David Moss News
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Mitt Romney urged voters to reject President Barack Obama and his “job-killing” regulations. Obama’s victory last week shows many Americans aren’t as reflexively anti-Washington as Romney expected.
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Banco Santander SA, the Spanish bank selling assets to bolster its capital, may be emboldened to cut its “artificially high” dividend in the wake of Telefonica SA’s reduction, according to F&C Investments’ David Moss.
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Spanish Prime Minister Mariano Rajoy’s proposal to force banks to recognize further losses from real estate holdings may backfire by saddling healthy lenders with the bill.
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European insurers, which hold about 8 percent of southern euro-zone sovereign debt, may survive writedowns without raising capital by passing losses onto customers.
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European banks, which need to refinance more than $1 trillion of debt next year, may struggle to fund themselves until policy makers follow through on a pledge to guarantee their bond sales.
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Backroom trading in Congress has put meaningful financial overhaul in jeopardy at the 11th hour.
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Banco Bilbao Vizcaya Argentaria SA faces a test of its 18-month-old assertion that defaults have peaked as growth stagnates in a Spanish economy that still accounts for about 60 percent of its loan book.
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Banco Santander SA Chief Executive Officer Alfredo Saenz and Chairman Emilio Botin may be grilled by investors over the next two days on whether Spain’s biggest bank needs more capital as a surge in bad loans curbs profit.
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European leaders may struggle to maintain the euphoria that drove the euro to its biggest one-day gain in more than a year as scrutiny deepens on their latest attempt to stem the region’s turmoil.
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