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US Airlines Accept Government's Workforce Aid
Wednesday, April 15, 2020 - 10:10am | 1482Read More...Ten major airlines have tentatively agreed to accept federal assistance to keep employees on their payrolls through Sept. 30 after balking for the past week over surprise terms presented by the Treasury Department. Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier...
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Benzinga Market Primer, Monday March 18
Monday, March 18, 2013 - 5:22am | 878Read More...Futures Sharply Lower on Cypriot Bailout, Deposit Raid U.S. equity futures traded sharply lower in early pre-market trade Monday after EU leaders agreed to a bailout in principle for Cyprus, however choosing to penalize savers in the country for the bailout. The EU is set to place a levy on...
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Benzinga Market Primer: Tuesday, February 19
Tuesday, February 19, 2013 - 6:19am | 893Read More...Futures Rise on ZEW Survey U.S. equity futures rose in pre-market trading modestly after earlier posting losses as the German ZEW Economic Sentiment Index. The Index was released at 48.2 for February, well above forecasts of a reading of 35 and above the January reading of 31.5. It is important to...
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Previewing Thursday's ECB Decision: Disappointment Looming?
Wednesday, September 5, 2012 - 3:41pm | 633Read More...The European Central Bank is expected to launch a new round of sterilized bond purchases aimed at capping yields on peripheral bonds tomorrow. However, there have been few details announced and there remains much for markets to be disappointed despite Wednesday's rumors. Markets anticipate some...
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Fitch Says Spain's Banks May Require Another Bailout
Friday, August 10, 2012 - 11:04am | 337Read More...Fitch said Friday that the ratings firm believes Spain's Memorandum of Understanding (MOU) on the bank recapitalization plan represents a far reaching reform of the Spanish banking sector. However, the ratings agency warned that this may not be the last such bailout for the troubled financial...
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Former ECB Chief Economist Stark: Not So Fast
Tuesday, July 31, 2012 - 8:19am | 759Read More...Former chief economist of the European Central Bank Jurgen Stark has openly stated reservations about any further bond buying from his former employer. In a radio interview with Deutschlandfunk in his native Germany, Stark vehemently opposed bond buying by the ECB, stating that it was against the...
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Fitch Downgrades 18 Spanish Banks, Spanish 10-Year Yield Goes Postal, Euro Plummets
Tuesday, June 12, 2012 - 9:30am | 351Read More...On Tuesday, Fitch downgraded the long-term issuer default ratings (IDR's) of 18 Spanish banks. This comes just a week after Fitch downgraded Spain's sovereign rating. Fitch is anticipating further deterioration of the banks' loan portfolios, particularly for those heavily exposed to construction...
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Benzinga Market Primer, Tuesday June 12
Tuesday, June 12, 2012 - 6:22am | 478Read More...US stock futures are higher this morning, recouping some losses from yesterday when we saw a 2% reversal in stocks to close on the absolute lows. Stocks opened on high's yesterday, as traders hoped that the Spanish bailout would be a real game changer. However, fears soon rose over the amount of...
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Spanish "Bailout" and Market Reaction: What's the Rally?
Monday, June 11, 2012 - 6:01pm | 1145Read More...Over this past weekend the Spanish government secured $125 billion in bailout funds (Prime Minister Mariano Rajoy prefers to call it a line of credit) to secure the Spanish banks. The goal was to “ring fence” the banks from any further runs, particularly in light of this...
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Benzinga Market Roundup: Spanish Hope Fades Into a Sea of Red
Monday, June 11, 2012 - 3:41pm | 495Read More...In the morning primer, I wrote "Stock futures and other risk assets are up overnight as the Eurogroup agreed to a bailout package of the Spanish banks overnight and Chinese data was not as bad as expected following the surprise rate cuts last week." Well, that was a premature reaction. What we...
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PIIGS Nations: Not Just Good At Accumulating Debt, but Pretty Good at Soccer Too
Monday, June 11, 2012 - 2:42pm | 500Read More...As the UEFA European Championship, commonly known as Euro 2012, continues through the first matches of the group stage, an interesting pattern arises. Of all sixteen nations in the tournament, only three nations, the Czech Republic, Italy, and Ireland, have not defaulted since the year 1300....
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Is the Spanish Bailout About to Jeopardize the Credit Ratings of the Healthy Nations?
Monday, June 11, 2012 - 11:51am | 346Read More...In a report following up on the Spanish bailout, Credit Suisse highlights the good, the bad, and the ugly of the Spanish bailout. It is true that the speed at which this decision was reached was rather speedy for the Europeans, however more is left to be done. Credit Suisse highlights three...
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The Pain in Spain and the Private Sector Subordination Continues in the Latest Sovereign Bailout
Monday, June 11, 2012 - 8:32am | 613Read More...As the European Debt Crisis has now taken down its fourth nation, now batting .800 or four out of five, let us discuss the bailout that may not be as stellar as originally thought. As I wrote on Friday, a European TARP could not work, and so the question became of what shape would the Spanish bank...
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Benzinga Market Primer: Monday, June 11
Monday, June 11, 2012 - 6:26am | 678Read More...Good morning on this Monday, and it is a good Monday as we wake up to see a sea of green. Stock futures and other risk assets are up overnight as the Eurogroup agreed to a bailout package of the Spanish banks overnight and Chinese data was not as bad as expected following the surprise rate cuts...
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6 Most Influential Loans of the 21st Century
Friday, June 8, 2012 - 11:29am | 65Read More...When you're big, they call it a bailout. Take a look at some of the most influential bailouts of the 21st century. Image courtesy of Plain Green Loans
