CoCos May Not Be As Good As They Look…But Investors Don’t Care

The European banks are having nothing but trouble in the last few months. And if they needed something else to further cloud their outlook – negative interest rates, meagre margins, increasing capital demands…- doubts have begun to emerge lately over whether the sector can continue to pay the high interest on the so-called CoCos (Contingent Convertible Capital Instruments), contingent convertible bonds.


Spain’s Inactive Population Data Casts Doubts Over GDP Figures

Spain is the country with the highest quality of inactive population in Europe. In other words, people who are of working age, but are not looking for a job. The 18 million people in work maintain the 4.8 million jobless, as well as the inactive. There are are total of 38 million people of working age, 20 million of whom are jobless or inactive.
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Should Banks Be The Cheapest Sector In The World?

UBS | With 1Q16 results over it is time to take stock. European banks are down 18% YTD against a market 5% lower, with continuing hair-raising volatility in parts of the banks index. Our estimates changed surprisingly little during results: interesting considering the bearishness of many investors we meet.

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