European banks pledged last year to cut more than $1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they’ve grown only fatter.
Simon Maughan, an analyst at MF Global, talks with Bloomberg's Ken Prewitt and Tom Keene. For more ``Surveillance'' and ``On the Economy'' podcasts, please visit iAmplify.com.
A surge in Spanish banks shows investors are betting the nation’s 3.4 trillion-euro ($4.5 trillion) financial industry is beginning to heal.
European banks are being forced to sell more long-term bonds as regulators seek to prevent another financial crisis. European insurers say their own regulator will stop them from buying such debt.
Oswald Gruebel and Brady Dougan , once colleagues and now heads of rival UBS AG and Credit Suisse Group AG, are clashing over contingent convertible bonds -- a dispute that reveals how much UBS stands to lose.
European Union leaders are under pressure from investors to devise a comprehensive plan to rescue the region’s banks before a Group of 20 summit in November.
"It reduces the flexibility and it creates weakness for European investment banks."
- Simon Maughan on Oct 15, 2014
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