stress tests

Thanks to Iza Kaminska for pointing me to the video below of row after row of incomplete homes in Spanish host towns, las ciudades fantasmas. Spain has the same problem of overbuilding that the U.S. had during its bubble days. Now that…

By Marc Chandler The newly created European Banking Authority will be overseeing the stress tests on almost 90 European banks. Recall that the stress tests last year met broad criticism for the lack of rigor. It was anticipated that the…

Highlights The US dollar is broadly higher against most major and emerging market currencies today, with the yen and Swiss franc being the notable exceptions. With last week’s US employment data taking the immediate focus off the US and…

Evidently there is now a considerable debate out there about the famous (or should that be infamous) CEBS stress tests. Methodologically all sorts of weaknesses have been identified, but in many cases these are decidedly beside the point.…

From the BBH Currency Strategy Team Highlights US dollar is mostly softer so far today vs. the majors, as sentiment remains overall good after the stress test results were released (see below).  Price action since the results came…

From Win Thin, Senior Currency Strategist at BBH. Newswires have reportedly gotten hold of the draft document for the stress tests, and it’s not pretty. It appears that the worst may be true with regards to how bonds would be subjected to…

From the Brown Brothers Harriman Currency Strategy Team Highlights US dollar is mostly softer so far today vs. the majors, hurt by stronger than expected data out of Europe (see below) ahead of the European bank stress test results around…

From the BBH Currency Strategy Team Highlights US dollar is softer on the day vs. the majors, gaining only against EUR and SEK as markets search for direction ahead of Friday’s stress test results.  The euro is trading softly after…

From Win Thin, Senior Currency Strategist at Brown Brothers Harriman. Spanish media is quoting Finance Minister Salgado as saying all Spanish banks had passed the stress tests.  Spokesperson later tried to walk these comments back,…

Marc Chandler is on holiday. This post comes via Win Thin, senior currency strategist at BBH. Newswires are reporting that a big German institution failed the bank stress tests.  The fact that this institution had already been taken…