metaphor - WSJ.com
JUNE 20, 2009 | Wall Street Journal | By MICHAEL MILKEN and JONATHAN SIMONS. The first rule, as always, is do no harm.

"[There's] a remarkable alignment between treatment regimens for sick economies and sick people. In both cases, it's important at some point to let the patient's immune system carry the load of recovery. Overtreatment is bad medicine.

Before the 1970s, our economy's "immune system" resided in financial institutions, especially banks and insurance companies. Companies looked to these institutions for capital that could restore growth and create jobs whenever the economy got sick. Beginning with the 1974-75 recession, however, capital markets took over the healing function; equity and bond markets provided the "antibodies" that corporate America could depend on to fight off the infection of recession.

Economies that lack the crucial immune-system component of a corporate bond market tend to suffer longer, deeper recessions. The most obvious case in point is Japan, whose banks struggled to recapitalize in the 1990s.
'70s  antibodies  capital_markets  deleveraging  economic_downturn  financial_institutions  immune_system  metaphors  Michael_Milken  overtreatment  recessions  stress-tests  
june 2009 by jerryking
Government as venture capital catalyst: Pitfalls and promising approaches
Feb 2002 |Economic Development Quarterly. Thousand Oaks: Vol. 16, Iss. 1; pg. 49, 11 pgs | by Timothy Bates.
venture_capital  failure  small_business  debt  financial_institutions  economic_development  San_Antonio 
june 2009 by jerryking
‘It’s a punctuation point in history’ - The Globe and Mail
May. 26, 2009 | Globe & Mail | moderated by Noel Hulsman,
special reports editor for Report on Business. Roundtable panel
exploring ways of moving the economy forward with regards to leadership,
restoring trust to the financial system and new opportunities. Panel
includes Pierre Pettigrew, former Minister of Foreign Affairs and former
vice-president of Samson Belair/Deloitte & Touche International;
Don Tapscott, chairman of business think tank nGenera Insight and author
of Grown Up Digital: How the Net Generation is Changing Your World ;
Doug Steiner, chairman and CEO of Perimeter Financial Corp.; and
Jennifer White, entrepreneur-in-residence at MaRS Discovery District.
panels  economic_downturn  leadership  opportunities  financial_institutions  financial_system  Doug_Steiner  panel_moderation 
june 2009 by jerryking
globeadvisor.com: Two credit union bodies set to merge
Thursday, April 26, 2007 | The Globe & Mail | by RICHARD
BLACKWELL

two of the largest credit union organizations in the country are about
to tie the knot, creating a new co-operative financial powerhouse.

Credit Union Central of Ontario and Credit Union Central of British
Columbia are in the last stages of talks that will likely result in a
merger this fall, creating a huge new entity with assets of more than
$7.4-billion.
co-operatives  credit_unions  mergers_&_acquisitions  financial_institutions 
may 2009 by jerryking
Preparing for the Next Crisis: Preventing the Next Fire While This One Blazes
MARCH 12, 2009 WSJ column by by DAVID WESSEL. Identifies some
fundamental questions that should be addressed as officials think
through improvements to the financial regulatory framework.

Preventing all future crises is not the goal. That would be the equivalent of banning stoves and furnaces: We'd have fewer destructive fires but we'd be cold and miserable. The goal is to prevent mishaps from burning down the world economy. Here are three of the threshold questions that need pondering:

(1) Who shall be saved, and who shall be allowed to die?

(2) How paternalistic should regulation be, and who should be the parent?

(3) Can we install air bags in the financial system that deploy automatically?
circuit_breakers  crisis  David_Wessel  financial_crises  financial_institutions  financial_system  frameworks  hard_questions  hard_choices  preparation  questions  regulation  regulators  think_threes  triage 
march 2009 by jerryking
Bankers Need More Skin in the Game: Glassman and Nolan Say Private Partnerships Would Increase Risk Aversion Among Executives - WSJ.com
FEBRUARY 25, 2009 | Wall Street Journal | byJAMES K. GLASSMAN
and WILLIAM T. NOLAN. Op-ed piece.

(1) Partnerships may be a more trustworthy business model than
corporations.
(2) Alfred Chandler, the great business historian, said that "strategy
determines structure." Similarly, structure determines behavior.
Wall_Street  financial  crisis  risk-taking  risk-management  partnerships  financial_institutions  strategy  strategic_thinking  organizational_structure  behaviours  trustworthiness  risk-aversion  risk-preferences  skin_in_the_game  risks  Alfred_Chandler  human_behavior  business_history 
february 2009 by jerryking

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