oldmouseit
Forumer storico
patema che può non pagare la cedola e può non esercitare la call.
come tutti i perpetui, nulla in particolare
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2
- Creatore Discussione caligola2005
- Data di Inizio
- Stato
patema che può non pagare la cedola e può non esercitare la call.
come tutti i perpetui, nulla in particolare
Rottweiler
Forumer storico
Mi sa che Draghi li ha proprio fregati 
Riporto qui un articolo dal Bild, significativamente intitolato: "ECB insanity"
lol, tradotto con Google in inglese: l'impressione è quella di un pugile che si è ritrovato al tappeto senza neppure rendersene conto. In effetti c'è da chiedersi: cosa ne è della balance sheet della BCE dopo questo intervento? E dopo quello di febbraio? Che probabilità ci sono che la Germania possa minacciare di togliere il disturbo, quando è (pesantemente) corresponsabile delle liabilities della BCE?
Riporto anche:
*un articolo da Handelsblatt, ripreso da Reuters: qui non si nasconde la preoccupazione, anche se solo per cenni, per la situazione.
*un passaggio da Die Welt
Draghi ne sentirà delle belle nei prossimi giorni....
ECB INSANITY
cheap-billion for banks
The credit offered by the ECB is well received: € banks borrow nearly half a trillion euros.
The European Central Bank uses to unprecedented measures to shore up the euro banknotes.
The monetary authority, banks lend 523 489 200 000 000 € to favorable conditions for a period of up to three years.
The euro area banks have been so covered with significantly more liquidity than expected. Bank economists on average had expected about 300 billion €.
The ECB had announced the measure in parallel to its last rate cut, a worsening of the crisis in the banking sector - to prevent - and in the real economy.
Background: The banks borrow money at present for fear of risks in the financial statements are reluctant to each other money.
Furthermore, the market for new bank loans with which the houses could borrow capital, almost dried up. Therefore, experts fear that the banks could restrict the supply of credit to businesses dramatically.
With the loans from the ECB is to supply the economy with cheap money as possible should be ensured.
Some economists see in the credit program of the ECB but also an indirect state funding. Because of the low-interest loans, banks could buy government bonds € of €-problem children, and thus reap a respectable profit.
So the ECB would also help in the markets under pressure of crisis countries. However, the central bank denies any such intentions.
The interest to be paid by the banks, is based on the records of the weekly main refinancing operations of the institutions with the ECB over the term of three years. He currently is 1.0 percent - equivalent to the prime rate in the euro area.
The cunning plan of the ECB
21.12.2011, 14:20 clock
Almost 500 billion euros to banks to borrow for three years at the Central Bank. The windfall is not just a bank rescue package. In fact, it goes to the ECB's debts States. And the taxpayer is liable.
by Hannes Vogel and January Mallien
In the bureaucratic language of central bankers to hear what took place on Wednesday on the European financial markets, almost like a routine business: In order to support the liquidity of the European money markets, the Council of the European Central Bank (ECB) decided to close two longer-term refinancing operations with hang a term of 36 months, divided by the central bankers.
In fact, today's money market operations of the ECB in its shape is unique: 489 billion euros have been pumped by the commercial banks in the euro zone at low interest rates by the central bank. Analysts had expected an average of 310 billion euros in the previous week or € 250 billion had been expected - the financial greed of the banks exceeds all expectations.
DC Motor- Long Life Brush
Never before has the Fed to banks for such a long period of time has lent money. While longer-term refinancing operations are part of the instruments of the ECB. Normally, this, however, had a maturity of three months. Since the Lehman collapse in October 2008, the ECB has also been repeatedly awarded money over a year to the banks. The biggest deal to date was in June 2009: At that time, the ECB 442 billion a year.
With the so-called three-year tender, the ECB will now be on another huge support program. It focuses only on the surface of the banking sector. Because the truth is that unprecedented monetary action a rescue package for the debt countries. The ECB, with its flood of money through the back door just that, while they are reluctant publicly to date: She throws on the printing presses in order to indirectly finance the debt wobbly euro countries.
"Monetary policy can not do everything," ECB chief Mario Draghi had yet issued at the weekend in an interview with Britain's Financial Times hopes for massive bond purchases by the Fed, a rejection. This day proves that it is not everything, but some can.
[I]States go bankrupt, the ECB is sitting on losses
................
However, the measure of the ECB also carries risks. Because the half-trillion euro has been created out of nothing. Economists fear not that caused by the increase of money inflation risks, as the ECB's liquidity could collect through other measures quite well again.
