After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts.
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
The benefit of NIRP: There’s hell to pay – even the ECB admits it.
What to do with those messy banks ignites further tensions.
And the 217 planes that Jet Airways ordered from Boeing?
Italy’s fiscal health is once again in serious decline.
The acquisition created world’s biggest toll-road operator. But it was costly.
French banks are heavily exposed to Italy.
The banking lobby and the ECB will have a cow.
Well, that didn’t take long. Whatever happened to Eurozone’s new bail-in rule?