Saturday 31 December 2011
Monday 19 December 2011
Friday 16 December 2011
Aksel BratvedtTuesday 6 December 2011
Impressive design
Aksel BratvedtI personally thought that this interior design was simply perfect! Very artistic in a very simple way..
by the way, the photo above is not from Aksel bratvedt, it came from google.com
Monday 28 November 2011
Beach day!
Aksel Bratvedt
Aksel Bratvedt
Aksel Bratvedt
Aksel Bratvedt
Aksel BratvedtThis year was really a big blessing to me and to my family so we decided to took on a thanksgiving vacation. We had a really great time and the kids really enjoy all our activities! Well, a little bit disastrous beacause I broke my ankle, but all in all it was FUN! Here are some of the great spots!
Aksel BratvedtBad Bank - Quick Reference, By Aksel Bratvedt
Having had a lot of experience with bad banks and Bad Banking in Norway in the eighties, I feel a short reference is best placed as follows :
A band bank broadly speaking is a bank set up to buy the bad loans away or out of a bank with significant nonperforming assets at near market price. In transferring the bad assets of an institution (bank) to the bad bank, the banks thus clear their balance sheet of toxic assets, but do however take write downs. It is possible that shareholders and bondholders are left exposed and can stand to lose money from this solution . This solution does though protect the depositors (although not always fully).Ultimately Banks that become insolvent as a result of the process can be recapitalized, nationalized or liquidated.
An example of a bad bank was Grant Street National Bank, which was created in 1988 to house the bad assets of Mellon Bank. The financial crisis of 2008/9 to present has somewhat revived interest in the bad bank solution, as managers at some of the world's largest institutions contemplated segregating their nonperforming assets into bad banks. Bad banking is now considered in most cases where a primary tier 1 bank carries major toxic or non- performing assets. “Federal Reserve Bank Chairman Ben Bernanke proposed the idea of using a government-run bad bank in the recession following the subprime mortgage meltdown in order to clean up private banks with high levels of problematic assets and allows them to start lending again. An alternate strategy considered was a guaranteed insurance plan that would keep the toxic assets on the banks' books but eliminate the banks' risk and pass the risk on to taxpayers.”
By: Aksel Bratvedt Senior Bad Bank Consultant
A band bank broadly speaking is a bank set up to buy the bad loans away or out of a bank with significant nonperforming assets at near market price. In transferring the bad assets of an institution (bank) to the bad bank, the banks thus clear their balance sheet of toxic assets, but do however take write downs. It is possible that shareholders and bondholders are left exposed and can stand to lose money from this solution . This solution does though protect the depositors (although not always fully).Ultimately Banks that become insolvent as a result of the process can be recapitalized, nationalized or liquidated.
An example of a bad bank was Grant Street National Bank, which was created in 1988 to house the bad assets of Mellon Bank. The financial crisis of 2008/9 to present has somewhat revived interest in the bad bank solution, as managers at some of the world's largest institutions contemplated segregating their nonperforming assets into bad banks. Bad banking is now considered in most cases where a primary tier 1 bank carries major toxic or non- performing assets. “Federal Reserve Bank Chairman Ben Bernanke proposed the idea of using a government-run bad bank in the recession following the subprime mortgage meltdown in order to clean up private banks with high levels of problematic assets and allows them to start lending again. An alternate strategy considered was a guaranteed insurance plan that would keep the toxic assets on the banks' books but eliminate the banks' risk and pass the risk on to taxpayers.”
By: Aksel Bratvedt Senior Bad Bank Consultant
Thursday 24 November 2011
Happy Thanksgiving!
Do you have any plans for thanksgiving? Every one was excited, but not everyone knows how to cook special dinner for this very wonderful occasion. So here is a simple recipe that might be helpful for you and your family! It's easy and yummy! This yummy turkey is Aksel Bratvedt all time favorite! Try it!
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Ingredients
- 1 (12 pound) whole turkey
- 6 tablespoons butter, divided
- 4 cups warm water
- 3 tablespoons chicken bouillon
- 2 tablespoons dried parsley
- 2 tablespoons dried minced onion
- 2 tablespoons seasoning salt
Directions
- Preheat oven to 350 degrees F (175 degrees C). Rinse and wash turkey. Discard the giblets, or add to pan if they are anyone's favorites.
- Place turkey in a Dutch oven or roasting pan. Separate the skin over the breast to make little pockets. Put 3 tablespoons of the butter on both sides between the skin and breast meat. This makes for very juicy breast meat.
