"Right at 11:30 AM (ET) when Europe closed, an ominous headline came out.
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.
at http://www.businessinsider.com/kfw-bank-chief-situation-is-much-more-dramatic-than-in-2008-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1X6jEmwK5
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.
at http://www.businessinsider.com/kfw-bank-chief-situation-is-much-more-dramatic-than-in-2008-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1X6jEmwK5
