Banks

Cevian and Nordea could signal a truce in the usually awkward relationship between banks and activists.

The results of the latest European Banking Authority stress tests were eagerly awaited for their results on the four biggest Italian banks. At first sight, these banks seem well prepared to withstand an adverse macro-financial shock. But judging by the market reaction following their publication, the results have not appeased investors.

“Six months after Polish debt collector GetBack went into default, shockwaves from the event continue to shake the country’s financial sector.”

“As much as the global financial crisis has exposed weaknesses in the regulation and supervision of banks around the world, in the EU such weaknesses were exacerbated by fragmentation.” “Progress in completing the Banking Union – namely, first harmonising options and discretions, completing resolution, and laying the groundwork for the creation of an effective deposit […]

Ten years on, more than US$150bn has been paid to creditors from bankruptcy proceedings. Many investors have done very well.

“Any contagion from a shock in Italy would certainly have more of an impact on Europe, and globally, than the crisis in Turkey, compounded by the fact Brexit and trade wars are creating huge uncertainty.”

The current fallout of the Turkish lira underscores an increasingly complicated US / Turkish relationship which has steadily deteriorated over the past several years.  “America wants an eradication of ISIS; the Turks want eradication of the fighters who are taking the fight to ISIS on the battlefield. Washington wants Turkey to release Americans from its […]

Italian banks, such as Carige, continue to complicate the ECB’s attempts to put the European banking crisis in the past.

Will be interesting to see how Volksbanken’s TLAC increase will play out in the coming years…