By Tania Suárez, Madrid | European markets suffered form a slight contraction on Wednesday whereas the U.S. stood firm, not influenced by the European weakness nor the consumer confidence data and the Richmond. Barclays team suggest that money supply data meant both good news and bad news. Good ones first: “The trend in Europe is to raise liquidity, and usually (not always), that is associated with an economic recovery.” According…
Andrew Pollen is an MBA student at Esade Business School in Barcelona currently based in San Francisco. He writes for The Fair observer and has granted us permission to reproduce this article on why Europe can copy the business models, but not the essence, of Silicon Valley.
The draft RDL for bank restructuring and resolution is expected to be passed next Friday in Spain. Aimed at preventing new banking catastrophes, the new legislation gives the Bank of Spain and the state-backed Fund for Orderly Bank Restructuring (FROB) new powers to intervene before crises erupt. Morgan Stanley believes the new decree law will drive further consolidation in the sector, which together with extensive liability management at weaker entities,…
Renowned scholar on EU law, Gunnar Beck was an adviser to the House of Commons, a practicing barrister and a professor at the School of Oriental and African Studies in London. He believes that Germany’s guilt complex and short-term reasoning will lead her to continue defending the euro, while Chancellor Merkel’s policies show that Germany has still not become a properly sovereign and democratic nation yet. This article was recently…
CAPITAL MADRID, José Sánchez Mendoza.– Pay more, almost double, but with a comfortable loan that covers all or most of the amount. It’s a win-win situation, don’t you think? Though it may seem, this is not the lamp seller in a Moroccan bazaar’s talking but the candy that banks put in front of consumers to get rid of the housing stock that hampers their balance sheets. According to a study…
Asked about what would make them more likely to make capital investments in the next 12 months, 70 percent of U.S. small-business owners point out to three circumstances: a better sales outlook, more certainty about their operating environment, and lower federal taxes. According to the Wells Fargo-Gallup Small Business Index released by Gallup, that has surveyed small-business owners on current and future perceptions of their business financial situations, some of…
By CaixaBank research team, in Barcelona | Economic slowdown is difficult to stabilise within a context of rising uncertainty that hampers aggregate demand. Economic activity slowed down in the first quarter of the year with negative growth of 0.1% year-on-year, as shown by the detailed figures for gross domestic product in the first quarter. Private consumption continues to adjust, shrinking by 0.6% year-on-year. Gross fixed capital formation has also decreased…
FLORIDA | with informations from Brian Bandell | City National Bank of Florida reported improved earnings in the second quarter of the year as it announced plans for four new branches. The Miami-based bank earned $10.3 million in the second quarter, up from $9.4 million in the first quarter. Its net interest income grew to $30.6 million in the second quarter from $30.2 million. Still, figures are 8.8 percent lower than last year in the same…
LONDON | Ratings agency Fitch released on Monday the conclusions of its latest survey of the opinions of a hundred fixed-income asset managers with an estimated $7.2-trillion business volume. More than 80% of respondents work at the top 20 and 50 investing houses in Europe, so their views on the euro zone’s future are meant to be telling. And they are: fiscal integration is seen as the final station of…
By Luis Arroyo, in Madrid | German Chancellor Angela Merkel the executioner recently said that austerity is the right path, and that Canada should provide a good enough example for non-believers. Should we have a closer look into her claims?, of course we must. Unfortunately for her, it clearly appears to be the case that Canada’s success has been supported by a monetary policy absolutely at odds with the European Central…