mariarosa78
Forumer attivo
ma se banco popular espanol è stato acquistato per 1 euro simbolico da santander perchè la xs0979444402 si è azzerata.......grazie
Obbligazioni bancarie Risoluzione Banco Popular DE0009190702
- Creatore Discussione Jackrussel
- Data di Inizio
Fabrib
Forumer storico
European authorities stepped in to avert a collapse of Spain's Banco Popular (>> Banco Popular Espanol)following a run on the bank, orchestrating a last-minute rescue on Wednesday by Santander (>> Banco Santander), the country's biggest lender.
European authorities stepped in to avert a collapse of Spain's Banco Popular (>> Banco Popular Espanol) following a run on the bank, orchestrating a last-minute rescue on Wednesday by Santander (>> Banco Santander), the country's biggest lender
Owners of Popular bonds faces losses of some 2 billion euros, while Santander will ask its shareholders for around 7 billion euros (£6.1 billion) of capital to absorb Spain's sixth biggest bank.
Popular's rescue was unveiled as the European Central Bank announced the lender was set to be wound down, echoing a banking crash some five years ago that cost Spain 40 billion euros.
Santander's takeover of the bank, which has been weighed down by risky property loans, for a nominal one euro marks the first use of a stricter European Union regime to deal with failing banks adopted after the financial crisis.
The sale was organised in less than 24 hours, and followed a recent acceleration in the withdrawal of deposits, which two people with knowledge of the matter said had in recent weeks hit 18 billion euros, equivalent to almost one quarter of the total.
A final decision to sell Popular was made at about 0430 GMT on Wednesday, Dominique Laboureix, a member of the Single Resolution Board, told a news conference in Brussels. The SRB is the agency set up by the EU to wind down stricken banks.
In contrast to earlier crises, the hurried sale of Popular did not spook markets and banking stocks rose in Europe.
"This deal is good for Spain and it's good for Europe," Santander chairman Ana Botin said of the agreement, which breaks the mould of using taxpayers' money, instead imposing losses on shareholders and creditors of the bank.
This resolution worked in Santander's favour, and was described by two debt investors as unexpected, with the owners of so-called AT1 and AT2 bonds suffering roughly 2 billion euros ($2.2 billion) of losses and shareholders losing everything.
The ECB said there was a "significant deterioration of the liquidity situation of the bank in recent days" and that in the near future Popular would have been "unable to pay its debts".
Up to 2 billion euros a day was being taken out of the bank by savers last week, another source told Reuters.
"We got it done before markets opened. That was the target," Elke König, who chairs the Resolution Board, said.
Unlike Italy, which has been grappling with problem lenders for years, Spain's reaction was prompt and in contrast to the 2008 banking crisis it met with calm in the markets.
"This shouldn't pose any real problems for other banks," Aberdeen Asset Management Head of Credit Research Laurent Frings said. "But it does show that there is real risk in investing in these second-tier names."
Banco Popular Espanol : ECB triggers overnight Santander rescue of Spain's Banco Popular | 4-Traders
BOTIN SEES BENEFIT
Spanish Economy Minister Luis de Guindos said Santander's takeover was a good outcome for Popular given its situation in recent weeks and it would have no impact on public resources or other banks.
Botin welcomed Popular customers and said that the combination of the two would strengthen Santander's geographic reach as the economies in Spain and Portugal improved. "It gives certainty and stability to Spain's financial sector," she said.
Santander, which was unaffected by the banking crisis in Spain that forced Madrid to seek international aid, said buying Popular would accelerate growth and profit from 2019.
The group, with operations from South America to Britain, said it would set aside 7.9 billion euros to cover the cost of non-performing assets, which are loans at risk of non-payment.
Struggling under the weight of 37 billion euros of non-performing property assets left over from Spain's financial crisis, Popular had seen its share price slump.
It was among a handful of banks that emerged as vulnerable to stress, such as an economic downturn, in a European Banking Authority simulation last summer and had remained vulnerable with a ratio of risky loans around three times above the average of its Spanish rivals.
But Popular's small and medium-sized company loan portfolio, the largest among Spanish lenders, presents an opportunity for Santander, which said it would now lead this growing market.
It will also sell off at least half of Popular's property assets within about 18 months.
(Additional reporting by Andres Gonzalez, Jose Elias Rodriguez, Angus Berwick and Sonya Dowsett in Madrid, Francesco Canepa in Frankfurt and Jan Strupczewski, Francesco Guarascio in Brussels and Helene Durand in London; writing by John O'Donnell; Editing by Keith Weir/Alexander Smith)
By Jesús Aguado and Francesco Guarascio
European authorities stepped in to avert a collapse of Spain's Banco Popular (>> Banco Popular Espanol) following a run on the bank, orchestrating a last-minute rescue on Wednesday by Santander (>> Banco Santander), the country's biggest lender
Owners of Popular bonds faces losses of some 2 billion euros, while Santander will ask its shareholders for around 7 billion euros (£6.1 billion) of capital to absorb Spain's sixth biggest bank.
