Sentences with phrase «european bank debt»

«Distressed Investing: European Bank Debt and Claims — Before You Say «Done,»» SRZ Conference, New York, November 2011

So insured bank deposits are now effectively subordinate to uninsured European bank debt.

Up to 700 billion euros of European bank debt comes due this year, with about 200 billion euros coming due the first quarter, according to Bloomberg data.

Not exact matches

The European Central Bank on December 3 dropped one of its main policy rates to negative 0.3 % from negative 0.2 % and said it would extend its bond - buying program, under which it creates euros to purchase debt, to at least March 2017.

GENEVA — Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19 - year - old legal case aimed to wrest 46 million Swiss francs in debts allegedly owed by him and others to a European bank.

Benoit Coeure, executive board member of the European Central Bank (ECB), told reporters Friday that the clearer the debt measures are, the easier it will be for Greece to regain market access.

When the leaders of the world's major economies convene in Toronto on June 26, their schedule will be laden with big issues, from ending stimulus spending to the European debt crisis to the debate over a global bank tax.

GENEVA (AP)-- Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19 - year - old legal case aimed to wrest 46 million Swiss francs ($ 46 million) in debts allegedly owed by him and others to a European bank.

What we don't know the state of credit default swaps held by banks against sovereign debt and against European banks, nor do we know the state of CDS held by British banks, nor are we certain of how certain the exposure of British banks is to the Ireland sovereign debt problems.»

«If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.

LONDON, May 3 - At a time when the impending withdrawal of European Central Bank stimulus was expected to hurt southern European bond markets, so - called «peripheral» euro zone debt continues to outperform its higher - rated peers.

With most of these debts being held by Chinese entities, it's unlikely we'll see a banking crisis in the same way we could have seen if Greece or Spain went belly up, said Lau — many foreign banks hold European bonds — but we've seen markets panic on far less worrisome Chinese news in the past.

The Eurozone crisis could be ended tomorrow if the European Central Bank (ECB) announced it was going to launch a mammoth campaign to continue buying the bonds of troubled members of the European Community (EC) until growth in EC output and employment bailed them out of their debt burdens.

In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what, once again, is on everyone's mind: «If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.

Now traders head into the week with fresh worries about the chances that Greece will default on its debt and the havoc that would wreak on European banks.

The tense negotiations over Greece's debt come as the Greek government struggles to find a consensus to pass the budget reforms demanded by its so - called troika of lenders — the European Central Bank, European Union and International Monetary Fund — in exchange for releasing the next installment of bailout money, a 30 billion euro ($ 38.3 billion) payout scheduled to be released in March.

Together, those developments underscore that even as Europe's debt turmoil enters its third year, no clear solutions are yet in sight — despite recent signs that a new lending program by the European Central Bank might be easing financial market pressures.

The debt deal, which came on Friday after about 19 similar summits since the start of the debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European banks directly, rather than make loans to governments to bail out the banks.

Athens faces demands to repay $ 7bn of debts in July, including $ 3.5 bn due to the European Central Bank on 20 July.

The bank also took heat from European authorities for arranging currency swaps that helped Greece mask borrowing ahead of its debt crisis.

Significantly, it said its assessment had «not been agreed with the other parties in the policy discussions» — an admission that the fund is at odds with its troika partners, the European commission and the European Central Bank — over the need for debt relief.

In one paper he co-wrote in the spring of 2002, just months after he joined Goldman Sachs to lead its effort to win investment banking business from European governments, Mr. Draghi argued that governments might use financial derivatives like interest rate swaps «to stabilize tax revenue and avoid the sudden accumulation of debt.»

European leaders took a step toward resolving the crisis last Thursday, with an agreement from banks to take a 50 percent loss on the face value of their Greek debt.

And internationally, debt - ridden economies are subject to pressure from inter-governmental institutions such as the IMF and European Central Bank to impose fiscal austerity on their labor force, cut back public spending and even sell off public enterprises.

The bank, in fact, said it believes the Europeans will manage their public debt mess without bringing down the system, and that the Canadian economic outlook has «marginally improved,» in part because the U.S. is doing a little better.

Their financial surrender policy endorses the European Central Bank's lobbying for the neoliberal deregulation that led to the real estate bubble and debt leveraging, as if it were a success story rather than the road to national debt peonage.

LONDON (Reuters)- At a time when the impending withdrawal of European Central Bank stimulus was expected to hurt southern European bond markets, so - called «peripheral» euro zone debt continues to outperform its higher - rated peers.

The EURO area, and by extension the European Union, is confronting a political crisis, a banking crisis, a sovereign debt crisis, and an economic growth crisis.

And the European banks, mostly — maybe not Barclays or Deutsche Bank, but most banks — are not willing to write credit insurance, because everybody at the Böckler Foundation conference here in Berlin, every single economist says there is no conceivable way in which Greece can pay its debts.

