Banks

For HSBC, Life Gets Very Complicated in Hong Kong & China, its Number One Market, as China Tightens the Screws

by Nick Corbishley • Dec 11, 2020 • 41 Comments

Amid concerns China’s authorities are using the account seizures to crack down on dissent.

Extend-and-Pretend Caused Bankruptcies to Plunge in Germany, France, Spain. Now Central Banks Tell Banks to Prepare for Bankruptcy Surge

by Nick Corbishley • Oct 16, 2020 • 32 Comments

The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.

Hit from All Sides, European Bank Stocks Swoon to 1988 Low

by Nick Corbishley • Sep 21, 2020 • 75 Comments

Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks.

€22Bn Hedge Fund H2O, Majority-Owned by Natixis, Ordered to Freeze Funds. Fishy Smells Emanate

by Nick Corbishley • Aug 31, 2020 • 48 Comments

“Valuation uncertainties.” And the trail of the Windhorst bonds.

Turkey’s 2nd Financial & Currency Crisis in 2 Years Blossoms. Heavily Invested European Banks Look for Exit. But Not the Most Exposed Bank

by Nick Corbishley • Aug 15, 2020 • 41 Comments

Big Gamble that was hot for years has gone sour after Turkish lira’s plunge and surge of defaults on bank debts denominated in foreign currency.

Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss

by Nick Corbishley • Jul 29, 2020 • 23 Comments

Too-Big-To-Fail Santander is also one of Eurozone’s worst capitalized banks.

Massive Credit Losses to Hit European Banks in Q2 and into 2021, Particularly When Debt Moratoriums Are Lifted

by Nick Corbishley • Jun 23, 2020 • 20 Comments

But the ECB went into high gear to soothe the pain of the banks.

Fed Cuts QE Helicopter Money for Wall Street Further. Still Hasn’t Bought Junk Bonds or ETFs. Was Just Jawboning

by Wolf Richter • May 8, 2020 • 90 Comments

Loans to “SPVs” declined to lowest since March 25.

European Banks Reveal Scale & Complexity of Crisis. Shares Hammered Back to 1987 Level

by Nick Corbishley • May 1, 2020 • 57 Comments

They haven’t gotten over Financial Crisis 1 and the Euro Debt Crisis. Now there’s a new crisis. Deutsche Bank’s CEO going on TV to soothe nerves didn’t help matters.

European Banks Face Financial Crisis 2, Shares Hit 1988 Lows

by Nick Corbishley • Mar 18, 2020 • 52 Comments

The ECB promises to “monitor markets closely.” Then it came out with a new bond buying binge.

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