New ECB chief starts with bang
But there is a risk that the banks get used to the generous supply of liquidity. In addition, the economic risk for the ECB raised indirectly. Because in the end ends up the money, which the ECB provides the banks with the central bank again. If banks buy money from the Spanish government bonds, they file it with the ECB as collateral for new money. € went bankrupt states, the ECB is sitting on losses.
And finally, the measure may complicate future rate hikes. Because of the interest for the money allocation is pegged to the average prime rate. If the ECB would raise this, automatically become more expensive borrowing for the banks that have expressed concern at the tender money. And these are mainly financial institutions from the crisis countries. Joachim Scheide from the Kiel Institute for World Economics sees the flood of money so with skepticism. "One wonders
Riporto qui un articolo dal Bild, significativamente intitolato: "ECB insanity"
lol, tradotto con Google in inglese: l'impressione è quella di un pugile che si è ritrovato al tappeto senza neppure rendersene conto. In effetti c'è da chiedersi: cosa ne è della balance sheet della BCE dopo questo intervento? E dopo quello di febbraio? Che probabilità ci sono che la Germania possa minacciare di togliere il disturbo, quando è (pesantemente) corresponsabile delle liabilities della BCE?Riporto anche:
*un articolo da Handelsblatt, ripreso da Reuters: qui non si nasconde la preoccupazione, anche se solo per cenni, per la situazione.
*un passaggio da Die Welt
Draghi ne sentirà delle belle nei prossimi giorni....
ECB INSANITY
cheap-billion for banks
The credit offered by the ECB is well received: € banks borrow nearly half a trillion euros.
The European Central Bank uses to unprecedented measures to shore up the euro banknotes.
The monetary authority, banks lend 523 489 200 000 000 € to favorable conditions for a period of up to three years.
The euro area banks have been so covered with significantly more liquidity than expected. Bank economists on average had expected about 300 billion €.
The ECB had announced the measure in parallel to its last rate cut, a worsening of the crisis in the banking sector - to prevent - and in the real economy.
Background: The banks borrow money at present for fear of risks in the financial statements are reluctant to each other money.
Furthermore, the market for new bank loans with which the houses could borrow capital, almost dried up. Therefore, experts fear that the banks could restrict the supply of credit to businesses dramatically.
With the loans from the ECB is to supply the economy with cheap money as possible should be ensured.
Some economists see in the credit program of the ECB but also an indirect state funding. Because of the low-interest loans, banks could buy government bonds € of €-problem children, and thus reap a respectable profit.
So the ECB would also help in the markets under pressure of crisis countries. However, the central bank denies any such intentions.
The interest to be paid by the banks, is based on the records of the weekly main refinancing operations of the institutions with the ECB over the term of three years. He currently is 1.0 percent - equivalent to the prime rate in the euro area.
The cunning plan of the ECB
21.12.2011, 14:20 clock
Almost 500 billion euros to banks to borrow for three years at the Central Bank. The windfall is not just a bank rescue package. In fact, it goes to the ECB's debts States. And the taxpayer is liable.
by Hannes Vogel and January Mallien
In the bureaucratic language of central bankers to hear what took place on Wednesday on the European financial markets, almost like a routine business: In order to support the liquidity of the European money markets, the Council of the European Central Bank (ECB) decided to close two longer-term refinancing operations with hang a term of 36 months, divided by the central bankers.
In fact, today's money market operations of the ECB in its shape is unique: 489 billion euros have been pumped by the commercial banks in the euro zone at low interest rates by the central bank. Analysts had expected an average of 310 billion euros in the previous week or € 250 billion had been expected - the financial greed of the banks exceeds all expectations.
DC Motor- Long Life Brush
Never before has the Fed to banks for such a long period of time has lent money. While longer-term refinancing operations are part of the instruments of the ECB. Normally, this, however, had a maturity of three months. Since the Lehman collapse in October 2008, the ECB has also been repeatedly awarded money over a year to the banks. The biggest deal to date was in June 2009: At that time, the ECB 442 billion a year.
With the so-called three-year tender, the ECB will now be on another huge support program. It focuses only on the surface of the banking sector. Because the truth is that unprecedented monetary action a rescue package for the debt countries. The ECB, with its flood of money through the back door just that, while they are reluctant publicly to date: She throws on the printing presses in order to indirectly finance the debt wobbly euro countries.
"Monetary policy can not do everything," ECB chief Mario Draghi had yet issued at the weekend in an interview with Britain's Financial Times hopes for massive bond purchases by the Fed, a rejection. This day proves that it is not everything, but some can.
[I]States go bankrupt, the ECB is sitting on losses
................
