Tag Archives: BNP Paribas

DAX and CAC Break Out

The girls with the Draghi Tattoo are breaking out. That is,  the German DAX and French CAC stock indexes are making  new highs.   Ever since the ECB’s Mario Draghi  “whatever it takes to preserve the euro” speech,  these markets have performing … Continue reading

Posted in France, Germany, Global Stock Performance | Tagged , , , , , | 2 Comments

BNP Paribas Increases Reserves on Greece Exposure to 60%

BNP Pariabas,  Europe’s largest bank in terms of total assets,  took a €2.1 billion hit to earnings after increasing reserves on its Greece exposure to 60 percent,  up from 21 percent last quarter.  The European banks are finally getting serious, … Continue reading

Posted in Black Swan Watch, Equities, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment