Tag Archives: non-performing loans

Spanish banks on the mend as bad loans subside

The financial crisis of 2007-2009 has left a lot of collapsed Spanish castles in its wake, hitting Spanish banks hard.

Pictures of Spain’s ghost towns were splashed across the world’s newspapers at the beginning of the eurozone debt crisis. True, they weren’t as impressive as the Chinese ghost cities, but they show what excess debt and an inflated real estate sector can do to a country – and to its banks.

However, more than five years on since the crisis, the story is slowly changing.

Continue reading

Italian banks’ bad loans need long-term solution: rating agency

Italian banks’ bad loans are holding back its economy, but creating a “bad bank” and dumping them there is not a good idea, because deeper reforms are needed, a European rating agency has warned.

Continue reading

Sort out the issue of Swiss franc loans, once and for all

By Piroska M. Nagy

This article was first published on the website of the European Bank for Reconstruction and Development (EBRD).

The Swiss National Bank’s January decision to remove the Swiss franc’s cap against the euro has sent shockwaves through the global economy. It triggered particularly strong reactions in parts of central and south-eastern Europe, where currencies in some countries came under severe pressure.

Continue reading

Swiss National Bank makes new victims

The Swiss National Bank’s shocking decision last week to scrap the cap that was preventing the Swiss franc from appreciating to more than 1.20 to the euro continues to play out in the markets.

Continue reading

Dress like a zombie bank this Halloween, says analyst

If you’re still struggling to put together a Halloween costume, RBS strategist Alberto Gallo suggests trying to dress like a zombie bank.

Continue reading