Today, Standard & Poor’slashed its ratings on the creditworthiness of five Spanish banks, just as one of them, Bankia, the nation’s largest real estate lender, requested an additional 19 billion euros in rescue funds from the country, far beyond initial government estimates. Earlier Friday, the Spanish stock market regulator suspended trading in Bankia shares amid expectations that the nationalized bank would be asking for more money. Bankia already had been granted a 4.5 billion euro emergency loan from Spain. Bankia, battered by its exposure to the collapse of Spanish real estate market, also will be restating its 2011 results to show a big loss. Bankia, formed in a seven-way merger in 2010, was meant to be the government’s flagship project to consolidate the savings banks, or cajas. And now?
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As a result, analysts are warning that the outflow of money from Spain, so far relatively limited and led by foreign investors, could turn into a full-fledged bank run. Spain is now in the cross hairs of the three-year-old European debt crisis. The European Commission recently forecast Spain would be the only euro economy in recession next year. Three of the five Spanish banks downgraded by S.& P. on Friday, Bankia, Bankinter and Banco Popular Español, were knocked down to junk status, while the two others — Banco Financiero y de Ahorros and Banca Cívica — were not. The rating agency also kept the ratings of nine other Spanish banks the same, but said the outlook for all of them was 'negative'.
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cortesia NYT
No hay salida desde los traders ya encontraron la ruta para ganar dinero.
ResponderBorrarIncrementalalismo nunca va a sobrevivir, y hasta que los gobernantes europeos lo realizan la solución quedará bien en el futuro.
18:50 June 1, 2012: S&P mantiene en revisión el rating de Ibercaja Banco
ResponderBorrarStandard & Poor´s mantiene en revisión (CreditWatch) con implicaciones negativas las calificaciones BBB- a largo plazo y A-3 a corto plazo de Ibercaja Banco tras el anuncio de fusión con Liberbank. Los consejos de administración de Ibercaja Banco, Liberbank y Banco Grupo Caja3 aprobaron el pasado 29 de mayo el protocolo de integración para crear el séptimo grupo financiero de España. En concreto, la nueva entidad contará con un volumen de activos de 114.000 millones de euros, un capital principal pro forma (a 31 de diciembre de 2011) del 10,5% y una holgada posición de liquidez.