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A New Cunning Plan to Allay Banking Jitters is Hatched in Spain

A New Cunning Plan to Allay Banking Jitters is Hatched in Spain But there’s a problem with the plan. The Spanish Government has a brand new cunning plan to fortify the country’s banking system, which was rocked last year by the collapse of the sixth biggest bank, Banco Popular. It wants the country’s Deposit Guarantee […]

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Italian Taxpayers To Foot €17 Billion Bill As Rome Bails Out Another Two Insolvent Banks

Italian Taxpayers To Foot €17 Billion Bill As Rome Bails Out Another Two Insolvent Banks Two weeks after the first, and biggest, European bank bail-in took place under the relatively new European bank resolution mechanism, the EBRD, when Spain’s Banco Popular wiped out the holders of its most risky securities, including equity and AT bonds, […]

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Is Another Spanish Bank about to Bite the Dust?

Is Another Spanish Bank about to Bite the Dust? Stockholders and junior bondholders fear a “bail-in.” After its most tumultuous week since the bailout days of 2012, Spain’s banking system is gripped by a climate of fear, uncertainty and distrust. Rather than allaying investor nerves, the shotgun bail-in and sale of Banco Popular to Santander […]

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UBS Warns: Spain’s “Most Italian Bank” Runs Out of Options

UBS Warns: Spain’s “Most Italian Bank” Runs Out of Options The bank-bailout business rages on. During the first week of 2017, Spain’s “most Italian bank”, Banco Popular, got off to a flying start as its stock outperformed all other major Spanish banks. By Jan 5th its shares had even crossed the €1-line for the first […]

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The Banking Crisis in Spain is Back

The Banking Crisis in Spain is Back The shares of Banco Popular got crushed. After three years of relative calm and one month before yet another round of do-or-die general elections, the words “banking” and “crisis” are back on the front pages of Spain’s newspapers. Despite the untold billions of euros of public funds lavished on “cleaning […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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