Recapitalisation is the word, but where’s the plan?
Markets
From blackout to circus: OWS so far
NEW YORK | In four weeks, the Occupy Wall Street (OWS) movement has placed itself at the center of the American politics debate. As satirist and TV host Jon Stewart said in his Daily Show, it has caused the media to move its coverage dial from “blackout” to “circus”. Reporters from all the major networks have gone to Zucotti park to talk to the protesters. The president Barack Obama and…
Waiting for the Spanish government spokesman minister Mr Blanco's answer
Waiting for the Spanish government spokesman minister Mr Blanco’s answer
A very Chinese affair
How To Get Your Ex girlfriend Back From Barclays Capital | China's sovereign-wealth fund stepped in Monday to buy shares of the country's battered banks, which have been caught in a selloff that analysts say reflects a broader loss of trust in the integrity of corporate earnings and government statistics. The skepticism of investors comes as China has become increasingly exposed to global markets, largely through stock listings of its…
BoE, ECB prepare field for the unstoppable Greek default
At Bankinter, analysts expect markets to register a further downward move in the coming weeks. In fact, they believe that markets right now “are probably too excited by the prospects of a coordinated and positive outcome for the euro zone. In reality, the only tangible factor one could be led by to optimism is the fact that the ECB has some unconventional measures taken, but these are not decisive in…
JP Morgan to long-term investor: stock markets return to 30-year trend line
According to JP Morgan, taking the last 30 years, it appears evident that the S&P500 has an average annual return of 7.5%, which makes sense considering an average annual inflation of 3.5% coupled with an average GDP increase of 3% (as an average of the cycles), plus a modest risk premium added. “The greatest deviations in the last 30 years from this trend occurred during the tech bubble and the credit…
Agreement on collateral for Finland's contribution to the second Greek bailout
Step by step, European authorities may believe that they’re getting on with the job, but capital markets clearly dislike the speed; actually, the lack of any speed at all. The euro-group has requested further adjustment measures for 2013-2014 from Greece and wants an acceleration of privatisation plans, too. Unfortunately, it has been decided to delay the release of the €8bn sixth tranche of the first rescue of Greece beyond the initially marked date…
Agreement on collateral for Finland’s contribution to the second Greek bailout
Step by step, European authorities may believe that they’re getting on with the job, but capital markets clearly dislike the speed; actually, the lack of any speed at all. The euro-group has requested further adjustment measures for 2013-2014 from Greece and wants an acceleration of privatisation plans, too. Unfortunately, it has been decided to delay the release of the €8bn sixth tranche of the first rescue of Greece beyond the initially marked date…
Spain’s savings bank branches and staff numbers reduced in 17%”
This is a note from Banco Santander analysts about the current state of what used to be their competitors, the savings banks. It is a good way to summarise where they are now and what they look like [emphasis is ours]: “The Bank of Spain (BoS) last Friday considered the process of re-capitalisation of the country’s financial system as completed. Thus, it has met the stringent capital requirements imposed by…