BANKS

World economy 4th January 2019

China’s Banks Should Not Be Used As Fiscal Vehicles While Supporting Private Firms

Xu Xueming via Caixin | Private enterprises have recently faced liquidity problems, resulting from refinancing issues and the pledged-share crisis. For some of them, the reason lies in difficulties in their own operations. How do we solve the problems of private enterprises’ rising nonperforming loans, bond defaults and refinancing difficulties, and also manage the risk of forced sales of stocks pledged as collateral by controlling shareholders?

Bad outlook for Spanish banks: they will have to pay the legal costs for mortgages

Spanish economy 19th October 2018

Spanish Banks Pending On Court Ruling About Legal Costs For Mortgages

Spain’s banking sector lost € 5.560 Bn in market capitalisation yesterday after the country’s Supreme Court decided they woud have to pay mortgages taxes and not the final client. Just 24 hours after, the Court announced they will review the decision. Morgan Stanley calculates that the effect of ruling could reach 12 billion euros.

The exposure of Italian banks to the country´s public debt is 10% of their balance sheets

In Europe 8th October 2018

The Exposure Of Italian Banks To Public Debt Equivalent To €370 Bn, 10% Of Their Balance Sheets

Italy’s budget deficit of – 2.4% of GDP for the period 2019/2021 presented by the government increased the debt premium of 50bp to 280 bp and a 4% fall in the FTSE-MIB.This rise in the risk premium impacts negatively on the Italian banks in fundamentally three ways.

In Europe 3rd October 2018

Goldman Sachs, Through Marcus, Offers 1.5% On Deposits In The UK And Sets Competitive Advantage

Marcus, Goldman Sachs’s retail digital bank, opened officially in the UK on 27 September. It is an investment bank which enters the retail sector and a new participant in a mature market. But for the established names, however, “it marks the beginning of something that could cause significant disruption of prices”, analysts at Santander explain.

Spain is also the second country in Europe with the lowest costs in digital banking

Spanish economy 7th September 2018

Spain Is Second Cheapest Country In Europe For Basic And Digital Banking Services

Spain is behind the UK and followed by the Netherlands in the provision of basic (transactional) services to its customers, with prices 58% lower than the average of seven countries analysed. Germany is at the other extreme with an average annual price of 181 euros.

Markets 13th June 2018

Spanish Financial Sector: Digitalisation Helps Profits

Ofelia Marín-Lozano | The Spanish financial sector has made an unprecedented effort to sanitise its books: since the beginning of the crisis in 2008, sanitising and provisions (amounting to some 260 billion euros) have reduced profit margins by two thirds, according to figures from the latest annual meeting of the financial sector. The role of digitilisation replacing branches was one of the recurrent themes of the meeting.

In Europe 19th May 2018

Europe in charts, according to the IMF

J.L.M. Campuzano (Spanish Banking Assocation) | We are echoing the IMF’s recent report on the evolution of the European economy. All of Europe is seeing growth, but this has dynamic has to be supported by structural reforms which boost potential growth and best financing to achieve this.

In Europe 19th April 2018

European investment banks will have flat growth against US in Q2

According to a note to clients, Morgan Stanley believes that UBS, HSBC and Société Générale should perform well during the quarter. Compared with the US Banks, they have a downward risk due to investment banking fees and upside due to the outlook for equities.

In Europe 12th April 2018

Banking Union? Eurozone banks are hoarding nearly EUR700bn at the ECB

Eurozone banks are currently keeping 690 billion euros at their central bank, according to the ECB’s last figures. While the European Commission aims to achieve by end-2018 a completed banking union, this an evidence of a more fragmented market. Are lenders suspicious of their refinancing capability in order to honour their debts? And why is Ewald Nowotny asking to cut them some slack?

Spanish economy 10th April 2018

The Wave Of S&P Ratings’ Upgrades Continues: Now It’s The Spanish Banks

On Friday, S&P raised its rating on the main Spanish banks by one notch. The decision came in the wake of the rating upgrde by the same agency for Spain’s public debt on March 23, so its “a logical move,” according to Renta4.

« 1 2 3 4 5 6 … 27 »