Contagion spreads: The Ireland effect
CDS spreads increases for Irish financials, but stabilise for eurozone peripherals
CDS spreads on Ireland's sovereign and bank debt remain at elevated levels
European Union action on Ireland’s bank debts points to fears over contagion spreading across peripheral Europe.
Trinity College's Lucey adds, "Thank God we have an honest central bank governor. He's the first official to call it as he sees it."
Governor of the Bank of Spain suggests Irish officials ask for help as fears grow that Dublin’s resistance to a bailout will trigger contagion
European Central Bank's Vítor Constâncio says central counterparties should get access to central bank liquidity so long as they're regulated
IMF's latest financial stability report strikes a cautionary note about the stalled economic recovery
Amundi names senior fixed income investors
Investors remain under-allocated to emerging market debt, despite emerging countries growing more rapidly – and, in many cases, boasting healthier balance sheets – than developed economies, panellists say.
Nomura chief economist Richard Koo warns the US and European economies face double-dip recession and a prolonged period of economic stagnation if stimulus is cut too soon.
The US banking system at risk from commercial real estate woes, the IMF’s first Financial Sector Assessment Programme says
Goldman Sachs investor survey suggests 10 of the 91 banks will fail, requiring an extra €37.6 billion in capital
FOMC officials’ pessimism about conditions highlights challenge central bank faces in fulfilling its dual mandate
Barclays Capital senior economist praises dynamic provisioning approach to loan losses
The European Union and International Monetary Fund agreed a €750 billion emergency loan package in early May, aimed at averting a sovereign default and wider crisis across the eurozone. Nonetheless, banks have been preparing for the worst, stress testing...
The need to craft special treatment for banks that are too big or interconnected to fail has long been a concern for regulators, but of equal importance is the challenge of identifying which institutions should be subjected to such measures. How can financial...
Excessive risk-taking was a major cause of the recent meltdown in the financial markets. Time, then, for corporate governance to return in force
Wider eurozone CDS spreads in early morning trading mirror movements in the equities market
Volatility returns to CDS spreads across the eurozone in early morning trading
Tightening continues on eurozone CDS spreads in a sign of improving market confidence
The International Energy Agency (IEA) slashes global oil demand for 2009 and 2010, following questions over the health of the global economy, weaker-than-expected data from Asia and the Middle East, and repercussions from the volcanic ash cloud and the...
It was a hectic start to the week for CVA traders, as the eurozone bailout shrank the exposures many faced, leaving them over-hedged.
News of a massive EU rescue package has boosted market confidence in European sovereign and bank debt.