banks

I just wrote up a post on Goldman's thoughts on coming ECB policy moves. Goldman's musings are credible because the author is their chief European economist, who was until a year ago at the top of the ECB's Monetary Policy Stance Division.…

A few hours ago I wrote a rather downbeat post on the prospects for the US economy that continued the thoughts from an article I wrote in the New York Times. A number of other sources have confirmed some of the logic behind that post since…

Since there is no appetite in Congress to bail out the FHA as its financial condition deteriorates, Fitch believes that the FHA may end up renegotiating its full protection on these mortgages with the banks who hold the loans. The agency…

Since there is no appetite in Congress to bail out the FHA as its financial condition deteriorates, Fitch believes that the FHA may end up renegotiating its full protection on these mortgages with the banks who hold the loans. The agency…

I recently wrote two member posts on the NPL problem in Europe. The source is a study by PwC's Frankfurt office that was released to the German-language media. Frankly, this report is everywhere in the German media and I think it's a big…

This week's second weekly-length post is just another review of the Price Waterhouse Coopers study that is big news in the German press. I have now seen the numbers in a bit more granular detail and I wanted to run through them for me…

A study of European banks by the consultancy Price Waterhouse Coopers is making the rounds in the German-language press. I haven't seen the study itself but it is communicated by PwC in Frankfurt earlier today. Hence the interest in…

It is clear that lending to Spanish banks is now funded entirely via TARGET2 (borrowing from the rest of the Eurosystem) rather than with deposits. In fact deposits at the Bank of Spain by the Spanish government and Spanish banks (excess…

The culture of fraud in economics is a severe problem, and Harvard is a “hot spot” of that culture.

Ireland was hit hard by the financial crisis in 2009 - before Greece and Portugal came on the scene. It took a complete recapitalization of the banking system via "bad bank" structure called Irish Bank Resolution Corporation (IBRC) that…