As investors and analysts continue to pore over the nitty-gritty details of Europe’s bank stress test results, one unexpected beneficiary appears to be Britain’s government (...)
The landmark Dodd-Frank Wall Street Reform and Consumer Protection Act is meant to bring new stability to the financial system, but there’s not a lot of love for the legislation among local bankers, financial experts and business leaders, who say the law will reduce access to credit (...)
“PEOPLE may look back at this quarter as essentially the first earnings period of the post-crisis era” for American banks, says Michael Poulos of Oliver Wyman, a consultancy. The comment is intentionally double-edged (...)
THE results were always going to be contentious. Ahead of their release there were mutterings in financial markets that European regulators would give their banks a test so stress-free that it would be difficult to fail. Those who expected this easy pass found much evidence to support their view when the Committee of European Bank Supervisors (CEBS) announced the results on the evening of Friday July 23rd. The worst scenario that the stress tests envisaged was a mild recession with relatively moderate losses on bank assets including government bonds—and no sovereign default (...)
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