banks

Editor's note: Moody's released the following press release in relation to actions it took on banks with global capital markets operations today.

I guess we will never know whether or not Mariano Rajoy uttered the two magic words so effectively immortalized in song by Aretha Franklin that Saturday afternoon in late May as he cruised down the Chicago River in what Spanish media called…

Two weeks ago I argued Europe is on the brink of something very big. But the Spanish deal is not it. After the deal, markets rallied initially but soon afterwards, Spanish and Italian sovereign bonds sold off and are at the still elevated…

As I first described here in late April, the Spanish bailout is looking like a bailout of Spanish banks instead of the sovereign. Spain's debt to GDP is still relatively low and so the thinking is that the sovereign debt problems there are…

As I indicated on 27 April on Why the Spanish bailout may be to recap the banks instead of sovereign, I don't believe the Europeans are going to bail out the Spanish sovereign. Instead, given that Spain has low sovereign debt to GDP, the…

The following press release was issued just today by Moody's the ratings agency in conjunction with a recent ratings action on Danish banks.

We are now in another existential crisis for the euro zone with yields on sovereign debt from Spain and Italy spiking well over 6%. We have been here before, most recently in November. Then, it was Italy in Spain's position as the lead…

Since I have been off for a few days I have a lot of links today, probably too many for one big linkfest but here they are. I will leave out more than usual to strip it down to the most salient ones. There's a lot on Spain and India in…

Editor's Note: Below is the press release from the FDIC

This is a quick note here on Latin American economies where currency issues are the main story. Argentina has been most often in the news, but the slowdown in Brazil should be top on the radar. I also note that some European banks are…