Loans for House Purchases in France: Un Grand Problème?
30 Jun, by in Uncategorized
European markets were generally unfazed by seemingly ho-hum economic data released today....
Bank Loans Tag
More on European Banks: Italy
19 Nov, by in Uncategorized
Following in Spanish banks’ footsteps, the Italian Banking Association announced a 23%yoy increase in non-performing loans in the month of September. The total of about €145 billion accounts for nearly 7.5% of lending (up from just under 6% in the same month last year)....
Spain’s Doubtful Debtors
18 Nov, by in Uncategorized
After a brief decline late last year and into 2013, non-performing loans at Spanish banks increased again in September and now account for 12.7% of lending (up from 12.1% in August and 10.1.% a year ago): Financial companies have been the worst performers in MSCI...
US Private Bank Credit Contracting
14 Oct, by in Uncategorized
New monetary policies like QE have muddied the water somewhat when looking at monetary aggregates like M2. We have a simple adjustment we make to M2 to improve the optics on bank credit....
BOJ Balance Sheet Keeps Increasing, but Follow Through to Real Economy is Waning
11 Oct, by in Uncategorized
The BOJ balance sheet has increased some 39% over the last year and the monetary base has increased about 46%. But, like in the US, the Japanese banks have just been parking their excess reserves right back at the BOJ....