JJ Hornblass New York, NY United States: Share; Share on Twitter; Share on Facebook

JJ Hornblass's Apps (3)

JJ Hornblass's Friends

View All

JJ Hornblass's Groups

SME Capital Formation

10 members
Banks and Alternative In…

6 members

Partnership Programs

22 members
Bank M&A

25 members

Repossession Strategy

7 members

View All

JJ Hornblass's Discussions

CFPA Within Treasury or Fed: Teeth or Toothless?

Started Mar 3

Reactions to the Surprise Rate Increase by the Fed
1 Reply

Started this discussion. Last reply by Chris Duncan Feb 19.

Was BAC and C 'Profitability' in Jan/Feb a Sham?

Started Mar. 30, 2009

View All

JJ Hornblass's Events

JJ Hornblass's BankInnovation.net Homepage

Lindsey Lohan Sues E*Trade for $100 Million: http://ning.it/9778qm Mar 10

Latest Activity

Shaun Miller, MBA CISM joined JJ Hornblass's group

Risk Management

Risk management is of paramount importance for banks, particularly in this post-credit-crisis era. This group is dedicated to advancing risk management practices and procedures.

2 hours ago

2 blog posts by JJ Hornblass were featured

3 hours ago

JJ Hornblass added 2 blog posts

3 hours ago

Frank Rauscher commented on JJ Hornblass's blog post 'That's Your Banker Knocking on Your Front Door'

It takes leadership to change! No change = no leaders!

5 hours ago

JJ Hornblass commented on JJ Hornblass's blog post 'That's Your Banker Knocking on Your Front Door'

Frank, I am in absolute agreement. I think the impediments that banks put up do much harm to banking broadly, and the benefits banks reap from those impediments are far, far outweighed in the long run by the damage such posturing inflicts on the ban…

yesterday

Susan Wilson commented on JJ Hornblass's blog post 'That's Your Banker Knocking on Your Front Door'

Oddly enough, banks find the time and money to send a representative to someone's house when it's a debtor that's late on their loan or mortgage payment. I know a number of banks that pay individuals just to go door to door scotch taping handwritten…

yesterday

Frank Rauscher commented on JJ Hornblass's blog post 'That's Your Banker Knocking on Your Front Door'

JJ, Agreed. However, they may want to start within their own bank to see how difficult they have made it for their customers to leave. I could name banks where the time to transfer just an IRA could take well over 6 months through intentional plans…

yesterday

JJ Hornblass might attend Erica Namtalov's event

e-Finance Marketing & Innovation Conference at New York, NYC

June 20, 2010 to June 23, 2010

Save $300 if you mention promo code CDR526 As the financial services industry continues to recover from huge setbacks of 2008 and 2009, marketing departments must achieve corporate buy-in while focusing their attention and budgets on the latest onl…

yesterday

JJ Hornblass commented on JJ Hornblass's blog post 'That's Your Banker Knocking on Your Front Door'

Frank, whether banks' products are fair or appropriate or even useful, while a fair question, is beyond the scope of my post. My message was that bankers can provide a better service and address a core challenge -- the pain induced when consumers tr…

yesterday

Frank Rauscher commented on JJ Hornblass's blog post 'That's Your Banker Knocking on Your Front Door'

First, the consumer house calls which you correctly dismissed. Let’s pretend that one of the big New York City banks initiated consumer “house calls”. What would they discuss? On the asset side of the customer’s balance sheet, they could discuss all…

yesterday

A blog post by JJ Hornblass was featured

That's Your Banker Knocking on Your Front Door

Even in Manhattan, where I live, there are few professions that serve its client base through house calls. Just the notion of the house calls conjures up some Norman Rockwellian image of America long, long gone. Yet, the most forward of all industr…

yesterday

JJ Hornblass added a blog post

That's Your Banker Knocking on Your Front Door

yesterday

Profile Information

Corporate Title

President & CEO

Company

Royal Media Group

Gifts Received (1)

Bottled Beer From Rajeshwaran

JJ Hornblass's Blog

Comment Wall (40 comments)

You need to be a member of BankInnovation.net to add comments!

Join BankInnovation.net

At 10:38am on February 12, 2010, Karen Marotta said…: Hi JJ - MacMillan Communications is a financial services public relations firm based in New York. We have clients in banking, so I'm interesting in the issues sparking conversation on this site.

At 3:16am on December 3, 2009, Abhishek Das said…: I don't see any drastic credit crunch in the middle east or in Dubai in the near future. Banks in the middle east have very less exposure to the debts of Dubai world. The primary lenders to Dubai world are the European banks, mainly consisting of HSBC, RBS, Standard Chartered & Lloyds. So the effect is very minimum to the local banks here.

The economic fundamentals of UAE is very strong and there is enough liquidity in the system. Moreover the UAE central bank, more specifically Abu Dhabi, has assured banks of extra liquidity whenever needed. Abu Dhabi is still sitting on liquid reserves of more than $800 billion, largely accumulated from previous years budget surpluses. So credit for the SME sectors will not be a problem.

But yes, Credit for big projects, specially from European and Asian banks will be under more scrutiny as there is a lot of negativity & fear in the market.
Having said all that..... I am also a bit worried if 'Dubai world' will be able to pay back without huge sale of its asset, as generating such huge revenue from its business, which solely depends on luxury real estate, will be tough.

At 6:52pm on December 2, 2009, Abhishek Das said…: The Dubai world group consists of several companies like Nakheel, limitless world, Infinity World Holding, Istithmar World and Ports, DP World, P&O Ferries and Jebel Ali Free Zone. Of which except Nakheel and Limitless world holding, all are profit making.

Dubai World has an asset base of total $100 billion, and a debt of $ 59 billion as on DEC 31 2008. But the company has repaid and drastically reduced its total debts to $26billion as on 1st Dec 2009. So the total value of debt carried by the company subject to the restructuring process is only $26 billion of which $6 billion relates to the Nakheel Sukuk(Islamic Bond issued to public). So we can see that exposure of banks to Dubai's debt is only around $20 billion much less than the previously thought $59 billion.

The government of Dubai said it had taken control of restructuring efforts at Dubai World and would ask for a six-month standstill on debt payments. The Restructuring of Dubai world would mean some of its asset may be sold which include Turnberry golf course in Scotland and the former cruise ship 'QE2'.
To boast up market sentiment, the Central bank of UAE has said it will provide banks with extra liquidity.

At 9:21am on November 20, 2009, Rajeshwaran gave JJ Hornblass a gift…: Bottled Beer
Hi Hornblass, Thanks for the invitation, Was fishing in the net for this type of forums. Would like to gift you a Bottled Beer. Thanks www.skyluxinc.com
From the Gift Store