14 septembre 2011 2

Two banks in the euro area are in default of payment in dollars

Rédigé par dans la rubrique English

Today Wednesday, September 14, two banks in the euro area are in default of payment in dollars: they ask $575 million, Click here to read this release on ECB website.

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31 août 2011 1

Banks in the euro zone: no more bets!!

Rédigé par dans la rubrique Banques Européennes, English, Europe

Many banks in the euro zone have a real leverage at 30 to 50! They cannot withstand the large current financial turmoil. August 18, a bank has even been forced to borrow $500 million to the ECB for a period of seven days to avoid being in default according to the ECB. August 25, at […]

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28 août 2011 3

ECB: no more bets! More, more…

Rédigé par dans la rubrique Banques Européennes, English

This Tender Operation-Announcement, Reference Number 11034 means that $5m were provided on morning August 25 from ECB to a German bank otherwise this bank was in default, but not allowed, because, finally, this bank found these $5m some hours later. Document 1: Indeed, to avoid this event, she was able to sell some assets in […]

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18 août 2011 11

ECB: no more bets!

Rédigé par dans la rubrique Banques Européennes, English

The situation is out of control in the euro zone, as I have been writing it for a while… The latest ECB press release ended Aug. 12 showed that the interbank market does not work: bank deposits increased by €71 billion in the week to reach €441.5 billion (liability item 2) …! Document 1: Euro-zone […]

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16 août 2011 12

French Gosbank: tsunami risk!

Rédigé par dans la rubrique Banques américaines, Banques Européennes, English

The four French Gosbanks have €5.645 trillion of liabilities. That is 2.8 times French GDP (€1.986 trillion). Table 1: Amounts in billion of euros. Their shareholder’s equity is only €210 billion. Their leverage average is at 26.8 (i.e. a Tier 1 ratio at 3.7%), worse than Lehman Brothers before its bankruptcy (25). To have leverage […]

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