Post Profile
Four Years After Bear Stearns, Bank Stocks Charge Higher
It's hard to believe, but today is the four-year anniversary of J.P. Morgan Chase's deal to acquire ailing Bear Stearns for only $2 a share. One financial crisis and one European sovereign-debt crisis later, the S&P 500 is back above 1400 and looking to charge higher.
read more
European stocks advance as Greece vote looms; DAX up 0.2%
Forex Pros – pros – European stock markets were broadly higher on Tuesday, as shares in the financial sector advanced amid optimism that progress was being made to solve Greece’s sovereign debt crisis ahead of a crucial ... Read Post
European Bank CDS Spiking, Irish Crisis Contagion Is Only Part Of The Cause (RBS)
The Irish crisis, and broader worries about the eurozone, are leading to higher costs to insure the debt of European banks. RBS is under pressure this morning from its position in Irish sovereign debt, worth €49 billion. It's shares... Read Post
Morgan Stanley Explains European Banks Were Perversely Incentivized To Load Up On The Shoddiest Sovereign Debt
For those who believe European banks aren't dangerously exposed to periphery nations' sovereign debt, here's yet another counter argument. Morgan Stanley's Joachim Fels shows the extent to which European banks have loaded up on gove... Read Post