Category Archives: Financials

cliff dive

3 month Euribor goes negative for first time!

We live in interesting times. The ECB funding rate, Euribor, for 3 month terms has gone below zero % for the first time….

April 21st, 2015 by

Financials

Comments: 0

28 ΚΛΑΣΙΚΟΣ ΜΑΡΑΘΩΝΙΟΣ  ΡΑΙΜΟΝ ΜΠΕΤ RAYMOMD BETT

Banks: Watching a bank run in Greece…..

We have previously written about keeping a firm eye on deposit flows in the Greek banking system. With election results only a few days, the implosion of bank share prices is not encouraging…

January 28th, 2015 by

Financials

Comments: 0

Chriistine Keeler (r) and Mandy Rice-Davies driving away after t

Bond market doesn’t believe Austrian bank management…

It’s deja-vu all over again as Yogi Berra would say….but if you’re a CFO of Austrian bank Raiffeisen International you’d say “Despite ongoing speculation, I want to reassure the market that no capital increase is planned”….

January 27th, 2015 by

Financials

Comments: 0

explosive power

QEazy ECB: 5 thoughts as to what happens next….

Amazingly, we are in our 7th year of central banking assistance to financial markets but there is apparently still a need for an additional €1.2 trillion ECB balance sheet explosion . Here are 5 early WealthiFi observations…

January 22nd, 2015 by

Financials

Comments: 0

Screen Shot 2015-01-15 at 13.17.33

US Banks: Could investors have seen the earnings risks earlier?

While the Swiss Franc steroid infusion by its central bank will garner most headlines today it is likely investors in US banks will be nursing some wounds too. JP Morgan disappointed yesterday but there’s more pain today….

January 15th, 2015 by

Financials

Comments: 0

gift wall st

Banks: The gift that keeps on giving…. to bankers!

JP Morgan has just missed earnings expectations on Wall St. As the mega name in a sullied sector that’s not a great start to 2015 but, frankly, everywhere you look it’s not great news for investors in the bank sector….

January 14th, 2015 by

Financials

Comments: 0

bank quake

Bank stress tests to trade or invest?

Here we go again. Europe is about to take its latest stab at the quality of assets in its banking system. In the absence of any shocks, savings pools/funds will continue to own shares in this sector… but should they? 

October 24th, 2014 by

Financials

Comments: 0

twitter cash

Banks: Technology with a Twitter twist….

As we await stress tests for European banks you do wonder how focused banks can be on technology and consumer trends. With a litany of regulatory and litigation issues still on desks many could be left behind….

October 14th, 2014 by

Financials

Comments: 0

traders at BGC trading floor do there best as the markets collapse

Banks: More trading and litigation misery to come…

Citigroup and Goldman Sachs have already told us trading income in Q2 could be down by 20-25% as very low volatility and interest rates deter client activity. Credit Suisse now tell us that litigation pain could be worse too.

June 4th, 2014 by

Financials

Comments: 0

Deutsche Bank London

European bank capital challenge…

So Deutsche Bank need another €11 billion of capital and BNP are potentially about to take a US criminal hit of $5 billion. Big numbers and it’s easy to let one’s eyes glaze over once again on all things banking.

May 21st, 2014 by

Financials

Comments: 0