Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

As Europe Closes, Top German Bank Chief Warns: Banking Situation Is "More Dramatic" Than In 2008


Right at 11:30 AM (ET) when Europe closed, an ominous headline came out.

RTRS-GERMAN DEVELOPMENT BANK KFW CHIEF SCHROEDER- SITUATION OF BANKING INDUSTRY IS "MUCH MORE DRAMATIC THAN IN 2008

We haven't seen more context yet. That's from FT Alphaville's Neil Hume.

Needless to say, the funding situation in Europe is very bad.

Along the same themes, earlier FT's Tracy Alloway published chart from Deutsche Bank, showing that through 2011, there's been no net new issuance of bank debt in Europe.

bank issuance

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:


Reposted fromSigalonbandf Sigalonbandf

Don't be the product, buy the product!

Schweinderl