bad loans

Where The Spreadsheet Meets The Road

By |2014-05-06T17:05:49-04:00May 6th, 2014|Bonds, Currencies, Economy, Markets|

The European recovery narrative continues without abate despite the lack of validation by something so basic as employment. In tandem with unemployment, inflation has failed to materialize as promised, more than suggesting far more nuance to the recovery failure than simply a return of positive numbers (including PMI’s). While the disinflation has to be a welcome respite among far too [...]

Early Warnings In the Italian Loan Market

By |2013-05-15T15:49:46-04:00May 15th, 2013|Economy, Markets|

Banco Popolare, one of the 25 largest banks in Europe and one of Italy’s largest, was forced to inject “capital” into a subsidiary joint venture, Agos Ducato SpA.  Losses have been mounting at Agos, a consumer lending conduit in Italy, for more than a year.  The company is joint venture between Banco and French megabank, Credit Agricole. Banco had already [...]

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