Hints and tips:
...March 24 to 31, date of San Ginés concert TBA; further information here April Sport Mutua Madrid Open, Caja Mágica The clay courts of Caja Mágica will be buzzing this April for the return of the city...
...Northern Rock’s mortgage book was merged with that of B&B and is now managed by UK Asset Resolution. UKAR still owes the government £42.1bn, which is expects to take a decade to repay....
...Fitch, the rating agency, on Monday downgraded Santander and BBVA from A to triple B plus, following similar action on the country’s sovereign rating last week....
...S&P lowered the country’s long and short-term rating to triple B plus/A2 from A/A-1, near the lower end of investment-grade quality....
...Also, having in mind that CAM has €50bn RWA, it seems very difficult to imagine how BARC could consolidate €50bn more RWA in its own B/S without raising, at the very least, €3bn of new capital (and as we...
...We had floated such ideas in February, write Jean Pisani-Ferry, Benedicta Marzinotto and Guntram B. Wolff of Bruegel. Here is what the EU should do....
...Its BFSR is B- (BCA of A1), putting it not only as high as both Banco Santander and BBVA, but among the strongest in Europe....
...however, have to do with: a) the decline in non mortgage lending, which is already falling at a -5.5% YoY rate and is the main factor responsible for the overall decline in the Spanish financial system and b)...
...It’s a similar story for the two Spanish savings banks (cajas) cut by Fitch at the same time....
...The cajas, you might recall, are in the midst of a rather grandioso restructuring....
...de Ahorros y Pensiones de Barcelona (“La Caixa”) BFSR downgraded to B- from B, outlook changed to negative; Long-term debt and deposit rating downgraded to Aa2 from Aa1, outlook changed to negative;...
...And if all that wasn’t enough, S&P reported on April 6th that Caja Madrid had become the first Spanish bank to stop interest payments to mortgage-backed bond investors — a very bad indicator for all investors...
...B&B appears to be a neat fit....
...The group’s B shares climbed 2.4 per cent to SKr105, while the B shares of Scania, which makes the bulk of its earnings in Europe, gained 2.7 per cent to SKR143.75....
...GM is rated Triple B minus by Standard & Poor's, the lower investment grade rating. Fiat is rated Double B minus, three notches below investment grade, with a negative outlook....
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