“Abusive” & Draconian Mortgages Are Creating Legal S**t Storm for Spanish Banks by Don Quijones • Sep 19, 2018 • 20 Comments They were supposed to protect banks and punish homeowners in difficulties — but they didn’t prevent banks from collapsing.
Collapse of Outsourcing Giant Carillion May Have Silver Lining by Don Quijones • Sep 15, 2018 • 21 Comments “Cash retentions” by large companies come under attack in the UK.
Turkey, Argentina, Other Emerging Markets Hit BBVA by Don Quijones • Sep 11, 2018 • 24 Comments After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost.
Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK by Don Quijones • Sep 7, 2018 • 37 Comments The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB
Be Careful What You Wish For: Weak Mass-Tourism Threatens Spain’s Five-Year Economic Recovery by Don Quijones • Sep 6, 2018 • 53 Comments It is impossible to overstate the importance of tourism to Spain’s economy.
No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks by Don Quijones • Aug 31, 2018 • 69 Comments To diversify from the euro debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, six years later, they’re in a new crisis.
Why Are So Few Customers Leaving TSB Bank Despite 21 Weeks of Mayhem? by Don Quijones • Aug 28, 2018 • 34 Comments The botched IT migration is still dogging customers of the UK lender.
US Yield-Curve Looks Hell-Bent on Inverting, “Flattest” Since Aug 2007 by Wolf Richter • Aug 26, 2018 • 62 Comments How does it compare to German, Japanese, and Chinese yield curves?
Spain’s Competition Commission Just Made Airbnb’s Day by Don Quijones • Aug 19, 2018 • 22 Comments To heck with the concerns of local citizens and city councils.
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures? by Don Quijones • Aug 15, 2018 • 69 Comments Banks are curtailing “cash services.” But why?
