In October of last year the European Banking Authority published the results of its stress test results of European banks. Most of the banks studied by the agency passed the test with only 13 identified to need extra capital including Banca Monte dei Paschi di Siena SpA of Italy, National Bank of Greece(NBG). From a Journal …
Continue reading ‘On the Tier 1 Common Ratio of Large U.S. Banks’ »
Doral Financial (DRL) was shutdown by the FDIC on Friday Feb 27th, 2014. It was one of the largest banks in Puerto Rico and struggled to survive for many years.Bank closures have declined substantially since the financial crisis and so far this year only four have failed according to data by the FDIC. When its stock …
In many countries across the world banking industry is dominated by a handful of banks. These banks are the largest in those countries based on factors like market capitalization, market share of deposits, home mortgages, etc. In a few countries just four banks dominate the industry. These banks are called as the “Big Four”. According …
Continue reading ‘A Note on the “Big Four” in Four Countries’ »
On May 31, 2013 I wrote an article on National bank of Greece when it implemented a second reverse split and suggested that investors avoid Greek stocks. From the article: National Bank of Greece (NBG) has implemented a reverse split for the 2nd time in less than two years. In November, 2011 when the reverse …
Continue reading ‘The Worst Performing Foreign Bank ADR YTD: National Bank of Greece’ »