EU bank recap too blunt an instrument for Spain

October 27, 2011

The point of Europe's recap exercise is to restore confidence in banks and allow them to once again start financing themselves in the wholesale market. Resolving the sovereign debt crisis would clearly help Spain, and by extension its banks. But it won't resolve doubts about possible future real-estate losses in Spain.

Europe’s banks must stop making muppets of savers

May 29, 2012

Lenders in Spain and elsewhere have flogged their own bonds to unsophisticated retail customers. Such investments look ill-advised, at least. It also makes it harder for governments to impose pain on creditors, leaving taxpayers on the hook. The practice should be banned.

Europe’s banks will suffer less from U.S. tax

January 14, 2010

European banks should suffer less than their American counterparts from the Obama administration’s proposed bank tax.