Short post today. The following table shows the performance of Latin American bank stocks so far this year: [TABLE=105] The two Chilean banks Banco Santander and Banco de Chile and the Colombian bank BanColombia are down less than 20% year-to-date. The Brazilian bank Itau is performing well than Banco Bradesco and Unibanco.All the Argentine stocks …
Foreign bank stocks have fallen heavily in the past few months in tandem with their US peers due to the credit crisis. Last week was a crazy week as many of the bank stocks skyrocketed due to the short covering rally. Many are not sure what will happen after the ban on shorting of financials …
The soon-to-be passed bailout plan in the US has a provision that will be favorable to foreign banks. Basically foreign banks that have US operations will be able to offload their worthless toxic assets to the rescue fund to be set up as per the bailout plan. The New York Times piece “Foreign Banks Hope …
The following table lists the most traded ten European ADRs in the US exchanges based on the daily trading volume: [TABLE=5] ING and UBS are the two financials in this group.UBS suspended its dividend few months ago after heavy write-downs due to losses in the credit mess.So its not surprising that the stock is …
Stock markets worldwide are in free-fall mode past few days. Latin America emerging markets have a fallen heavily and so is the Asian markets. Brazil is down over 40% from its recent peak due to the crash in commodity prices. Asian markets like China, India, Vietnam,Singapore have been crushed as well. Shanghai is down over …