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Archive for the ‘Banking’ Category

The entity that presides Angel Ron, in the process of absorption of Bank Pastor, obtained between January and September net profit of 404 million euros, representing a decrease of 22.5% over the same period last year.

According to its statement to the National Securities Market Commission (CNMV), in these nine months has allocated 1.383 million euros in provisions, of which 170 million correspond to generic provisions.

The delinquency rate stood at 5.85%, while the coverage ratio rises to 98.60%.

In his note to the regulator, Popular highlights the strong performance of its business. As indicated, has captured “4,500 million euros in just one month deposit with Gasol.” Overall, deposits recorded a growth of 3.4%. Read the rest of this entry »

Bank Liberta, Cajastur firm will absorb the banking business of CCM, born with a partner solvency of Santander, BBVA and Popular. According to reliable sources, the intention is that the split with a new bank capital ratio Tier 1 of around 10%, which will be provided by Cajastur and CCM in proportion to their participation. In addition, the FGD protect up to 2,700 million loss the new bank.

Mutation of Caja Castilla La Mancha (CCM) will lead to a new entity with a solvent similar to Asturias, point sources familiar. Therefore, the ratio of Tier 1, consisting of equity plus preferred stock, will be located in the vicinity of 10% over risk-weighted assets. This figure measures the ability of an entity to deal with potential losses on their investments. Read the rest of this entry »

The Bombay Stock Exchange has not had to wait long to take the first disappointment to investors. It was enough for Luis de Guindos announced yesterday in an interview with British newspaper “Financial Times” that the Spanish banks need more than 50,000 million new provisions to consolidate their real estate assets to cause the first crash of the new season.

The FTSE was down 2.94% at the end, although at times the losses came to exceed 3%. In Europe, only Milan had worse performance than the Spanish market. The FTSE MIB, the main indicator of the Italian stock exchange, was left in the day 3.65%, dragged down by UniCredit, the largest Italian bank, whose shares slid 17.27% of its value, in a dark day for all transalpine banking. The rest of the old continent bags closed in the red, but with very moderate falls.

Attack on Italian banks
UniCredit was seriously injured by it intends to apply the discount (43%) in a capital of 8,000 million euros to be launched to strengthen their own resources. The bank, whose stock was suspended by stock exchange authorities of the country to the very strong sales of titles, had lost 14.50% on Wednesday.

The lack of investor confidence in the Spanish and Italian banks had its translation in other European banks. The three major French banks (Société Générale, BNP, Credit Agricole) yielded more than 5%. In Germany, Deutsche Bank shares fell 5.6% and Commerzbank, the 4.45. The British financial system, largely nationalized since the beginning of the crisis, was the least noted the doubts return to continental plan on the bench. Barclays Bank gave 2.47% and Royal Bank of Scotland, 2.34%.

Fear of commissions
While nothing is yet known of the details of the new provisions, or what toxic assets are calculated real estate, stock Bankia has estimated that the Spanish banks would need another 6,000 million capital to raise the coverage of 30% to 50 %, according to Efe, with Civic Banking at the top (1,273 million), followed by Santander (1,197), Popular (973) and BBVA (897). Banco Sabadell and Caixabank have surplus capital.

Users Association of Banks, Banks and Insurance Adicae fears that the need for new banking writedowns end up being paid to further increases in the fees that customers pay the banks for holding and disposing of their money. In 2011, fees debit card rose 17.05, and 9.65% for credit cards.

Concerns about the banking sector moved to the risk premiums in all countries, but was particularly apparent in the case of Spain and Italy. Our country risk rose from 351 to 377 basis points and the Italian, from 499 to 525, with 10-year bonds at 5.637% and 7.110% respectively.

Civic Bank remains true to its vocation of being a pioneer in the complex process of restructuring the financial system. So it was in the first wave of integration, which successfully brought together (and not without difficulty) to Caja Navarra, Cajasol, CajaCanarias and Caja de Burgos and also go public in one of the complex moments (in July, in Greek debacle)? and so intended to be in the second round of mergers, which kicks off with the arrival was marked People’s Party and the Government of Spain, which should be outlined before the end of the first half of 2012.

The 72,000 million euros in assets gathered by Civic Bank over the past two years have now been small, and not only to try to qualify for a leadership position in the domestic financial system, but to operate at street level, in the retail banking sector, where the minimum requirement in 2013 will be 150,000 million in assets.
A Civic Banking, like the rest of SIP emerged in recent years of marriage of the old provincial savings banks, not is another path of integration. Read the rest of this entry »

The current crisis of finance has highlighted the failure of an economic system, neoliberal capitalism based on speculation and the impoverishment of large segments of the population. The provision of banks of huge amounts of public money is behind the increase in poverty in our cities, the unemployment, evictions and the progressive dismantling of the welfare state.

