From Banco Santander, a briefing on yesterday’s events to enlighten our Wednesday: “It could not be otherwise, the euro zone (EZ) was trying to build a firewall for well-known reasons. And it is not only to stop the markets’ downturn, it is also associated with an attempt to cut the cost of the bailout for the taxpayer. “Late on Tuesday the Financial Times (FT) revealed, by quoting sources within the…
From Banco Santander, a briefing on yesterday’s events to enlighten our Wednesday: “It could not be otherwise, the euro zone (EZ) was trying to build a firewall for well-known reasons. And it is not only to stop the markets’ downturn, it is also associated with an attempt to cut the cost of the bailout for the taxpayer. “Late on Tuesday the Financial Times (FT) revealed, by quoting sources within the…
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…
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…
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…
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…
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…
