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Anonymous
Potentially undervalued european banks.
2016-02-17 17:04:06 Post No. 1098110
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Potentially undervalued european banks.
Anonymous
2016-02-17 17:04:06
Post No. 1098110
[Report]
>The idea is that the costs of a failing bank should be absorbed by its bondholders (i.e. the bank’s creditors), shareholders and depositors with more than €100,000 before asking the taxpayers to chip in, as they did in 2008-09.
>In practice, however, this new directive has created panic among bank investors
http://www.theglobeandmail.com/report-on-business/rob-commentary/europes-banks-still-too-big-to-fail-but-our-new-response-remains-to-be-tested/article28769928/
Thoughts? Are big institutions pulling out their money due to internal policy and a "better safe than sorry" attitude among executives who don't want to shoulder the blame if something goes wrong? Or are their concerns justified and the economy is in dire straits?
I wouldn't put any money into some dodgy Italian bank, but what about a more reliable bank that has been dragged down in the panic? desu I don't think I will but I think this is worth watching