The “second wave,” if prolonged, could cause bad loans to almost triple, to €1.4 trillion, says the ECB.More
Highly Leveraged Commercial Real Estate Bets that UK Local Authorities Took to Meet Budget Shortfalls Begin to Unravel
With impeccable timing.More
Private-Equity Firm Blackstone, Spain’s Largest Landlord, Tries to Unload its Properties
What does it mean when Wall Street mega-landlords that bought the impaired assets after the last crash are trying to unload during the worst economic crisis on record?More
Small-Business Emergency Loan Program in the UK Threatens to Descend into Chaos
A goldmine for enterprising criminals. Even legitimate borrowers face sky-high default rates. Taxpayers to eat the losses.More
Hong Kong’s Overleveraged Commercial Real Estate Tycoons Unravel, Prices Plunge, Creditors Begin to Take Over
Another 34% markdown. The haste with which creditors want to execute the sale adds to the gloom.More
Commercial Real-Estate Fallout Even Douses the Queen of England
Office Workers Are Again Told to Work from Home, Retailers Don’t Pay Rents, UK Commercial Property Owners Sink Deeper into the Mire.More
Grim Summer Turns to Long Cold Winter for European Airlines as Passenger Traffic Dives Again
A struggle for basic survival and for new money to burn.More
Hit from All Sides, European Bank Stocks Swoon to 1988 Low
Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks.More
On Concerns about Turkey’s Financial Health, Lira Dives to New Low, Cost of Insuring Turkish Sovereign Debt Nearly Doubles
The heavy weight of debts denominated in foreign currency. Borrowing in dollars & euros is cheap until it isn’t.More
What’s to Be Done Now with All These Zombie Companies?
Saving the Zombies in EuropeMore
Nick Corbishley 