Santander, Bankia progress in the US
US
Shopping in Europe
NEW YORK | While European companies and banks try to forget this annus horribilis, some US financial firms are rubbing their hands: under pressure from regulators, Europeans will have to shed up to $3 trillion in assets over the next 18 months, according to Morgan Stanley. Market dislocation on this side of the Atlantic means also a great occasion for American companies to go shopping. This month the German Commerzbank…
China leads patent filing, but US and EU companies are more innovative
LONDON | By tracking published patent applications, examining real-world trademark and copyright infringement issues and comparing the government policies and long-term innovation strategies of China to other world leaders, Thomson Reuters research suggests that although China leads the world in patent and trademark filings, its status as a global player still faces challenges. The following are some of the key findings of the new research: China Now Leads World in…
JP Morgan’s Bruce Kasman: “a tremendous fiscal adjustment” in the horizon for the US
Weekend link fest
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: Has social media changed the financial industry? How Britain could leave the euro Why David Cameron’s UK deserves another chance in the EU Banks fear sovereign debt A document which every investor in the euro…
UK vs EU, and Australia, China, Japan, US right now
The Conference Board Leading Economic Index®(LEI) for the UK decreased 0.4 percent in both October and September, after decreasing 0.5 percent in August. Jean-Claude Manini, The Conference Board Senior Economist for Europe, said: “The slight improvement in stock prices did not offset the further and broad based deterioration of confidence measures. Coupled with the persistent weakness in the LEI, current economic conditions suggest that the British economy is at risk…
The largest bankruptcy in American history comes to an end
New York | Although Lehman Brothers collapsed more than three years ago, its full dissolution depended on settling creditors’ claims worth around $450 billion. On Tuesday, a federal judge paved the way for the now infamous firm to exit Chapter 11 protection. The final phase of the largest and most complex biggest bankruptcy in US history –as the firm defined it– that tipped world economies into chaos, involving 7,000 legal…
Forget TARP, let’s do a TAP
“EU public debt rate is lower than in the US or Japan”
MADRID | If there is something we all can agree on is that there is too much debt worldwide. We can also agree on the fact that it is the developed countries that are suffer this high level of debt, after more than ten years of excesses. This is the opinion of Jose Luis Martínez Campuzano, chief strategist at Citi inSpain, who has expressed his views for Consenso del Mercado. “When…
The last major US airline files for bankruptcy
NEW YORK | It used to be the world’s largest airline, a ‘dream of stars and stripes,’ the only big carrier that had succeded to avoid bankrupt. Yet now it has gone broke. American Airlines and its parent company AMR on Tuesday filed for Chapter 11 bankruptcy protection in New York, in an effort to cut labor costs, airport agreements and airplane leases to bring them in line with the…