The Corner | June 28, 2015 | Seven years after the crisis, and after a widespread restructuring process, Spanish banks still need to achieve a sustainable business model, the country’s central bank governor said.
The Corner | June 25, 2015 | As EU finance ministers are meeting for a second scheduled summit today, European equities opened lower: markets are cautiously optimistic for a deal between Greece and its creditors.
The Corner | June 17, 2015 | The Federal Open Market Committee’s policy statement, due to be released today at 1800 GMT, is widely expected to signal a first rates’ hike in September. For the first time in eight years the outcome of the meeting is not constrained by the “forward guidance” commitment. Is the US economy healthy enough?
The Corner | June 17, 2015 | Only qualified foreign investors (QFI) managing at least $5 billion in assets will obtain licenses to buy stocks in the Middle East’s largest stock market.
LONDON | June 16, 2015 | BNP Paribas | The pricing power of corporates is still low at the global level as sizeable excess capacity remains. Nevertheless, it is not all bad for companies.
CAMBRIDGE | June 15, 2015 | By Prof. Jagjit S. Chadha via Deutsche AWS | Could rising rates choke off the recovery or have post-crisis wounds healed sufficiently for the global system to take tightening policy in its stride?
MADRID | June 14, 2015 | By JP Marín Arrese | We take for granted that close to zero rates remain the driving force for delivering growth. The massive liquidity pumped in by Central Banks in developed countries has led to this widespread belief on the merits of cheap money. But such manna brings with it a number of drawbacks.
LONDON | June 12, 2015 | Barclays | On 18 June, the ECB will conduct its fourth TLTRO. At the previous three operations, the ECB allotted a total of €310bn. We expect a take-up of about €80bn at the upcoming operation.
BEIJING | June 11, 2015 | By Zhang Yu and intern reporter Han Hui via Caixin | Financial institutions have become more cautious about lending money to investors playing the Chinese A-share market, which is seeing its strongest rally in nearly eight years even as analysts issue warnings of a collapse.
MADRID | June 11, 2015 | By Francisco López | The appointment of Spanish Economy Minister Luis de Guindos as president of the Eurogroup was a sure bet until the Dutch finance minister and current Eurogroup chief said he will stand for the post again. Possibly affected by this bad news, Mr De Guindos made a very unfortunate intervention about the Spanish banking sector’s restructuring.