Results for Banks
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European Court of Justice Ruling Weighs on Italian Banks

July 19, 2016
The European Court of Justice upheld the principle of making creditors bear the burden for investment in banks that sour before government funds can be used.    Italian banks are particularly sensitive to the ruling, which cannot be appealed because the European Banking Authority and European Central Bank stress tests on July 29 are expected to sh…
European Court of Justice Ruling Weighs on Italian Banks European Court of Justice Ruling Weighs on Italian Banks Reviewed by Marc Chandler on July 19, 2016 Rating: 5
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Three Developments in Spain

July 13, 2016
With Brexit, the pressure on Italian banks, and the surge and then sell-off in the yen, Spain may have been pushed off some investors' radar screens.   There are three important developments to note. 
The first is related to Spanish banks.  The Advocate-General of the European Court of Justice (ECJ) opined today that Spain could impose a time …
Three Developments in Spain Three Developments in Spain Reviewed by Marc Chandler on July 13, 2016 Rating: 5
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New Wrinkle in European Bail-In Efforts

July 11, 2016
After the 2007-2008 bank recapitalization by governments, which means taxpayers' money, Europe changed the rules.  The new rules require that private investors are "bailed in" before the bank is "bailed out."  
Europe's fastidious with rules allows for exceptions and flexibility.  Italy is pushing for this flexibility no…
New Wrinkle in European Bail-In Efforts New Wrinkle in European Bail-In Efforts Reviewed by Marc Chandler on July 11, 2016 Rating: 5
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Great Graphic: More Thoughts on Banks

July 07, 2016
Italian banks were struggling before the UK referendum.  The result drove down interest rate, which keeps margins under pressure. The prospects of weaker growth as a result of Brexit means that demand for credit will remain soft.  At the same time, the ECB's stress test at the end of the month looms large.
We created three Great Graphics on Bl…
Great Graphic: More Thoughts on Banks Great Graphic:  More Thoughts on Banks Reviewed by Marc Chandler on July 07, 2016 Rating: 5
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