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

23 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

An excellent collection of bank branding visuals: http://ning.it/bfQWH2 5 hours ago

Latest Activity

Jesse Torres commented on JJ Hornblass's blog post 'Fixing the Bank Brand Nightmare'

As a community bank CEO, I love to hear stories on my Facebook page about other banks charging non-customers $5 to cash on-us items. In fact, as a community banker, my greatest competitive advantage against the too-big-to-fail banks is their inabili…

1 hour ago

Tim_Cleveland commented on JJ Hornblass's blog post 'Breaking the Small Business Banking Catch 22'

I doubt you will regret it, JJ. To turn a phrase "This IS your grandfathers Bank." If it is like it was with my Grandfather and his banker, perhaps you will be finding yourself a new golfing/bowling/poker/drinking/etc. buddy in your new banker. Keep…

3 hours ago

shared the news Square Now Being Used For Mobile Payments At Po...

(via NewsShare)

3 hours ago

shared the news Wachovia Bank, N.A. Settles Previously Disclose...

(via NewsShare)

4 hours ago

shared the news Loan-Loss Provisions Hurt Sberbank - WSJ.com

(via NewsShare)

5 hours ago

An excellent collection of bank branding visuals: http://ning.it/bfQWH2

5 hours ago

2 blog posts by JJ Hornblass were featured

5 hours ago

JJ Hornblass added 2 blog posts

8 hours ago

Jeffry Pilcher commented on JJ Hornblass's blog post 'Fixing the Bank Brand Nightmare'

Okay, if my suggestion to educate consumers about cap ratios is stupid, then does anyone have a better idea regarding how to express and communicate a financial institution's safety and soundness? What are you going to do...talk about FDIC insurance…

14 hours ago

shared the news Judge Dismisses CIBC Subprime Suit - WSJ.com

(via NewsShare)

yesterday

Wal-Mart to Add 400 Money Centers, Vies for Bigger Chuck of the Fringe Banking Market: http://ning.it/bb41Kh

yesterday

JJ Hornblass added a video

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