Analistas Financieros: "The solution's roadmap is taking shape"
Markets
Analistas Financieros: “The solution’s roadmap is taking shape”
Spanish optimism: Bankinter says don't make a drama out of the Greek default
Whether it is a much needed voice in these days of near-panicking headlines or simply right forecasting only time will tell, and this means probably October or December at the longest, but Bankinter Análisis somehow on Monday managed to wrap up its not exactly uncommon message of ‘please, mind the gap and stay away from the markets’ to investors in a much calmer accent than most notes we read at…
Spanish optimism: Bankinter says don’t make a drama out of the Greek default
Whether it is a much needed voice in these days of near-panicking headlines or simply right forecasting only time will tell, and this means probably October or December at the longest, but Bankinter Análisis somehow on Monday managed to wrap up its not exactly uncommon message of ‘please, mind the gap and stay away from the markets’ to investors in a much calmer accent than most notes we read at…
Fannie Mae and Freddie Mac vs. Greece
From Citigroup analysts : “Ultimately, the decision taken by the Fed was in line or even went beyond what was expected. The reinvestment of MBS debt by more than $20bn per month was good news for the real estate market, which still shows no clear signs of recovery. The IMF itself has already included in its financial stability report the possibility of going ahead with haircuts in the agencies’ debt…
80% of EU banks' 2011-maturity debt already issued
JP Morgan on Wednesday made a few hopeful remarks on EU banks’ financing needs by 2012 (not as dire as everyone believes) that our readers may want to savour. A couple of truths for a start, though: “Ideally, banks should use as little as possible repo windows such as the recent three months-dollar one because it would restore confidence, despite delivering in the short term a fix for dollar-funding problems…
80% of EU banks’ 2011-maturity debt already issued
JP Morgan on Wednesday made a few hopeful remarks on EU banks’ financing needs by 2012 (not as dire as everyone believes) that our readers may want to savour. A couple of truths for a start, though: “Ideally, banks should use as little as possible repo windows such as the recent three months-dollar one because it would restore confidence, despite delivering in the short term a fix for dollar-funding problems…
Financial analysts 1, politicians 0
Spanish banks wonder: what Italian domino effect?
Spain’s banking sector rejected with some simple data at hand the domino-effect buzz renewed after Italian sovereign bonds were hit on Tuesday by a Standard&Poor’s downgrade. In fact, the only Spanish banks with Italian debt are BBVA and La Caixa. This comment comes from Ahorro Corporación Financiera analysts in Madrid: “In the early hours of the morning, ratings agency S&P reduced the rating of Italy’s sovereign debt from A +…
Santander: “EU banking stress tests will consider default scenarios with haircuts in trading and maturity portfolios”
Banco Santander analysts today chose a discouraging headline for the Ecofin event hosted last week in Eastern European territory: “Little progress in the Ecofin summit in Poland. It was not possible to release the next tranche of the loan to Greece, nor there was any progress regarding the EFSF, nor was the Finnish collateral difficulties unblocked. In fact, it seems that everything will be delayed until at least October.” The…