Popular's rescue was unveiled as the European Central Bank announced the lender was set to be wound down, echoing a banking crash some five years ago that cost Spain 40 billion euros.
Santander's takeover of the bank, which has been weighed down by risky property loans, for a nominal one euro marks the first use of a stricter European Union regime to deal with failing banks adopted after the financial crisis.
The sale was organised in less than 24 hours, and followed a recent acceleration in the withdrawal of deposits, which two people with knowledge of the matter said had in recent weeks hit 18 billion euros, equivalent to almost one quarter of the total.
A final decision to sell Popular was made at about 0430 GMT on Wednesday, Dominique Laboureix, a member of the Single Resolution Board, told a news conference in Brussels. The SRB is the agency set up by the EU to wind down stricken banks.
In contrast to earlier crises, the hurried sale of Popular did not spook markets and banking stocks rose in Europe.
"This deal is good for Spain and it's good for Europe," Santander chairman Ana Botin said of the agreement, which breaks the mould of using taxpayers' money, instead imposing losses on shareholders and creditors of the bank.
This resolution worked in Santander's favour, and was described by two debt investors as unexpected, with the owners of so-called AT1 and AT2 bonds suffering roughly 2 billion euros ($2.2 billion) of losses and shareholders losing everything.
The ECB said there was a "significant deterioration of the liquidity situation of the bank in recent days" and that in the near future Popular would have been "unable to pay its debts".
Up to 2 billion euros a day was being taken out of the bank by savers last week, another source told Reuters.
"We got it done before markets opened. That was the target," Elke König, who chairs the Resolution Board, said.
Unlike Italy, which has been grappling with problem lenders for years, Spain's reaction was prompt and in contrast to the 2008 banking crisis it met with calm in the markets.
"This shouldn't pose any real problems for other banks," Aberdeen Asset Management Head of Credit Research Laurent Frings said. "But it does show that there is real risk in investing in these second-tier names."
Banco Popular Espanol : ECB triggers overnight Santander rescue of Spain's Banco Popular | 4-Traders
BOTIN SEES BENEFIT
Spanish Economy Minister Luis de Guindos said Santander's takeover was a good outcome for Popular given its situation in recent weeks and it would have no impact on public resources or other banks.
Botin welcomed Popular customers and said that the combination of the two would strengthen Santander's geographic reach as the economies in Spain and Portugal improved. "It gives certainty and stability to Spain's financial sector," she said.
Santander, which was unaffected by the banking crisis in Spain that forced Madrid to seek international aid, said buying Popular would accelerate growth and profit from 2019.
The group, with operations from South America to Britain, said it would set aside 7.9 billion euros to cover the cost of non-performing assets, which are loans at risk of non-payment.
Struggling under the weight of 37 billion euros of non-performing property assets left over from Spain's financial crisis, Popular had seen its share price slump.
It was among a handful of banks that emerged as vulnerable to stress, such as an economic downturn, in a European Banking Authority simulation last summer and had remained vulnerable with a ratio of risky loans around three times above the average of its Spanish rivals.
But Popular's small and medium-sized company loan portfolio, the largest among Spanish lenders, presents an opportunity for Santander, which said it would now lead this growing market.
It will also sell off at least half of Popular's property assets within about 18 months.
(Additional reporting by Andres Gonzalez, Jose Elias Rodriguez, Angus Berwick and Sonya Dowsett in Madrid, Francesco Canepa in Frankfurt and Jan Strupczewski, Francesco Guarascio in Brussels and Helene Durand in London; writing by John O'Donnell; Editing by Keith Weir/Alexander Smith)
By Jesús Aguado and Francesco Guarascio
Wallygo
Forumer storico
perchè Santander oltre che all eurino simbolico ha voluto lo sconto sulle passività del popular ...i subordinati in questo senso andavano benissimo ..a proposito ne ho conteggiati 1,9 mld (tra AT1,T1 T2) avete altri dati?
mac
Forumer storico
Questo è per me il colpo finale all'eventuale possibilità di un futuro acquisto di sub bancarie.
Con questa regole non c'è rapporto rischio/rendimento che tenga.
... vuolsi così colà dove si puote quel che si vuole ....