However, the measure of the ECB also carries risks. Because the half-trillion euro has been created out of nothing. Economists fear not that caused by the increase of money inflation risks, as the ECB's liquidity could collect through other measures quite well again.
New ECB chief starts with bang
But there is a risk that the banks get used to the generous supply of liquidity. In addition, the economic risk for the ECB raised indirectly. Because in the end ends up the money, which the ECB provides the banks with the central bank again. If banks buy money from the Spanish government bonds, they file it with the ECB as collateral for new money. € went bankrupt states, the ECB is sitting on losses.
And finally, the measure may complicate future rate hikes. Because of the interest for the money allocation is pegged to the average prime rate. If the ECB would raise this, automatically become more expensive borrowing for the banks that have expressed concern at the tender money. And these are mainly financial institutions from the crisis countries. Joachim Scheide from the Kiel Institute for World Economics sees the flood of money so with skepticism. "One wonders
Ultima modifica:
grappa24
Nuovo forumer
grazie mille... scusami ma temevo che mi fosse sfuggita qualche notizia particolarmente negativa.... meglio cosi... un giretto penso di farcelo grazie di nuovo
oldmouseit
Forumer storico
beh i tedeschi devono tacere visto Commerzbank.
Si ricordassero che gli aiuti di stato-Alitalia docet-sono vietati
Si ricordassero che gli aiuti di stato-Alitalia docet-sono vietati
claudioborghi
Twitter: @borghi_claudio
Certo che queste adesioni così alte (66%) ad opa carità........fanno un pò paura.........a voi no????
no...
a me interessa quello che fa l'emittente non il parco buoi... Quando erano stati collocati a 100 l'adesione dl pubblico è stata del 100%
Se avessi liquidi operei anch'io
ferdo
Utente Senior
thanks!
"...In our view, the risk of weaker banks being nationalized and bondholders
being forced to contribute to a restructuring is not limited to peripheral European
markets. We maintain a conservative positioning within the financial
sector and recommend a reduced allocation to bank bonds. Subordinated
bonds of Eurozone banks should currently be avoided entirely...."
Ovviamente negativi!
Mi lascia perplesso che questa asta fosse stata menzionata molto rapidamente nel report precedente.
being forced to contribute to a restructuring is not limited to peripheral European
markets. We maintain a conservative positioning within the financial
sector and recommend a reduced allocation to bank bonds. Subordinated
bonds of Eurozone banks should currently be avoided entirely...."
Ovviamente negativi!
Mi lascia perplesso che questa asta fosse stata menzionata molto rapidamente nel report precedente.
Onoff
Forumer attivo
Maal, per pura coincidenza un titolo tradato è proprio quello anche se IWB non si riferiva a A bn mentre mi raccontava del rateo.
Tra un paio di giorrni ti racconto cosa mi hanno accreditato.
negusneg
New Member
Grazie cris
Ma questi hanno davvero la faccia come il q...
Ce lo siamo dimenticati che UBS era (e per certi versi è ancora) una delle banche europee più sgarrupate?
Vogliono far credere che il problema sono le banche italiane quando loro avevano una leva che neanche Deutsche Bank (o Lehman Brothers)?
E poi ci sono connazionali che tutti contenti vanno in Svizzera per risparmiare sulle tasse, spendendo il triplo fra aggi, ritenute, spese, commissioni...
dierre
Forumer storico
se ti può consolare me è successa la stessa cosa, nello stesso periodo + o -,
con altra banca, ma credo che quotasse flat.
Credo (se qlc dotato di BBG volesse confermare...
) quoti ancora così.
samantaao
Forumer storico
il pensiero che mi era venuto:
non è che questa iniezione sia stata fatta per superare un prossimo brutto evento dopo il quale il funding sarebbe impossibile x un bel po'?
mi tocco, ma sta faccenda non mi sconfinfera
chiedono core t1 più alto, poi soldi a pioggia x 3 anni, bho
spero sia solo lo spettro della recessione ed una concessione all'inflazione... ma come mi insegnarono sperare è da coglioni, per cui il tarlo mi logora
non è che questa iniezione sia stata fatta per superare un prossimo brutto evento dopo il quale il funding sarebbe impossibile x un bel po'?
mi tocco, ma sta faccenda non mi sconfinfera
chiedono core t1 più alto, poi soldi a pioggia x 3 anni, bho
spero sia solo lo spettro della recessione ed una concessione all'inflazione... ma come mi insegnarono sperare è da coglioni, per cui il tarlo mi logora
Ultima modifica:
- Stato
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