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Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss
Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss Too-Big-To-Fail Santander is also one of the Eurozone’s worst capitalized banks. Banco Santander, Spain’s largest lender and one of the Eurozone’s eight global systemically important banks (G-SIBs), has posted its first ever loss in 163 years of operations. And it was gargantuan. During the first […]
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level
European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters. The biggest European banks have started to report their earnings against a […]
The Real Reason US Central Bankers Cannot Raise Interest Rates for the Rest of 2019
The Real Reason US Central Bankers Cannot Raise Interest Rates for the Rest of 2019 The real reason why the US Central Bank cannot raise interest rates can traced back to eight simple words – their response to the 2008 global financial crisis. US Central Bankers reached a crossroad of responsibility versus socialism for the […]
The Eurozone Banks’ Trillion Timebomb
The Eurozone Banks’ Trillion Timebomb Eurozone banks have fallen dramatically in the stock market despite the results of the stress tests carried out by the ECB, and the EU Banks Index is down 25% on the year despite year-long bullish recommendations from almost every broker. This should not surprise anyone because we have seen in […]
State of European Banks: The ECB View vs Reality
State of European Banks: The ECB View vs Reality The ECB would like you to believe the European banking system is sound and banks are better regulated. They aren’t. Ten years after Lehman there are numerous statements from bureaucrats, academics, media and others that banks are now better regulated, more solid and liquidity problems vanished. […]
Deutsche Bank’s Troubles Raise Worries About the Future of the Euro Zone
DEUTSCHE BANK’S TROUBLES RAISE WORRIES ABOUT THE FUTURE OF THE EURO ZONE The euro banking sector is huge: In April 2018, its total balance sheet amounted to 30.9 trillion euro, accounting for 268 per cent of gross domestic product (GDP) in the euro area. Unfortunately, however, many euro banks are in lousy shape. They suffer […]
ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”
ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb” In late 2017, the ECB surprised central bank watchers, briefly spooked markets, and angered many Italians, with its plan to eradicate what many have dubbed the “ticking time-bomb” at the heart of the Eurozone, namely the roughly $1 trillion in non-performing loans across European banks […]
Many European Banks Would Collapse Without Regulators’ Help: Fitch
Many European Banks Would Collapse Without Regulators’ Help: Fitch Only two things keep these banks alive: “a State willing to support them and a regulator that does not declare them insolvent.” Dozens of Greek, Italian, Spanish and even German lenders have volumes of troubled assets higher or similar to that of Spain’s fallen lender Banco […]
Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here
Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is […]
Why a selloff in European banks is ominous
Why a selloff in European banks is ominous Europe’s bank index has posted its longest weekly string of losses since 2008 Everett Collection Dark clouds are gathering around Europe’s banking sector. European banks have been caught in a perfect storm of market turmoil, lately. Lackluster profits and negative interest rates, have prompted investors to dump shares […]
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus bank bail-ins that […]
Europe’s Banks – Insolvent Zombies
Europe’s Banks – Insolvent Zombies The Walking Dead Now that Europe’s fractionally reserved banking system has been regulated into complete inertia, it is a good time to assess the current bottom line, so to speak. We should mention here that there are essentially two ways of dealing with the banking system. One is to introduce […]
