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The challenge for a fund manager is to figure out which issuers will be able to pay their investors and survive, and which may default on their debt.
The banks will concentrate more on bread-and-butter lending like mortgages and cut down their exposure to other long-dated assets; a few lucky corporate issuers will be able to pick and choose how they get their capital; everything else will have to rely more on other sources of finance.
Some analysts say mono-line credit-card issuers will be able to manage the downturn better because they're highly focused and use sophisticated underwriting strategies, while others say that large regional banks like First Union and Wells Fargo will benefit from diversification.
Similar(57)
Likewise, coin issuers and vendors will be able to use HullCoin transactions as a live social responsibility statement – the right-on story of a digital penny.
Any move by either U.S. banks or credit card issuers to standardize their online payment technology will be able to price PayPal out of the market.
If the issuers of a credit card know that they will be able to get away with exorbitant late charges if they can find ways to conceal them from their customers, they will have a powerful incentive to find ways to hide the charges in their contract.
Anyone who booked their flights or a Medlife holiday with any credit card or a Visa debit card will be able to reclaim their money from their card issuer.
"We will be able to count everything".
None will be able to ignore it.
Nobody will be able to afford it".
It will be able to collect taxes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com