The largest of the European Union (EU) banks fell more than their US peers in the recent credit crisis since their leverage ratio and the exposure to market risk was higher.Many European bank stocks such as ING Bank (ING), Royal Bank of Scotland (RBS), Societe Generale (SCGLY), Commerzbank(CRZBY), Lloyds Bank(LYG) fell sharply last year and …
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The publishers of FinanceAsia magazine have released the Best Private Bank Country Awards for 2009. From Wikipedia: ” Private banking is a term for banking, investment and other financial services provided by banks to private individuals investing sizable assets. The term “private” refers to the customer service being rendered on a more personal basis than …
 Source: Der Spiegel The global economic crisis is wreaking havoc on shipping: Demand and prices have collapsed and ports are filling up with fleets of empty freighters. The crisis has fueled cut-throat competition and not all companies will survive. Germany’s Hapag-Lloyd alone needs 1.75 billion euros to stay afloat.Shipping Industry Fights for Survival The number …
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Emerging markets are once again the hot destination for investors this year. Brazil continues to be a favorite destination for foreign capital. The central bank of Brazil, Banco Central Do Brasil recently released the “Brazil’s Economic Chart Pack” showing a snapshot of the current state of the economy. Some of the interesting charts are presented …
The S&P; 500 Index is up 11.87% as of August 7, 2009. The Financials in the index are up 14.43%. However many of the foreign banks have risen considerably higher in the recent run-up in global markets. In fact many of the foreign bank ADRs are up over 50% Year-To-Date (YTD). Three foreign banks have …
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