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anonymous

Avanzan los futuros en Wall street, pese a la amenaza de s&P a Europa - 0 views

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    Los futuros del índice s&P 500 se posicionan al alza, a pesar de que la agencia calificadora s&P advirtió ayer que podría rebajar las notas crediticias a 15 países de la eurozona.
anonymous

Wall Street cierra en mínimoS de noviembre 2008 - 0 views

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    Las acciones estadounidenses se desploman pronunciando la mayor caída para el s&P 500 desde noviembre de 2008, por la preocupación de que la rebaja de s&P al rating de deuda de los EE.UU. precipitará el deterioro económico.
Adalberto Palma

FT Europe's bank recapitalisation plan must change 2011.10.17 - 1 views

  • sign off on a programme to give banks a deadline of six to nine months to boost capital ratios privately
  • accept some form of state capital.
  • The recapitalisation plan itself must be made tougher
  • ...35 more annotations...
  • three-pronged reform agenda
  • capital plan
  • capital holes
  • it would be somewhere between €100bn ($137bn) and €200bn.
  • the plan needs to change
  • forced to meet the planned 9 per cent core tier one capital ratio in such a short time
  • determined not to raise fresh money – either from shareholders, because equity prices are so disastrously low, or from the state, because of an understandable fear of being stigmatised as a bailed-out bank that is weaker than its rivals
  • they would shrink their balance sheets, reducing the risk-weighted assets (or lending commitments) that form the denominator of their capital ratios, rather than boosting the capital that forms the numerator.
  • shrinkage of available bank credit across Europe
  • protesting about the lack of funding.
  • politicians and small business
  • the banks are bluffing
  • There is a strong reason to call their bluff
  • second prong
  • that will not be enough
  • normalise banks’ access to liquid funds in the bond markets.
  • Dexia,
  • often not insufficient capital that kills a bank (Dexia’s ratios were top-notch) but a lack of liquidity
  • short-term funding and long-term lending commitments proved fatal.
  • International regulators
  • come up with a new measure
  • the net stable funding ratio
  • will limit profitability and the banks have protested. But it should happen.
  • there needs to be a quick fix, too
  • there has been no issuance of bank bonds
  • Only with a temporary guarantee from a European Union vehicle can bond markets be reopened.
  • policymakers need to tackle the root cause of the problems in the periphery – namely, their budgetary mismanagement.
  • Silvio BerluSconi
  • must be ousted by the Italian people
  • entirely within the gift of those preparing for the weekend summit.
  • first two reforms
  • brave political calls, laying policymakers open to accusations of handing money to bankers again
  • the lesser of two evils
  • accompanied by an enforceable regime of business lending commitments
  • normal rules of capitalism have already been suspended. We should stop pretending otherwise and make the necessary intervention quickly and decisively
Adalberto Palma

