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European Banks: Here's a Loan to Buy Our Loans
Keywords:
European banks offering vendor financing to sell distressed real estate properties
11/23/2011
Banks are offering financing upto 70% of the deal to unload distressed commercial real estate to buyers. Experts say this defeats the purpose of deleveraging.
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
European Banks: Here's a Loan to Buy Our Loans
BusinessWeek 11/23/2011
Turkey, Hungary, Poland and Romania, and asset sales by European banks to raise capital in Nov. 2011
03/14/2009
Eastern European countries that would see declining growth as a result of the eurozone crisis, as banks in Europe raise capital through asset sales of sovereign bonds.
Grouped Articles
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09/22/2011
Turkish banks: The lure of the Bosphorus
Economist 05/27/2013
Poland Defends Economy, Sees Euro Link This Year
Wall Street Journal 03/14/2009
Hungary Drops Internet Tax Plan After Public Outcry
New York Times 10/31/2014
Borrowers in Hungary Learn Tough Lessons
New York Times 11/13/2014
Eastern Europe Vulnerable in Debt Crisis
Wall Street Journal 11/11/2011
Fears that Basel III and European Banking Authority E.U. Stress Tests may not adequately reflect the risks on banks balance sheets.
01/21/2010
The situation after bailout of Irish banks in November 2010 by the EU. The Irish banks had passed European stress tests. Portuguese and Spanish banks may face a similar situation.
Grouped Articles
Wall Street Journal 07/16/2011
Europe Fails Another Stress Test
Wall Street Journal 07/16/2011
The Battle Over Bank Rules at Basel III
BusinessWeek 05/27/2010
Wall Street Journal 09/13/2010
Basel Rules Unlikely to Force Capital Raising
Wall Street Journal 09/14/2010
Wall Street Journal 09/14/2010
Europe's Banks.
07/09/2010
Issues of European banks, including recapitalization.
Grouped Articles
Europe's Elusive Stash of Cash
Wall Street Journal 07/09/2010
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
European banks: The last idealists
Economist 12/11/2010
French Banks Warned on Their Greek Debt
Wall Street Journal 06/16/2011
Wall Street Journal 07/13/2011
U.S. Bank Stocks Fall on Anxiety About Europe
New York Times 08/18/2011
The ECB's Long Term Financing Operation Dec. 2011- March 2012
11/10/2011
The ECB's newly created Long Term Financing Operation enables European banks to meet their financing needs by borrowing from the European Central Bank at low rates of 1% for three years. Mid size banks in Spain buy government bonds of Spain and use the bonds as collateral at the ECB to access this lowcost funding. This has helped bring down rates at a recent auction of Spain's bonds from 5.1% to 1.7%. Italian banks also participated in the same way. 523 European banks borrowed 489 billion euros on Dec. 21, 2011, under this newly created financing operation of the ECB. This provides European banks financing as they are shutoff from normal financing by selling unsecured bonds to private and institutional lenders. This helps banks in the eurozone meet financial needs in 2012 without reducing lending to businesses and consumers.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Euro-Zone Banks Tap Big ECB Loans
Wall Street Journal 12/21/2011
Staring Into the ECB's Mini Bazooka
Wall Street Journal 12/21/2011
A Central Bank Doing What Central Banks Do
New York Times 12/21/2011
European Banks Rush to Grasp Lifeline
Wall Street Journal 12/22/2011
European banks and the impact of potential defaults or country exits from the euro
12/11/2010
Grouped Articles
European banks: The last idealists
Economist 12/11/2010
Wall Street Journal 07/13/2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09/14/2011
Wall Street Journal 09/15/2011
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09/22/2011
Banks Conduct Greek 'Fire Drills'
Wall Street Journal 11/04/2011
The urgency for recapitalization of European banks in 2011-2015
07/13/2011
EU banks face potential losses of 300 billion euros from troubled EU countries. 120 billion euros from Italy, Spain and Belgium, 60 billion euros from Greece, 20 billion euros from Ireland and Portugal, and $100 billion euros from other banking exposure, accordig to the IMF. IMF managing director, Christine Lagarde, has pointed to the urgent need for recapitalization of European banks,urgently because restricted lending by EU banks in the absence of recapitalization could further damage the economies of EU countries.
Grouped Articles
Spanish Banks More Vulnerable Than Italy's
Wall Street Journal 07/13/2011
Bank of Italy Inspecting Top Lenders' Books
Wall Street Journal 07/30/2013
Central Bank Details Somber State of Europe’s Banking System
New York Times 10/13/2014
Wall Street Journal 07/04/2015
The Banker Who Is No Longer Welcome in Restaurants
Wall Street Journal 01/27/2016
Italy Agrees on Fund to Support Battered Lenders
Wall Street Journal 04/12/2016
European Banking Authority E.U. Stress tests for banks in 2010 and 2011
10/02/2009
Stress tests for banks in Europe in July 2010 and in 2011.
Grouped Articles
Wall Street Journal 07/16/2011
Stress Tests Won't Prevent the Next Financial Crisis
Wall Street Journal 03/19/2014
EU's Top Banks Pass Stress Tests
Wall Street Journal 10/02/2009
Document Contradicts EU Bank Statement
Wall Street Journal 10/06/2009
Wall Street Journal 10/03/2009
Moody's Questions Spanish Banks
Wall Street Journal 10/14/2009
European banks, committed collateral, and ability to issue unsecured bonds in 2012-2013
09/22/2011
The Bank of England and other experts believe the collateral used for loans from the ECB, could limit the ability of European banks to issue unsecured bonds. This could crimp lending.
Grouped Articles
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09/22/2011
Europe's Banks Face Pressure on Collateral
Wall Street Journal 12/29/2011
European Banks: Here's a Loan to Buy Our Loans
BusinessWeek 11/23/2011
BusinessWeek 11/10/2011
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