Rising U.S. debt supply and the pace of the U.S. Federal Reserve's tightening, the possibility the European Central Bank's quantitative easing program is heading towards the finish line, and concerns about the credit quality of riskier asset classes restrained investors.

This week, the European Central Bank is expected to initiate its own version of quantitative easing, expanding its asset purchase program to include sovereign debt.

The recent announcement by European central banks to restrict further sales of gold and the decision by the IMF to fund its debt - relief initiative with off - market transactions, contributed to a sharp recovery in sentiment in the gold market in late September; the gold price in US dollars increased by around 25 per cent in the wake of these decisions, but has since retraced about half of this rise.

The financing needs coming due in the first quarter «imply that euro area banks will not have extra money as a result of the three - year auction to purchase European sovereign bonds, using a carry - trade strategy, because the amount of fresh cash is less than the amount of bank debt that will mature during the quarter», Powell wrote recently.

Not only to the European banks, but we're talking about a domestic debt holiday very much like Germany's economic miracle, in 1948 the Allied monetary reform, where they canceled all the internal German debts except for the debts that employers used for wages.

European banks have been preoccupied with shrinking their balance sheets and restructuring debt in preparation for a new round of stress tests at the hands of their newly empowered schoolmaster, the European Central Bank.

Fixed Income With this summer's Greek debt crisis having abated somewhat and the European Central Bank (ECB) considering expanding its easy - money policies, US companies are rushing to the eurozone to issue debt at record - low interest rates.

Speaking of which, we have seen time and time again we can not trust banks: The 1997 Asian Financial Crisis, the 2001 Dotcom Bubble and most recently, as mentioned above, the 2008 Subprime Mortgage Crisis which directly led to the 2010 European Sovereign Debt Crisis.

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In normal times, Section 18 of the Act says the Bank can only buy (or sell) certain types of assets — coins, foreign currencies, federal and provincial / territorial debt, debt issued by the U.S., Japan or the European Union, International Monetary Fund (IMF) special drawing rights, and bills of exchange or promissory notes issued by a bank or authorized foreign bank provided they have a maturity of no more than 180 dBank can only buy (or sell) certain types of assets — coins, foreign currencies, federal and provincial / territorial debt, debt issued by the U.S., Japan or the European Union, International Monetary Fund (IMF) special drawing rights, and bills of exchange or promissory notes issued by a bank or authorized foreign bank provided they have a maturity of no more than 180 dbank or authorized foreign bank provided they have a maturity of no more than 180 dbank provided they have a maturity of no more than 180 days.

Earlier optimism over the European Central Bank's bond buying program has waned and concerns about Greece's debt has become a top concern.

In the meantime Mr Varoufakis has stated that Greece will prioritise debt repayments to the Global Monetary Fund, some of which arrive owing in March, but that repayments to the European Central Bank are «in a different league» and will need dialogue with Greece's lenders.

Elsewhere, we favor selected eurozone peripheral debt over other sovereigns, due to higher yields and European Central Bank (ECB) support.

With the majority of the fixed income world taking sides on prize fights like Greece, the European Central Bank (ECB), inflation, and energy - related debt, you may have missed the beating leveraged loans have been receiving in the media.

At a press conference, the European Central Bank President Mario Draghi stated that the bank can not do anything else to help Greece with its ongoing debt issBank President Mario Draghi stated that the bank can not do anything else to help Greece with its ongoing debt issbank can not do anything else to help Greece with its ongoing debt issues.

Given the introduction of several new ECB policies yesterday (expanded QE; purchases of nonfinancial, investment grade corporate debt; new refinancing programs; incentives to reduce the impact of negative interest rates on banks and spur lending) we think the outlook for European credit and equities is quite constructive.

The European Central Bank, in addition to buying member country sovereign - issued debt is now buying corporate bonds, some of which are non-investment grade.

In May 2010, French President Nicolas Sarkozy took the lead in rounding up $ 120bn ($ 180 billion) from European governments to subsidize Greece's unprogressive tax system that had led its government into debt — which Wall Street banks had helped conceal with Enron - style accounting.

What makes this all the more toxic is that European domestic banks and other financial institutions are encouraged to keep the charade going because global banking regulation makes the SOVEREIGN DEBT A ZERO RISK WEIGHTING.

From a financial standpoint, the impact is also very limited because most, if not all, of the debt Greece owes is held by public and governmental entities: the International Monetary Fund, the European Union and the European Central Bank (ECB).

The formation of the European Stability Mechanism1 and regional banking union, coupled with the introduction of policy tools like Outright Monetary Transactions2 and sovereign bond purchases through quantitative easing, should make Europe far more resistant to contagion than it was during the initial phases of the regional sovereign debt crisis, in our view.