Articles by The Corner




Caixabank's eyes DB's subsidiary

Caixabank eyeing Deutsche Bank’s Spanish business

Caixabank has informed Deutsche Bank’s management team of its interest in the German bank’s Spanish subsidiary in the event of a sale. The approach was made in 2016, before Deutsche Bank reached an agreement with the US Department of Justice to reduce the fine for selling “subprime” mortgages to $7.2 billion


Fed's vs ECB's rates increase

Fed vs ECB: Rates Gradually Rising In US As Markets Increase Them In The EU

J. L. M. Campuzano (Spanish Banking Association) | The Fed raised rates yesterday, basically reducing the expansive nature of monetary policy. After listening to ECB board member Praet’s at a G20 meeting, it doesn’t look as if the ECB will raise rates quickly. But conditions could present themselves which favour a change in bias in monetary policy.


EU renewable's 2020 target

EU on right path to achieve 2020 renewables target

Daniel Stemler | According to Eurostat, the EU’s statistical office, the union is on track to meet its 2020 renewables target. Spain’s share of renewables in gross final consumption of energy is 16.2% share, so only 3.8% of its 20% target.

 



Elections in Netherlands

Netherlands’ Elections: Not much danger for the EU

Today the Dutch will hold parliamentary elections. The importance of the results in Holland has not so much to do with the eurosceptics’ access to the country’s government being blocked by the rest of the parties. But rather its interpretation as being key to the upcoming French elections, something which many analysts believe is erroneous.


Deutsche-Bank

Deutsche Bank: Wait (sell, 16% Downside)

The company is a great business that can raise €8bn to essentially hand over the proceeds to the US courts without destroying its market cap (c.-10% on the news). “Hats off then to Mr Cryan, the CEO of Deutsche Bank, for keeping the benefits of the doubt for more than a year into the job”, says Carax- Alphavalue’s analysts.


monetary normalisation

Preparing For The Start Of Monetary Normalisation In Europe

J.L Campuzano (Spanish Banking Association) | What is clear from ECB President Mario Draghi’s speech last Thursday is that investors consider we are closer than farther away from the start of monetary normalisation against a backdrop of economic optimism.