The Shrinking U.S. Banking Sector: On Balance, Who BenefitS? - 0 views

  • There were 157 bank failures in the country last year, the most since 1992, according to the Federal Deposit Insurance Corporation (FDIC)
  • consolidation process is now under way.
  • 6,529 commercial banks and 1,128 savings institutions by the end of this year. That is a 4.4% decline from the previous year, and it leaves the country with nearly half as many institutions as it had 20 years ago
  • ...34 more annotations...
  • In 1933 alone, about 4,000 commercial banks and 1,700 savings and loans institutions failed.
  • Kenneth H. Thomas
  • not all customers will benefit from greater consolidation
  • U.S. federal government rolled out variouS lawS in 1784 to encourage multiple bankS in individual StateS.
  • wave of consolidation occurred in 1994
  • "Many small banks feel that they are being pushed out of existence by new regulations,
  • swing of the pendulum last year, consolidation returned to 1994 levels. But in contrast to previous times, much of the consolidation has been due to failures
  • Loretta J. Mester
  • "In the short term, I think consolidation will pick up as weaker banks go through mergers and acquisitions, and stronger banks take time to get their capital shored up" in their pursuit of greater efficiency and economies of scale,
  • institutions that will likely be hardest hit by all this activity will be the community banks
  • have less than $1 billion of assets, but account for 92% of all banks and savings institutions,
  • Dodd-Frank Wall Street Reform and ConSumer Protection Act waS a death knell
  • experts expect consolidation to continue, and predict that the trend will leave the banking system better off in the long run. "We don't really need as many banks as we used to,"
  • Their plight hasn't been lost on the FDIC, which has launched various initiatives to give community banks some relief.
  • guidelines that lighten requirements for how these banks manage customers whose accounts are consistently overdrawn.
  • community banks play an important role in local economies. They typically have close relationships with individual customers
  • Todd A. Gormley,
  • "Smaller firmS and local individualS trying to get loanS from larger bankS could be a SubSet of the population that iS worSe off becauSe of conSolidation,
  • concentration in geographic markets
  • are an important factor in the reciprocal relationship between lender and borrower
  • consolidation also leaves a handful of banks controlling the majority of certain types of products.
  • Four "mega banks" -- Wells Fargo, Bank of America, JPMorgan Chase and Citigroup -- now hold three-fifths of the home mortgage market, which limits consumers' choice of products and their ability to shop around for competitive pricing. "It's a textbook issue of a concentration of power," Guttentag says. "A limited number of firms control the market, and they will engage in implicit collusion."
  • borrowers with low incomes or bad credit are significantly less likely to default on loans if they borrow from a local bank than if they receive a loan from a distant bank or mortgage company.
  • some cities, states and regions have just one dominant bank.
  • Pittsburgh metropolitan area, PNC Bank has 47% of the deposit share, according to the FDIC. The second-largest bank in the area is Citizens Bank of Pennsylvania, which has 8.5% of the deposit share.
  • no limits on deposit shares in certain markets, 1994's Riegle-Neal Act imposes a 10% cap on nationwide deposits for a single bank.
  • Treasury Department is now looking into modifying the cap to include all consolidated liabilities.
  • consumers need not worry
  • Mester
  • While the total number of banks may be declining, the number of branches isn't.
  • In the last 10 years, the number of bank branches nationwide has increased 15%, although that expansion has primarily involved banks with $500 million or more in assets. The number of branches dropped slightly for the first time in a decade in 2010.
  • Guttentag
  • the number of banks will continue to shrink, but he doubts the U.s. will ever look like, say, Canada -- which has just 22 banks. Indeed, if consolidation continues as it has over the past 20 years at the average annual rate of 3.3%, it would take 60 years for the total number to fall below 1,000 banks and nearly 130 years to get below 100.
  • if the number of banks shrinks from 6,000 to 100, if those 100 are operating in all market segments and if consumers have many options, there is no reason for concern," Guttentag
anonymous

Idea de trading con el CFD del S&P 500 - 0 views

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    Aunque la semana pasada el s&P cerró en los 1.250 puntos, por encima de los promedios móviles que se muestran neutrales, a corto plazo el panorama es tan errático que el índice podría tanto subir a 1.300 puntos como bajar a 1.200.
Adalberto Palma

FT Banks need to compete in good behavior 2010.09.09 - 0 views

  • “This awful summer? We’ve only ourselves to blame ...” s
  • Banks need to compete on good behaviour
  • opportunity to right this.
  • ...19 more annotations...
  • few now expect anything better from our banks.
  • Barclays
  • Much has been written about culture and values in banking.
  • our banks have become degenerate any less off beam?
  • Bankers and politicians
  • roups held in equally low esteem by the public.
  • could lead to a rule-based industry and codified moral rectitude.
  • António Horta-Osório, Lloyds’ chief executive, last week called for an end to the sales culture in banking that has driven so many scandals.
  • Sir John VickerS gave clear recommendationS on the induStry’S Structure,
  • Anthony Saltz,
  • ead a review of the bank’s “values, principles and standards of operation”.
  • Bank boards and executive teams elsewhere know they must respond to such calls.
  • hold bank boards accountable as custodians of a healthy culture.
  • he word culture, when applied to banks, is almost always connected to pay – as in “bonus culture” or “culture of greed”
  • but by good human behaviour and it will be rooted in the legitimate expectations of a bank’s clients, shareholders, regulators and employees – not to mention the needs of society
  • the strongest source of competitive advantage in future will be how people behave when no one is looking. Organisations made up of talented people with the right values will be most likely to outperform.
  • reasons for hope
  • The Vickers commission achieved
  • political consensus.
anonymous

Los inversores estadounidenses esperan con optimismo la cumbre europea - 0 views

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    Los futuros del índice s&P 500 escalan 6,50 puntos, a la espera de los resultados de la cumbre que se celebrará este viernes entre los líderes europeos.
anonymous

