Search Results for: financial crisis
Magic Circle Law firms pick up spots on new EU banking panel
August 5th, 2016
Magic Circle firms Clifford Chance and Linklaters have been joined by Hogan Lovells and PwC on a new panel created by the new EU authority responsible for winding up banks. The EU’s Single Resolution Board (SRB) tendered for legal advisers earlier this year, ...
EY looks to face a renewed investigation by Irish regulator
August 3rd, 2016
EY looks set to face a renewed investigation by the Irish accountancy regulator into its role as the former auditor of Anglo Irish Bank (AIB), following the conclusion of a lengthy trial of three executives at the bank and ...
Euro-Area Output Unexpectedly Picks Up as Brexit Qualms Fade
August 3rd, 2016
Purchasing Managers’ Index rises to 53.2 in July from 53.1 Gauge signals little contagion from U.K. vote, Markit says Euro-area output unexpectedly accelerated to the highest in six months, signaling that manufacturers and services providers are shrugging off concerns ...
The Price Of Oil Is Crashing Again, And That Is Very, Very Bad News For The U.S. Economy
August 2nd, 2016
This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, ...
Most European Banks Survive Stress Test
August 1st, 2016
European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle to ride out a hypothetical severe economic downturn. The European ...
Brexit post-mortem
July 29th, 2016
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing ...
ESMA issues overview of European Prospectus activity
July 29th, 2016
The European Securities and Markets Authority (ESMA) has published statistical data on the number of prospectuses approved and passported by the National Competent Authorities (NCAs) of the European Economic Area (EEA) within the EU prospectus regime. The report shows ...
The real message from asset inflation
July 22nd, 2016
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to ...
“Soon” And “Really, Really Crazy.”: Starting Up The Helicopters
July 14th, 2016
As the abject failures of the past few years’ monetary experiments became apparent, it was clear that something else would have to be tried. The only questions were when this would happen and how crazy the next iteration would ...
Italy may trigger collapse of European economy
July 11th, 2016
No emergency measures of either the European Central Bank or any other central banks can rescue the European banking system that currently stands on the verge of collapse. The shares of Europe’s largest financial institutions – Deutsche Bank and ...
