Tag Archive: Italian Bank

Great Graphic: Italian Banks and a German Bank

2016-10-21

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2016-10-21

DB and Italian bank stocks have been moving in tandem. They suffer from fundamentally different problems. The euro has been selling off as the bank shares rebound.

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FX Daily, September 12: Markets Off to a Wobbly Start

2016-09-12

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2016-09-12

20160912 Movers and Shakers
The EUR/CHF retreated today together with falling stock prices. When investors sell their stocks and move into cash, then the Swiss Franc very often appreciates. This is the safe haven effect: cash in Swiss Franc is perceived as more secure.

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FX Daily, August 03: Consolidation Featured

2016-08-03

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2016-08-03

The US dollar is consolidating yesterday's losses. The greenback's upticks have thus far been shallow and unimpressive, except perhaps against the New Zealand dollar, which is off 0.8% ahead of next week's RBNZ meeting. Softer than expected labor cost increase reinforces the conviction that a 25 bp rate cut will be delivered next week.

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FX Daily, July 29: Kuroda Hesitates, Yen Advances, Focus Turns to Europe and North America

2016-07-29

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2016-07-29

Main events: Far Lower GDP Growth due to higher inflation and bigger trade deficit. Yen and Swissie advance and weaker dollar. Swiss economy remains on track based on the KOF economic barometer.

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European Banks Bad Loans and Coverage

2016-07-26

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2016-07-26

European banks are worrisome. EBA's stress test results will be out at the end of the week. Nonperforming loans are a separate issue, but also need to be addressed.

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European Bank Stress Test: Preview

2016-07-25

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2016-07-25

European bank stress test results will be released a couple hours before the US open on Friday. The focus is on Italy, but other countries' banks may also be identified as needing capital. Within the existing rules are allowances for exceptions. Everyone wants to follow the rules.

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European Court of Justice Ruling Weighs on Italian Banks

2016-07-19

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2016-07-19

ECJ uphold principle of bailing in junior creditors before the use of public funds. Italian banks shares snap a three-day advance. The EBA/ECB stress test results at the end of next week are the next big event.

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