Tag Archives: Societe Generale

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

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

(click here if charts are not observable)

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

SocGen Takes €333 M Hit on Greek Exposure, Increases Loan Loss Reserves to 60%

The European banks are finally starting to face reality.   Provisioning against potential losses is the first step toward a comprehensive restructuring and final solution to the European debt crisis.   Taking losses,  suspending dividends, and limiting bonuses are painful for … Continue reading

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