Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List” by Wolf Richter • May 31, 2018 • 35 Comments The old question: When will she buckle?
ECB Reacts (Unofficially) to NIRP’s Revenge in Italy by Wolf Richter • May 30, 2018 • 43 Comments Bond turmoil, no problem. But if Italy doesn’t stick to the rules, the ECB might let the bonds go, “safeguard the remaining Eurozone members,” and “merely control the disaster.”
NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades by Wolf Richter • May 29, 2018 • 74 Comments Markets wail and gnash their teeth as “normalization” of Italian yields sets in.
Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks) by Don Quijones • May 27, 2018 • 74 Comments “Doom loop” begins to exact its pound of flesh.
Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall? by Don Quijones • May 24, 2018 • 28 Comments Blackstone Group, Cerberus Capital Management, and others face a problem.
Furious Customers Leave in Droves after Botched IT Revamp at UK Bank TSB as Nightmare Drags on for a Month by Don Quijones • May 22, 2018 • 32 Comments “It is unacceptable for banks not to keep our accounts safe.”
Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge” by Wolf Richter • May 21, 2018 • 93 Comments ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
Three External Tailwinds Turn into Headwinds for Spain’s Economy by Don Quijones • May 17, 2018 • 11 Comments With impeccable timing, all at the same time.
Global QE Dream Ends, ECB Sees Rate Hikes, “Normalization” Becomes a Thing by Wolf Richter • May 14, 2018 • 32 Comments The Fed leads, the ECB follows.
Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)? by Don Quijones • May 12, 2018 • 37 Comments It’s not just countries that are at risk of contagion.
