Tag Archives: European Banks

Eurozone Watch: Italy -56 bps, SocGen +29%, Euro$ +2.1%

Posted on January 20, 2012 by macromon

(click here if charts are not observable)

Posted in Uncategorized, Weekly Eurozone Watch | Tagged , , , | Leave a comment

What Eurozone Crisis?

Posted on January 19, 2012 by macromon

Wow!  Check the moves in the large Eurozone bank stocks today and for the week.  And, unlike the U.S. market, on heavy volume.   Euro sovereign spreads are a bit tighter on the week with the exception of Portugal, which Standard … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 2 Comments

Weekly Eurozone Watch

Posted on January 14, 2012 by macromon

(click here if charts are not observable)

Posted in Weekly Eurozone Watch | Tagged , | Leave a comment

Euro Crisis Spreading

Posted on November 24, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

Europe’s Undercapitalized Banks

Posted on October 20, 2011 by macromon

We’ve posted several pieces recently about Europe’s over banked and undercapitalized financial system.   The markets have pounded European bank equities this year and forced the eurozone political leaders to cobble together a bank recapitalization plan, which we all wait for … Continue reading →

Posted in Black Swan Watch, Charts, Euro, General Interest, Geopolitical, Sovereign Debt, Sovereign Risk | Tagged , | 4 Comments

Euro Banks Under Pressure on Greek Holdings

Posted on October 14, 2011 by macromon

(click here if chart is not observable)

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

Europe’s Other Bank Problem

Posted on October 13, 2011 by macromon

One would think the following chart has a data error.   Not so. Europe is way over banked and the chart illustrates the monumental task and cost of recapitalizing some of their largest banks.  The size of the largest four banking … Continue reading →

Posted in Charts, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Europe’s Stressed Out Banks

Posted on October 10, 2011 by macromon

The Wall Street Journal reports Euro-zone banks’ overnight deposits at the ECB increased again last week “reflecting deepening distrust in interbank lending markets.”  The Journal writes, Overnight deposits Friday rose to €255.57 billion ($341.88 billion), surpassing Thursday’s 2011 high of … Continue reading →

Posted in Black Swan Watch, Credit, Euro, Monetary Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 4 Comments

Europe’s Bank Problem

Posted on October 6, 2011 by macromon

Another informative chart from the IMF showing the fundamental problem in Europe’s banking system –  excessive leverage and dependence on wholesale funding.  Add to that  overexposure to highly indebted sovereigns with deteriorating credit fundamentals.    It also illustrates why the German … Continue reading →

Posted in Black Swan Watch, Euro, Global Stock Performance, Global Trend Indicators, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 3 Comments

Greek Haircuts: A Clarification

Posted on October 3, 2011 by macromon

The media and some pseudo-analysts,  and, surprisingly,  even some investors,  still don’t understand what the 21 percent haircut in the Greece bond restructuring is all about.   The 21 percent touted about is simply the hypothetical secondary market discount of the … Continue reading →

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