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.
European Bank Stocks Collapse to March 2009 & 1988 Levels by Nick Corbishley • Mar 10, 2020 • 64 Comments Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it.
Negative Interest Rates Bite: Bundesbank Warns of Risks to Financial Stability, Moody’s Downgrades Outlook for German Banks by Nick Corbishley • Nov 22, 2019 • 74 Comments Yield-starved banks expanded lending to “relatively high-risk businesses” and to the property sector, as the Bundesbank considers house prices in many cities overvalued by 15% to 30%.
ECB’s NIRP-Forever Policy “Destroys Banks’ Profitability Equation”: Bankia CEO. Spanish Banks Reel. Problems Stack Up by Nick Corbishley • Jul 30, 2019 • 47 Comments Spain’s Big Five banks (already down from the Big Six) could soon be four.
Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns by Nick Corbishley • Jul 15, 2019 • 27 Comments Just when European banks need to inspire confidence more than ever.
Bad Loans Still Too High at Eurozone Banks, ECB Warns by Don Quijones • Jun 17, 2019 • 44 Comments NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
Inspired by Deutsche Bank Death Spiral, European Banks Sink to Dec 24, 2018 Level – First Seen in 1995 by Wolf Richter • Jun 15, 2019 • 73 Comments The benefit of NIRP: There’s hell to pay – even the ECB admits it.
Deutsche Bank Death Spiral Hits Historic Low. European Banks Get Re-Hammered by Wolf Richter • May 20, 2019 • 50 Comments Just bumping along the bottom, from hopeless to hope and back to hopeless.
Deutsche Bank Death Spiral Hits Historic Low. European Banks Follow by Wolf Richter • Dec 20, 2018 • 81 Comments Bottom fishers were taken out the back and shot.
EU Bad-Loan-Fiasco-Reform Loses Teeth, Adds Sweeteners for Banks (Funded by Taxpayers) by Don Quijones • Mar 20, 2018 • 9 Comments After much lobbying, guidelines for banks become “non-binding expectations,” says the ECB.