Use that financial institutions have given our savings, pensions or mortgages, has been to invest in speculative financial markets and in a production system unsustainable and unjust The result is that our savings have been and are being used in reckless investments and often criminal.

Something we do to change this situation, also acting responsibly in the financial system. It is not uncommon for persons or entities working with social solidarity irresponsible financial institutions. However, there are initiatives “Ethical Banking” which, through the transparency of its management and its choice of the social economy, are getting transform the situation. It is clear that there is no normal and Banking Banking ethics. There is an Ethics and Banking Banking immoral. Read the rest of this entry »

Of the four major entities on the balance sheets of the AEB-Bancopopular-e, Uno-e, Santander Consumer and Inversis Openbank-only subsidiary of BBVA reported losses, which reached 32.93 million euros, compared with the 17.23 million a year ago.

The heavy losses incurred by this organization profit weighed down the whole sector, but the others managed to close with benefits. Uno-e has not been able to overcome the negative data in losses since it entered in September 2008.

Among the main causes affecting the outcome of the subsidiary BBVA is the increase in loss provisions for investment impairments of credit, which increased by 37 million euros to 87 million.

Excluding One-e, the benefit of the Internet’s major banks reached 17.32 million euros in 2009, up 16% from a year ago, when these three entities (Bancopopular, Openbank and Inversis) achieved an overall result of 20 75 million euros.

In the fall of the result is also influenced by the sharp decline Open bank benefit, which in 2008 earned a profit of 17.23 million euros, while profit in 2009 was only 1.77 million in 2009.
The agency cut its interest margin and gross margin by more than 24%, while commission income fell by four million euros and provisions for impairment loss on loans and receivables rose by 124,000 euros. Read the rest of this entry »

Graduate Programme in Banking and Financial
The Morin Center administers the Graduate Program in Banking and Finance and should be your first stop for administrative and academic information. We intend to use this website as an information center on Morin Center and the Graduate Program. We welcome your comments and suggestions on how to make this site a useful tool.

Curriculum
The Graduate Program in Banking and Finance is designed specifically for graduate students and consists of three main types of courses: regulatory, transactional and business. regulation courses provide solid grounding in the structure and content of laws and regulations. transactional courses familiarize students with typical operations and activities such as the securitization of commercial loans and mergers and acquisitions. business courses aimed at providing an understanding of economics and business principles to a financial services lawyer need a lawyer to represent clients and financial efficiency. The curriculum is reviewed periodically and revised to ensure it reflects current developments and anticipated future trends while emphasizing the fundamentals. Read the rest of this entry »

Interest rates are very low. In previous articles we gave some advice on high-yield deposits that could still recruit even earlier this year, but at this stage of the crisis and Euribor from soils (an advantage for those with mortgage), it is really hard to find deposits have the same yields as last year.

However, not everything is gray. Experts predict a future rise in interest rates, possibly later this year or early 2010. That would be a very propitious moment to hire a good deposit of these to one year with an attractive interest.

Until that moment, what we can do is opt for the existing short-term deposits in the banking system today. They come in 3 or 6 months. It is true that when returns are handled very small (between 1 and 3%) but otherwise have a very low CPI (1%) resulting in a range of customer purchasing power to the tank.

Before hiring a deposit, always assure the cancellation policy. Most, to cancel early, forcing you to pay compensation but it never exceeds the interest earned. What is sacrosanct is the initial capital that you have deposited.

1. SERVICE COMMISSION
A fixed sum paid regularly and simply to hire and keep the service active. It will automatically be reflected on the accounts, has been movement / negotiation or not.

2. MANAGEMENT COMMITTEE
It applies simply to trade. On the website of Ausbanc reported that the commission apply both maintenance and management and on its website you can download a standard letter to request the bank to duplicate fees refund

3. COMMISSION FOR overdrafts or exceeds CREDIT ACCOUNT
Is passed when the current account remains in the red (exposed).

4. COMMITTEE payment demands
The commission is passed on to the client when the default of a certain share of a loan, when the current account is overdrawn or to any other similar circumstances.

5. STUDY GROUP (ALSO CALLED fee)
Is the price the customer pays as commission is made only for a feasibility study of a financing transaction requested by it (consumer credit, credit checking, import financing, export payment, etc.).