negusneg
New Member
L'ultimo numero di Bank & insurance hybrid capital (è uscito a luglio):
http://bihcapital.com/wp-content/uploads/BIHC7.pdf
http://bihcapital.com/wp-content/uploads/BIHC7.pdf
Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3
- Creatore Discussione Joe Silver
- Data di Inizio
nik.sala
Money Never Sleeps
Difatti lt2 giù
bia06
Listen other's viewpoint avoid conflicts & wars.
A proposito di Petrobras, BancoBra T1 & Co.....
Brasile: il Pil ha segnato nel secondo trimestre 2015 un calo dell'1,9% rispetto al trimestre precedente e una flessione del 2,6%
su anno. Il dato è inferiore alle attese degli analisti che avevano stimato una contrazione trimestrale dell'1,7% e annuale del
2,1%. Il Paese carioca è così entrato in recessione tecnica, dopo che anche nel 1Q aveva registrato un ribasso del Pil.
Brasile: il Pil ha segnato nel secondo trimestre 2015 un calo dell'1,9% rispetto al trimestre precedente e una flessione del 2,6%
su anno. Il dato è inferiore alle attese degli analisti che avevano stimato una contrazione trimestrale dell'1,7% e annuale del
2,1%. Il Paese carioca è così entrato in recessione tecnica, dopo che anche nel 1Q aveva registrato un ribasso del Pil.
fabriziof
Forumer storico
Hsh
HSH Nordbank AG’s owners are debating plans to transfer about 10 billion euros ($11.3 billion) of bad loans into a separate bad bank in a restructuring aimed at shedding legacy assets and winning European Union approval for state aid, people with knowledge of the proposal said.
In meetings with EU authorities in recent weeks, HSH and its stakeholders proposed moving more than half of the bank’s 15.4 billion euros of non-performing loans into a special purpose vehicle controlled by HSH Finanzfonds, a public agency that manages most of the shares held by the German states that control the lender. HSH bankers may continue to oversee the sale or winding down of the loans, said the people
While reducing the backstop under the restructuring plan would help HSH shed distressed assets more quickly, it would also mean Hamburg and Schleswig-Holstein having to stump up as much as six billion euros in capital for the bad bank, which would be unpopular with voters, the people familiar with the negotiations said. Whether the plan will meet EU state-aid rules is also unclear, they said.
The states, which are scheduled to hold elections in 2017 and 2020, respectively, must convince the electorate that tackling a revamp now will spare taxpayers an even costlier restructuring at a later date, according to the people. Shifting a portion of the bad loans into a bad bank would also bolster HSH’s rating and refinancing position, Oesterreich said.
Fees to use the guarantee facility are dragging on HSH’s earnings, swelling to 3.2 billion euros since 2009, including 2.4 billion euros in cash payments to the guarantors.
HSH Nordbank AG’s owners are debating plans to transfer about 10 billion euros ($11.3 billion) of bad loans into a separate bad bank in a restructuring aimed at shedding legacy assets and winning European Union approval for state aid, people with knowledge of the proposal said.
In meetings with EU authorities in recent weeks, HSH and its stakeholders proposed moving more than half of the bank’s 15.4 billion euros of non-performing loans into a special purpose vehicle controlled by HSH Finanzfonds, a public agency that manages most of the shares held by the German states that control the lender. HSH bankers may continue to oversee the sale or winding down of the loans, said the people
While reducing the backstop under the restructuring plan would help HSH shed distressed assets more quickly, it would also mean Hamburg and Schleswig-Holstein having to stump up as much as six billion euros in capital for the bad bank, which would be unpopular with voters, the people familiar with the negotiations said. Whether the plan will meet EU state-aid rules is also unclear, they said.
The states, which are scheduled to hold elections in 2017 and 2020, respectively, must convince the electorate that tackling a revamp now will spare taxpayers an even costlier restructuring at a later date, according to the people. Shifting a portion of the bad loans into a bad bank would also bolster HSH’s rating and refinancing position, Oesterreich said.
Fees to use the guarantee facility are dragging on HSH’s earnings, swelling to 3.2 billion euros since 2009, including 2.4 billion euros in cash payments to the guarantors.
Cat XL
Shizuka Minamoto
Fossi un detentore delle LT2 starei molto attento.
Magician
Forumer attivo
- RBI : good news for Polish banks and RBI in particular.
According to Bloomberg, the Polish Senate’s finance commission recommends upper chamber reversing lower chamber’s decision to force banks to bear 90% of costs related to CHF-loans conversion to zloty. It is also recommending that the cost of the conversion is spread over time, depending on LTV (similar to original proposal).
Remember that the first option was to split at 50-50% CHF-loan cost between banks and government. This solution should not threaten the stability of banking industry but only limit dividend payouts. On the contrary, a 90%-10% split adverse decision for banks would have represented a cost of EUR5.2bn according to the Polish regulator that would reduce strongly the capital of the most exposed banks :
- BCP Millenium (EUR4.7bn)
- RBI (EUR3.2bn)
- Commerzbank (EUR3bn)
- Unicredit and Santander (EUR1bn each)
Senators will vote on the plan September 2-3 and even if hurdles still exist, the 50%-50% scenario seems to be the more likely.
Good news for RBI which is in the process to sell its Polish subsidiary by 2016 even if a 50-50% burden sharing would cost around 20bp of CET1 ratio.
According to Bloomberg, the Polish Senate’s finance commission recommends upper chamber reversing lower chamber’s decision to force banks to bear 90% of costs related to CHF-loans conversion to zloty. It is also recommending that the cost of the conversion is spread over time, depending on LTV (similar to original proposal).
Remember that the first option was to split at 50-50% CHF-loan cost between banks and government. This solution should not threaten the stability of banking industry but only limit dividend payouts. On the contrary, a 90%-10% split adverse decision for banks would have represented a cost of EUR5.2bn according to the Polish regulator that would reduce strongly the capital of the most exposed banks :
- BCP Millenium (EUR4.7bn)
- RBI (EUR3.2bn)
- Commerzbank (EUR3bn)
- Unicredit and Santander (EUR1bn each)
Senators will vote on the plan September 2-3 and even if hurdles still exist, the 50%-50% scenario seems to be the more likely.
Good news for RBI which is in the process to sell its Polish subsidiary by 2016 even if a 50-50% burden sharing would cost around 20bp of CET1 ratio.
fabriziof
Forumer storico
bisogna vedere il prospetto,magari c'è un floor a zero per il valore dell'euribor
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