Housing prices in Spain have grown 16% since end-2014
Housing prices have grown 16% since end-2014, according to the Bank of Spain. This is after a decline of 37% in nominal terms (45% in real terms) since their peak at end-2007.
BANKS
Spanish, German Banks Maintain Their Weighting After The Crisis, In Absolute Terms And In Relation To Their Product
The non-banking sector in Europe currently accounts for 54% of total assets versus 42% in 2008. But interestingly, it’s in Germany and Spain, amongst the big countries, where banks maintain their weighting in absolute terms and in relation to their products.
Bundesbank Revives The Debate About ‘Ultra Low’ Rates Hurting The Small Banks
The latest survey carried out by the Bundesbank and BaFin (Germany’s Federal Authority for Financial Supervisión) highlighted a matter which is causing great concern for the “European growth driver”: the “ultra low” official interest rates continue to “strongly weigh” on the smaller German banks.
China: Regulator Steps Up to Curb Improper Bank Sales Practices
Wu Xiaomeng and Leng Cheng via Caixin | Sales of investment products that involve bank staff and take place in banks premises must be recorded both visually and audibly, the China Banking Regulatory Commission (CBRC) said Wednesday.
Growing doubts over the impact of MIFID2 for investors
After MIFID1, which was launched 10 years ago with the aim of improving investor protection, MIFID2 (Markets in Financial Instruments Directive) is now on its way, bringing even more meticulous and demanding operating objectives and rules.
Nine Banks Fined for Foreign Exchange Violations
Peng Qinqing and Han Wei via Caixin|In a rare move, China’s foreign exchange regulator named nine banks for violations of foreign exchange regulations amid continued efforts to clamp down capital outflows.
Spanish Banks Have Refinanced Or Restructured Over 10% Of Existing Mortgages
J.L. M. Campuzano (Spanish Banking Association) | The Spanish banks have made a big effort over the last few years to provide solutions for more than a million households experiencing difficulties in meeting their mortgages repayments. We estimate that over 10% of current existing mortgages have been refinanced or restructured.
The Deterioration In US Banks’ Trading Income Will Extend To HSBC, Deutsche Or Sogcen In Europe
Both JP Morgan and Bank of America announced that their trading revenues, specifically those from fixed income operations, had declined substantially over the year so far in interannual terms. European banks like HSBC or Deutsche could suffer the same problem.
Is The Spanish Banking System Really Healthy; Is It Sufficiently Capitalised?
How solid a banking system is is such a cloudy issue that it’s difficult to make a valuation without doubts or ambiguities. For example, in Italy it’s vox populi that the banking sector is very weak, but what about in Spain?
China And Japan’s (Disappearing) Debt Problems
Benjamin Cole | The econosphere is again rumbling about Chinese debt and China banks, evidently forgetting the long serious faces made many times about Chinese debt and China banks in the recent past. But China keeps growing. Japan is another story that defies Western orthodox macroeconomics.