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.
A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge by Nick Corbishley • Jul 28, 2020 • 51 Comments Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
Work-from-Home Unleashes Nightmare for Office Landlords & Surrounding Businesses. Global Banks at the Forefront by Nick Corbishley • Jul 22, 2020 • 118 Comments “There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past”: Barclays CEO. And companies are following through.
Streets and Plazas in Barcelona Still Eerily Quiet as Covid-Chaos Upends Tourism by Nick Corbishley • Jul 16, 2020 • 66 Comments “Everybody’s drinking beer as if there were no tomorrow, but my bar can barely survive off beer sales alone,” says Yahya, owner of my favorite bar.
These Airlines, Financial Black Holes for Years, Now Face the Pandemic by MC01 • Jul 13, 2020 • 58 Comments Dogged by everything from bloated costs to corruption.
What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time? by Nick Corbishley • Jul 12, 2020 • 217 Comments Europe may be about to find out. 128 days with my Mother-in-Law.
As the Biggest Restaurant Chains in the UK Fall into Bankruptcy, Attention Turns to KKR & Other PE Firms that Own Them by Nick Corbishley • Jul 4, 2020 • 73 Comments PE firms sit on lots of cash but won’t invest it in their stripped-bare and failing restaurant chains.
UK House Prices in June Fall for First Time Since 2012, Mortgage Approvals Slump to Record Low Despite Reopening by Nick Corbishley • Jul 1, 2020 • 13 Comments Still waiting for the “Pent-up Demand.”
Negative-Interest Rate Champion Bank of France Now Frets About Ballooning Corporate Debt by Nick Corbishley • Jun 29, 2020 • 36 Comments Central-Bank Forked-Tongue Syndrome.
World Trade Plunges. Here’s Why it’s Even Worse in Reality: China’s Deep-Fake Data Comes to Light by Wolf Richter • Jun 27, 2020 • 225 Comments But the downturn in the goods-based sectors started in 2018. US exports are now down 37% from that peak, imports down 25%.
