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European Banking Sector

All articles tagged with #european banking sector

finance2 years ago•1 min saved

Banking CEOs and IMF Director warn of potential consequences and vulnerabilities in financial system.

UniCredit CEO Andrea Orcel predicts more rescues of American regional lenders due to higher interest rates from the Federal Reserve, while European banks are well-capitalized and face stronger regulation. He also warns of further volatility as the biggest risk to the outlook after the Covid-19 pandemic and Russia's invasion of Ukraine. UniCredit reported a jump of more than 41% in net profit for the first quarter and a CET capital 1 ratio at 16.05% for the quarter.

via CNBC|

#banking #european-banking-sector #finance

finance2 years ago•4 min saved

Deutsche Bank's Troubles Cause Global Concerns

Deutsche Bank's shares fell and the cost of insuring against its default spiked, as the European banking sector was engulfed by market panic. However, analysts dismissed concerns about the bank's viability or asset marks, pointing to its robust capital and liquidity positions. Unlike Credit Suisse, Deutsche Bank is solidly profitable and has undergone a multibillion euro restructure in recent years aimed at reducing costs and improving profitability. German Chancellor Olaf Scholz also stated that there is no basis to speculate about Deutsche Bank's future.

via CNBC|

#credit-suisse #deutsche-bank #european-banking-sector

finance2 years ago•2 min saved

Navigating the Current State of US Banking and Inflation.

Renewed concerns over the European banking sector, following UBS's acquisition of Credit Suisse, are dragging down US futures and most bank shares. Despite Treasury Secretary Janet Yellen's comments that regulators are prepared to take additional actions to ensure Americans' deposits are safe, data published by the Fed shows emergency borrowing under its two backstop facilities totaled another $163.9 billion this week. Bank of America shares have fallen below $27, but the portfolio's inverse ETFs and cash position will continue to do their respective jobs. The market is forecasting multiple cuts to the fed funds rate later this year, despite comments by Fed Chair Powell that the central bank doesn't see that in the cards.

via TheStreet|

#bank-of-america #deutsche-bank #european-banking-sector

finance2 years ago•0 min saved

The Impact of Credit Suisse on Switzerland's Banking Sector.

The recent troubles of Credit Suisse, including the Archegos and Greensill scandals, have raised concerns about risk management and regulatory scrutiny in the European banking sector. The bank's fate has cast a shadow over other financial institutions, with investors and regulators questioning whether similar issues could arise elsewhere.

via Financial Times|

#credit-suisse #european-banking-sector #finance