Los mercados de Wall street retoman la tendencia bajista de fondo - 0 views

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    Los inversores se ven desmotivados porque Moody´s anunció que revisaría los ratings de 26 países de la UE en el primer trimestre de 2012, ya que desconfía de las nuevas medidas para resolver la crisis de deuda.
anonymous

La amenaza de S&P a Europa cauSa pérdidaS en el petróleo - 0 views

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    Pese a que la amenaza de s&P de bajar la calificación de 15 miembros de la Eurozona llega un poco tarde, los inversionistas aprovechan la coyuntura para tomar beneficios del petróleo que ayer tocó máximos de tres semanas.
anonymous

Suben loS futuroS en Wall Street, a la eSpera del dato de inflación - 0 views

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    Los futuros del índice s&P 500 avanzan 7,10 puntos: los inversores aguardan el dato sobre la inflación de los Estados Unidos en noviembre, que se publica en la jornada.
anonymous

EE.UU.: Los inversores esperan con optimismo la reunión Merkel-sarkozy - 0 views

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    Los futuros del s&P 500 avanzan, a la espera de la reunión en París, donde los mandatarios de Alemania y Francia tratarán de acordar las condiciones de la unión fiscal para la estabilización de la zona euro.
anonymous

Los mercados de Wall street anticipan una buena actividad manufacturera - 0 views

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    Los futuros del s&P 500 avanzan 6,10 puntos, ante el optimismo de los inversores gracias a las expectativas positivas sobre la actividad manufacturera en Filadelfia y Nueva York en diciembre.
anonymous

EE.UU.: Los inversores esperan conocer las ventas de viviendas - 0 views

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    Según laS eStimacioneS, laS ventaS de caSaS de Segunda mano regiStraron el mayor aumento en el meS de diciembre deSde mayo de 2010. Sin embargo, loS futuroS del S&P 500 cotizan en negativo anteS de la apertura.
anonymous

Los futuros de Wall street, afectados por la falta de avances respecto al canje de deuda griego - 0 views

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    Los futuros del índice s&P 500 transan 7,50 puntos a la baja, ya que los ministros de finanzas de la eurozona no lograron llegar a un acuerdo acerca del plan de canje de deuda del país heleno con los acreedores privados.
anonymous

Las rebajas de s&P en Europa acaban con la racha de la Bolsa de México - 0 views

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    La rebaja de S&P a varioS paíSeS de Europa acabó con el alza acumulada por la BolSa de México a lo largo de una Semana y corre el rieSgo de que la caída Se prolongue aún máS Si hoy el IPC no reSpeta loS 36.500 puntoS al cierre.
anonymous

EE.UU.: Los inversores esperan conocer la confianza del consumidor - 0 views

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    Los futuros del s&P 500 cotizan 0,30 puntos a la baja: los inversores aguardan los datos de confianza del consumidor. se estima un aumento en el índice correspondiente al mes de enero.
anonymous

EE.UU.: Los inversores esperan conocer nuevos indicadores - 0 views

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    Los futuros del índice s&P 500 operan 0,80 puntos al alza antes de la apertura del mercado. Los inversores aguardan el IPC, los subsidios por desempleo y los permisos de construcción, entre otros datos.
anonymous

Wall Street extiende rally e ignora laS rebajaS de ratingS de S&P - 0 views

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    Wall Street cierra al alza extendiendo el rally de doS SemanaS para el S&P 500 apoyada en laS optimiStaS expectativaS de la economía eStadoundienSe y menoreS coStoS de endeudamiento en ESpaña.
anonymous

Los futuros de Wall street, otra vez bajo el dominio de Grecia - 0 views

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    El índice S&P 500 tranSa 1,60 puntoS en zona verde anteS de la apertura. LoS inverSoreS Se mueStran optimiStaS ante la reunión de loS mandatarioS de la eurozona Sobre el canje de deuda del paíS heleno.
anonymous

Los futuros de Wall street anticipan datos positivos en los EE.UU. - 0 views

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    Los futuros del s&P 500 ganan posiciones. Los inversores aguardan con optimismo las cifras referentes a las ventas de viviendas nuevas y al gasto del consumidor, que arrojarían un incremento significativo.
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