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Monte De Paschi state aid not Basel III, Lloyd close to selling 600 branches | Banking insight

Monte De Paschi de Siena is getting new state aid from Mario Monti’s government of upto EUR 3.5 B to make a pitstop as it was marked by EBA in the recent stress tests for a EUR 3.27 B shortfall.

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Posted in Amitonomics, Banking, Europe, US

A simple Warren Buffet Plan for the Economy

Buffett: chance of U.S. recession “very low” , Thomson Reuters: Reuters Insider http://reut.rs/MnOBnB The transcript from Reuters Insider follows: You can have a two-percentage point deficit relative to GDP and the debt to GDP will not grow. I mean that

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Posted in Amitonomics, Banking, US

European Banks Debt Crisis: Europe & the 3 yr Loans (LTRO)

That fringe blog as it likes to call itself is trying to run the shop like a frustrated Euro trader but his acuity is delightful as it gives us a lot to share in the public domain next only to

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Posted in Financial Markets

Pay Caps at government owned banks, Pay cuts at Global Banks, Capital Deficit in action | Bank Insight

While Credit Suisse and Morgan Stanley lead many others in cutting bnase pay at nearly 30% RBS and Spanish regulators joined in the debate over big bonises. RBS is planning to set up a team to look at options doing

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Posted in Financial Markets

Goldman Sachs reports loss of traders, Volcker Rule gets stomach aches from venture county

Obama’s cash kitty reached $68 mln for the election bid, a good score even as Warren Buffet hoped the Republicans would help pay back the debt after his offer. Benchmark reviews of campaign cash notwithstanding Obama is not getting through unless

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Posted in Amitonomics, Banking, Private Equity, US

US Economy: A late tax deal gets the GOP Elephant

Like all things Economics, we keep the quantitative analysis independent of the mind benders, like Boehner’s wierd antics that cost US another week of brand equity while spending enough to keep chugging along next only to Asia for 2012. Economic

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Posted in Amitonomics, US

US Economy: A Statistics Review ( Another reason to borrow?)

Those who consider our analytical approach too light on statistics and charts must consider a couple of browsing calendars at hand while reading up on the Critical analyses of the day..the first from econoday .com also available at Nasdaq and

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

European Banks Recapitalization: Downgrades, Deleveraging and Discouraging governments?

While there are only a few saving graces from European Banking sky such as Deutsche Bank and HSBC, even those with such a global presence and strong balance sheets are getting mired into the current recapitalisation drive. The top three

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Posted in Amitonomics, Banking, Financial Markets, US

Crisis Theater: The math of being broke | Tom Coburn

On the Senate floor, (embedded video available at Reuters Insider) Senate continues consideration of Sen.Reid’s debt bill, Thomson Reuters: Reuters Insider They are in difficult straits. Matter of Fact they are broke. here’s the ones that are broke..” whole text below.. They

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Posted in Financial Markets

Making Banks rethink salaries | Advantage Change

It is no secret that the British are in favor of a lot of job losses in the banking sector. Lloyds plan to lose 15K jobs came as no surprise. In no small measure, HSBC is also going to cut

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Posted in Banking, Emerging Markets, US