Peso collapse and inflation force Spanish companies and banks — second largest investors in Argentina, behind US companies — to tally their losses.
This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.
Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.
Investment in the auto sector grinds to a halt.
Spain’s Big Five banks (already down from the Big Six) could soon be four.
Construction industry has worst month since 2006, fourth month in a row of declines.
This time, a fund liquidity crisis traps institutional investors, including pension funds.
Just when European banks need to inspire confidence more than ever.
$30 trillion of assets globally are held by similar open-ended funds.
“Weaponizing” Europe’s financial services, with an eye on the UK after Brexit?