Ultima modifica:
Vet
Forumer storico
Se le cosa si ripete paro paro per le italiche..... e' facile prevedere , a mio avviso, la tempesta perfetta per i subordinati .... che il dio del danaro c'e' ne scampi.....
angy2008
Forumer storico
le sub bancarie vanno considerate per quello che realmente sono : puntate al casinò con le roulette truccate a beneficio del banco, che si chiami Popular o altro cambia poco per chi non ha accesso ai conti reali ma solo a quelli dei bilanci da vetrinaQuesto è per me il colpo finale all'eventuale possibilità di un futuro acquisto di sub bancarie.
Con questa regole non c'è rapporto rischio/rendimento che tenga.
... vuolsi così colà dove si punte quel che si vuole ....
Wallygo
Forumer storico
cmq l At1 santander Banco Santander S.A. Anleihe: 6,250% | Umsätze | Börsen | A1ZN7R | XS1107291541 dopo un piccolo sbandamento stamattina in apertura diciamo fino alle 10 si sta riprendendo benino questo per dire che non si può generalizzare .. un conto è un AT1 di banco popular un conto è un AT1 di HSBC o Barclays ....i gradi di rischio sono inevitabilmente diversi
e aggiungo anche DB che dopo la valanga di multe miliardarie che ha preso , in poco tempo ha messo su un AUC da 8mld chiuso in pochissimo tempo dal ghota della finanza mondiale...
e aggiungo anche DB che dopo la valanga di multe miliardarie che ha preso , in poco tempo ha messo su un AUC da 8mld chiuso in pochissimo tempo dal ghota della finanza mondiale...
Ultima modifica:
darkog
In Hoc Signo Vince..
Analizzando un attimo a freddo la situazione.
La cosa sconcertante è che non serve prospetto, non serve subordinazione..
Leggere prospetti, AT1 con conversione..
Vecchi T1 che potevano essere convertiti solo con BS o Bail in.
T2 Idem..
No, qui si è azzerato tutto. E' arrivata santander con una valigetta con dentro 7bio dicendo: "noi compriamo la baracca a 1€, qui abbiamo 7bio per fare ADC. Che facciamo? In cambio però il patrimonio deve essere azzerato e i sub azzerati."
Via con il tappeto rosso.
11bio (di cui 3 di intangible) di patrimonio e 2bio di subordinati cancellati in una notte.. Come se non fossero mai esistiti.
Poi vai a scoprire che santander aveva senior 2020 al 2%.. Che oggi stanno a 102 da 92 di ieri..
Alla fine il gioco è semplice..
Cosa ci vuole a fare diventare il PN negativo e azzerare tutto?
Vediamo le varie banche medie europea se valorizzano NPL e NPE a prezzi ridicoli come escono con il PN?
Alla fine santander ha fatto le regole del gioco e la spagna si è venduta.
13 miliardi in fumo. Se io avessi subordinati, T1 vecchi o T2 farei sicuramente causa.
Voglio vedere a quanto hanno valorizzato NPL, NPE e Reo.
Sicuramente di quanto bastava per azzerare tutto.
Poi bellissimo la conversione dei T2 in equity popular e poi trasferiti a santander a 1€.
La cosa sconcertante è che non serve prospetto, non serve subordinazione..
Leggere prospetti, AT1 con conversione..
Vecchi T1 che potevano essere convertiti solo con BS o Bail in.
T2 Idem..
No, qui si è azzerato tutto. E' arrivata santander con una valigetta con dentro 7bio dicendo: "noi compriamo la baracca a 1€, qui abbiamo 7bio per fare ADC. Che facciamo? In cambio però il patrimonio deve essere azzerato e i sub azzerati."
Via con il tappeto rosso.
11bio (di cui 3 di intangible) di patrimonio e 2bio di subordinati cancellati in una notte.. Come se non fossero mai esistiti.
Poi vai a scoprire che santander aveva senior 2020 al 2%.. Che oggi stanno a 102 da 92 di ieri..
Alla fine il gioco è semplice..
Cosa ci vuole a fare diventare il PN negativo e azzerare tutto?
Vediamo le varie banche medie europea se valorizzano NPL e NPE a prezzi ridicoli come escono con il PN?
Alla fine santander ha fatto le regole del gioco e la spagna si è venduta.
13 miliardi in fumo. Se io avessi subordinati, T1 vecchi o T2 farei sicuramente causa.
Voglio vedere a quanto hanno valorizzato NPL, NPE e Reo.
Sicuramente di quanto bastava per azzerare tutto.
Poi bellissimo la conversione dei T2 in equity popular e poi trasferiti a santander a 1€.
darkog
In Hoc Signo Vince..
Oggi è così..
Ma se DB dovesse tirare fuori tutta la schifezza che ha in pancia voglio vedere dove va a finire..
Ragazzi mai come ora è da stare in campana..
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