- In a medium bowl, combine the water with the bouillon. Sprinkle in the parsley and minced onion. Pour over the top of the turkey. Sprinkle seasoning salt over the turkey.
- Cover with foil, and bake in the preheated oven 3 1/2 to 4 hours, until the internal temperature of the turkey reaches 180 degrees F (80 degrees C). For the last 45 minutes or so, remove the foil so the turkey will brown nicely.
Aksel Bratvedt
Aksel Bratvedt has an MSc. from the Physics Department at the Norwegian Institute of Technology . His thesis was on how to calculate the probabilities for cost overruns on the development of the Statfjord fields for the Norwegian oil company Statoil.
Mr. Bratvedt also holds an MBA from the University of California at Los Angeles (UCLA) with focus on finance.
His career started out in banking/investment banking. Firstly he was employed as manager in the shipping department of Bergen Bank in Oslo where he was involved in the financing of ships and oil rigs. In the mid-eighties he was an executive in Hambros Bank in London selling all the services of the bank to the large number of Norwegian corporate clients. The period in Hambros was of great importance giving him a good general knowledge of investment banking services as he spent time in each business area of the bank.
Aksel Bratvedt was a founding partner in Elcon Partners/Securities, one of the first investment banks in Norway. Apart from property financing and creative ship financing he was involved in the defence of one of the most high profile take-over battles in Norwegian corporate history. Altogether Mr. Bratvedt has spent more than 6 years in corporate finance.
With base in Stockholm Aksel Bratvedt has been for 11 years involved in strategy and organisational consulting for CEOs in large companies. The companies have mainly been Swedish and Finnish multinationals. He has also been in house consultant in Ericsson engaged in global customer strategies and development of 3G strategies. His consulting experience has also included acting as advisor for large private equity firms on their investment cases.
During the banking crisis in Sweden in the nineties Mr. Bratvedt was advisor to the CEO of one of the two bad banks that was set up by the government to deal with the large number of non-performing loans. His responsibilities were to advise the CEO on the strategy, organisation and the work out processes and systems for the bad bank. The engagement lasted for nearly 3 years.
Over the last years Aksel Bratvedt has been engaged in developing high growth companies as a CEO and Executive Chairman. He has also in the period been involved as a consultant in strategy and organisation projects for various companies.
Aksel Bratvedt is permanent resident in London where he has been for the last nine years and focuses on developing international growth companies in a number of different industries. His strength is his wide experience from investment banking, management consulting to operations and corporate governance.
Mr. Bratvedt also holds an MBA from the University of California at Los Angeles (UCLA) with focus on finance.
His career started out in banking/investment banking. Firstly he was employed as manager in the shipping department of Bergen Bank in Oslo where he was involved in the financing of ships and oil rigs. In the mid-eighties he was an executive in Hambros Bank in London selling all the services of the bank to the large number of Norwegian corporate clients. The period in Hambros was of great importance giving him a good general knowledge of investment banking services as he spent time in each business area of the bank.
Aksel Bratvedt was a founding partner in Elcon Partners/Securities, one of the first investment banks in Norway. Apart from property financing and creative ship financing he was involved in the defence of one of the most high profile take-over battles in Norwegian corporate history. Altogether Mr. Bratvedt has spent more than 6 years in corporate finance.
With base in Stockholm Aksel Bratvedt has been for 11 years involved in strategy and organisational consulting for CEOs in large companies. The companies have mainly been Swedish and Finnish multinationals. He has also been in house consultant in Ericsson engaged in global customer strategies and development of 3G strategies. His consulting experience has also included acting as advisor for large private equity firms on their investment cases.
During the banking crisis in Sweden in the nineties Mr. Bratvedt was advisor to the CEO of one of the two bad banks that was set up by the government to deal with the large number of non-performing loans. His responsibilities were to advise the CEO on the strategy, organisation and the work out processes and systems for the bad bank. The engagement lasted for nearly 3 years.
Over the last years Aksel Bratvedt has been engaged in developing high growth companies as a CEO and Executive Chairman. He has also in the period been involved as a consultant in strategy and organisation projects for various companies.
Aksel Bratvedt is permanent resident in London where he has been for the last nine years and focuses on developing international growth companies in a number of different industries. His strength is his wide experience from investment banking, management consulting to operations and corporate governance.
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