Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise by Don Quijones • Oct 5, 2018 • 37 Comments The economic miracle fueled by foreign-currency debt.
It Didn’t Take Long: Abengoa Is Back At It by Don Quijones • Sep 22, 2018 • 29 Comments How to prevent its shares from dropping below €0.01?
Multiple Online Banking Systems Go Down in the UK by Don Quijones • Sep 21, 2018 • 54 Comments Payment chaos: For bottom-line-obsessed bank executives, IT systems are an expense to be slashed. The results are in.
Disorderly Brexit Would Trigger Mayhem in Derivatives Market by Don Quijones • Sep 20, 2018 • 26 Comments Time is running out. March 29 is the deadline. Urgent action is needed. But it’s not happening.
“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.
