European Banks

European banks are firms that operate in the financial sector within the continent of Europe; however, in this day and age, many of the European banks are also operating worldwide. Many of the European banks have encountered financial difficulties, due to the current financial crisis in Europe. Europe’s financial authorities are currently attempting to avert a further crisis amongst the European banks.


This week, the European Central Bank (ECB) offered its second long-term refinancing operation (LTRO) to European banks to the tune of a staggering $712.2 billion. First, let’s make one thing clear, dear reader. When the Federal Reserve here in the…

It’s payback time… In 2008, the now infamous bust of the U.S. housing market placed extreme pressure on U.S. banks and it created a credit crisis in America. A homegrown U.S. recession was then quickly exported to Europe. Now it’s…

U.S. investors are starting the year 2012 with a nice positive push in equities, but caution is warranted due to the turmoil that continues in the eurozone. It appears we’re beginning to see the cracks growing larger in the euro…

Greece’s gross domestic product (GDP) in 2010 was only $304.87 billion. The proposed Greek “bailout” by the European Union includes about $180 billion in cash and a 50% cut in Greece’s debt. This is equal to more than one year’s…

It’s a bird. No, it’s a plane. Maybe it’s Superman! Sorry, it’s none of these things; it’s your friendly central banker to the rescue again! Couldn’t believe the news yesterday morning… To calm banking concerns in Europe, mostly centered around…

The big news story this morning is the intervention in the foreign exchange markets by the Group of Seven (G7) industrialized countries to push down the price of the Japanese yen…something smart currency traders were expecting. The European Central Bank,…

While perusing weekend financial press, I could barely smother a chuckle. Again the economists and various experts are puzzled over how something relatively small, and thus presumed insignificant, can threaten to bring down an entire institution. The first time this…

Are we seeing signs of the perfect storm arising in the stock markets? Not only do we have growth issues in the United States, but Europe and Asia continue to pose issues. I’m not saying the good times are over,…

The newly appointed German Chancellor Angela Merkel recently talked of a rising sales tax, resulting in a plummet in the consumer confidence rating.  Between high energy costs, high unemployment rates, and rising taxes, German consumers are feeling cash-strapped this holiday…

The newest members to join the European Union -- the ones that have overcome communism and attempted to rebuild themselves -- might be facing even further hardship if Prime Minister Tony Blair's proposed budget cut becomes reality. As it stands…

As the European Union grows, so does the availability of banks to its residents.  There are a number of Western banks that have recently set up shop, expanded, or are discussing the move into Eastern Europe.  While there is an…

Wow! Who would have thought that I'd be discussing positive economic news in two commentaries in a row. It doesn't happen too often, so listen up. Last Friday, we saw the best news out of Europe we've seen in some…