Tag Archive
ECB Cash Averts ‘Funding Crisis’ for Italy, Spain
The European Central Bank’s unprecedented cash injection is easing borrowing costs for Italy, Spain and Belgium, compensating for the lack of a solution to the debt crisis and the risk of recession. Two-year Italian yields have dropped by 50 basis points and Belgian notes of the same maturity hav… read full news Published: Thu, 05… »
Spain, France Bond Sales Take On EU Crisis
Spain and France auction 8.25 billion euros ($11 billion) of bonds today as European efforts to strengthen the regions firewalls against contagion failed to rein in surging borrowing costs. Spain is selling as much as 3.75 billion euros of notes as the extra yield on its 10-year bonds compared … read full news Published: Thu,… »
Spain, Italy under pressure as EU frames deal on bank capital
EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the euro zone debt crisis at a summit on Wednesday. After nearly 10 hours of talks, finance ministers overcame strong oppositio… read full news Published: Sun, 23 Oct… »
France, Spain, Italy Have Learned Nothing From Dick Bove
Barely two days ago he patiently explained that you cant break the bank by driving the price of the stock lower, but European regulators dont seem to get it. And since their ban on short sales of financial stocks has worked so well to prove that everythings okay, keeping the two-week drop in… read full… »
EU not considering rescue plans for Italy, Spain
The European Union has no plans to provide rescue loans to Italy and Spain, despite the rising borrowing costs facing these countries, a European Commission spokeswoman said Tuesday. Italian and Spanish authorities are taking the necessary steps to improve their budget situations, spokeswoman… read full news Published: Wed, 03 Aug 2011… »
Spain, Italy debt sales show euro zone relief fading
Spain and Italy paid a high price to sell short-term debt on Tuesday, compounding investors’ concern that last week’s bailout package for Greece left the euro zone’s debt crisis unresolved. Spain’s short-term cost of borrowing hit three-year highs and demand fell at its Treasury bills auction whi… read full news Published: Wed, 27 Jul 2011… »
Spain, Portugal to offer debt
Spain will sell up to 3.5 billion euros in bonds on Wednesday in an auction that should give clues on whether it can avoid the bailout contagion that has engulfed the much smaller economies of Greece, Ireland and Portugal. Growing talk of Greek debt restructuring, despite official denials, has battered the bonds of financially weak… »
Spains Pains – US-FOREX.US
Pity Spain. While stimulus packages offered by the German and French governments quickly helped lift those nations out of recession in the past quarter, Spain had no such luck, and shrank by a more-than-expected 1% quarter-on quarter, its National Statistics Institute said Friday.It also doesn’t look like the situation will pick up any time soon…. »
Spanish Banks In Top Form- US-FOREX.US
Spanish banks are proving to be the strongholds of European banking after all. Following closely on the heels of rival BBVA , Banco Santander reported second-quarter results that surpassed expectations as an increase in lending and higher margins sent its net interest income higher, partly compensating for a steady increase in provisions that it had… »
Making Banks Save – US-FOREX.US
“Bonuses are back” may be the buzz term in London’s financial district, but among regulators the more clunky “dynamic provisioning” is the watch word of the day.The system by which banks have to put aside rainy-day reserves in the good times was the norm at Spanish banks, which weathered the global credit crisis better than… »