Daniel Davies

EU Stress Tests on Banks ‘Missing the Point,’ Credit Suisse Analysts Say

European regulators’ stress tests on 91 of the region’s banks are in practice assessing government bailout systems rather than the lenders themselves, analysts at Credit Suisse Group AG said.

Goldman Sachs Suit May Prompt Wider Probe, Increased Financial Regulation

The U.S. Securities and Exchange Commission’s fraud suit against Goldman Sachs Group Inc. may trigger additional probes of collateralized debt obligations and lead to stricter regulation, analysts and academics said.

Credit Suisse Said to Hire JPMorgan, Morgan Stanley Analysts

Credit Suisse Group AG hired four bank analysts and two equity salespeople from JPMorgan Chase & Co. in London as it rebuilds a team weakened by departures, according to two people with knowledge of the moves.

Commerzbank Gains After Credit Suisse Raises Bank's Stock to `Outperform'

Commerzbank AG , Germany’s second- biggest bank, advanced in Frankfurt trading after Credit Suisse Group AG upgraded the stock to “outperform.”

EU Ministers Pressured to Give More Stress Test Data

European finance ministers are under pressure to disclose more about the stress tests being conducted on banks to see whether they could withstand losses if the region’s debt crisis worsens.

EU Stress Tests May Be `Missed Opportunity' to Fortify Banks

European Union stress tests found banks need to raise 3.5 billion euros ($4.5 billion) of capital, about a tenth of the lowest analyst estimate, leaving doubts about whether regulators were tough enough.

German Banks May Need to Raise $135 Billion on Rule Changes, Group Says

Germany’s 10 biggest lenders, including Deutsche Bank AG and Commerzbank AG, may need about 105 billion euros ($135 billion) in fresh capital because of new regulation, the Association of German Banks said.

Emerging-Market Stocks Rise for Fifth Day on Recovery, Stress Test Result

Emerging-market stocks gained for a fifth day and currencies strengthened after South Korea’s economy grew faster than analysts estimated and most European banks passed stress tests assessing their strength of capital.

European Banks Rise After Stress Tests Ease Concerns Over Capital Levels

European banks rose, led by Dexia SA and Alpha Bank SA, after stress tests found the region’s lenders need to raise 3.5 billion euros ($4.5 billion) of capital, about a tenth of the lowest analyst estimate.

Banca Monte Paschi di Siena May Fail Bank Stress Test, Credit Suisse Says

Deutsche Postbank AG , Banca Monte dei Paschi di Siena SpA and most of Greece’s largest lenders are the only publicly traded banks that may fail European stress tests and be forced to raise capital, Credit Suisse Group AG said.

"Although exercises looking at the sensitivity of individual banks are not wholly without value, they are largely missing the point."

- Daniel Davies on Jul 05, 2011

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Europe

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