14 septembre 2011 2

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

Rédigé par jp-chevallier 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 jp-chevallier 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 jp-chevallier 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 jp-chevallier 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 jp-chevallier dans la rubrique Banques Européennes, Banques américaines, 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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