Temple Associates
Advice for Fund Managers, Securities and Banking Firms
17 Dec 2012
Banks: Time to get out of Europe!
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Recently 500 (in words: five hundred!!) policemen were delegated to conduct a search at Deutsche Bank's headquarters. Anyone with half ...
14 Dec 2012
Merger Blues: Another day, another Write-off
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Now it is Legg Mason's turn to eat humble pie and write off a major junk of its investment in Permal , the hedge fund group. No blame s...
Man Group faces huge write-off on Acquisition
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It was clear to me from the outset that the decision by Man Group to acquire the hedge fund GLG was more out of desperation (to diversity, ...
13 Dec 2012
Libor: The Shakedown gathers steam
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When I originally commented on the Libor 'Scandal' I got a surprisingly strong reaction from readers - even those that normally ar...
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11 Dec 2012
Distastrous Acquisitions
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Rumors have it that Bank Austria may lose nearly 80 pct of the more than $US 2.2 billion that it paid for Kazakhstan's ATF bank in 2007...
Scandalous Regulators
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Anyone who thinks that I take too negative a view of the 'efforts' of the regulators should have a look at this article. ( Mises I...
10 Dec 2012
FSA: Jobsworth at the controls!
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Jobsworth: "a person who uses their job description in a deliberately uncooperative way, or who seemingly delights in acting in an obst...
'Britain' tightens grip on foreign banks
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Reads a headline in today's Financial Times. This is a n other brilliant idea to weaken the position of the City of London as a financi...
6 Dec 2012
Derivative Timebomb - still not defused
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Talk, talk, talk - that is all the regulators and their political puppet masters seem to provide with respect to the derivatives market. Cou...
Bureaucrats take over the Banking Industry
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While there are other reasons that 'banks do not want to lend' (such as lack of suitable borrowers) the nitpicking and intrusive reg...
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