The Spanish bank stress tests are out and the initial verdict is that the shortfall was just not as bad as expected. In order to encompass about 90% of Spain’s banking system…
Spain’s Banco Santander SA (NYSE: SAN) held dual IPOs this morning for about 25% of the bank’s Mexican unit, Grupo Financiero Santander Mexico SAB. de C.V. (NYSE: BSMX). The American Depositary Shares…
Paul Ausick Yesterday we said that Spain was looking more like Greece due to a Madrid protest that took place outside of parliament against all of the budget cuts and entitlement cuts coming down…
Spain is starting to look more and more like Greece with protesters clashing with police in the capital. The difference is that Spain is a much more important economy to Europe and…
The eurozone bailout approval and the coming announcement (or continued hint) of additional quantitative easing from the FOMC is not adding to the banks at the current time. We saw a “Sell the…
You might not exactly be seeing a total “sell the news” reaction to Germany’s constitutional court rejection of a challenge to block a permanent eurozone rescue fund. This is great news for Angela Merkel…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday. Amgen Inc. (NASDAQ: AMGN) cut to Neutral at R.W. Baird. Automatic Data…
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Tuesday morning. American States Water Co. (NYSE: AWR) cut to Neutral…
Spain is again taking the center stage, even after Greece’s Prime Minister Samaras was meeting with Angela Merkel of Germany. And now we have seen headlines on the broad tape that Spain is…
Societe Generale SA on Wednesday blamed its worse-than-expected second-quarter profit on write-downs on assets in the United States and Russia. France’s second-largest lender by market value reported that its net profit in…
Most, or much, of the world hates short sellers. Betting against markets is just unfair, or so goes the logic. There is just one small problem: a market without short sellers is…
European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This…
Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock priced at…
A Cyprus bailout could cost 10 billion euros. (Reuters) Dell (NASDAQ: DELL) bids $2.3 billion for Quest Software (NASDAQ: QSFT). (Reuters) Microsoft (NASDAQ: MSFT) to buy Yammer for $1.2 billion. (Reuters) Facebook…
Reports by two independent auditing firms have concluded that €51 billion-€62 billion will be required to recapitalize Spain’s banks sufficiently to withstand losses expected over the next few years. The IMF had…
