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.
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.
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.
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.
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.
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.
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?
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.
In equity terms, Frexit risk would leave financial entities having to fuel the economy while depositors would sell francs and buy euros. Obviously the loss in the lending margin would be a huge multiple of the fear spread.
In 2016, Spain was once again the European country which received the most funding from the European Investment Bank (EIB), for a total of 11.5 billion euros, in terms of investment per unit of GDP or, in other words, in relation to the size of its economy.