Nick Corbishley

Confession Time for Big Banks in Europe: Banco Santander Reports $12.7 Billion Loss

Too-Big-To-Fail Santander is also one of the Eurozone’s worst capitalized banks.More

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A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge

Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.More

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Coca-Cola Confronted by Big Problem in its Second Largest Market. For Once, Political Connections Failed. Oct 1 is the Date.

Per-person consumption of soft drinks in Mexico is the highest in the world. But due to link of obesity to Covid deaths, sugary drinks now face their nemesis.More

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Work-from-Home Unleashes Nightmare for Office Landlords & Surrounding Businesses. Global Banks at the Forefront

“There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past”: Barclays CEO. And companies are following through.More

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Streets and Plazas in Barcelona Still Eerily Quiet as Covid-Chaos Upends Tourism

“Everybody’s drinking beer as if there were no tomorrow, but my bar can barely survive off beer sales alone,” says Yahya, owner of one of my favorite bars.More

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What Happens If Most Businesses & Consumers Tighten Their Belts at the Same Time?

Europe may be about to find out. 128 days with my Mother-in-Law.More

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As the Biggest Restaurant Chains in the UK Fall into Bankruptcy, Attention Turns to KKR & Other PE Firms that Own Them

PE firms sit on lots of cash but won’t invest it in their stripped-bare and failing restaurant chains.More

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UK House Prices in June Fall for First Time Since 2012, Mortgage Approvals Slump to Record Low Despite Reopening

Still waiting for the “Pent-up Demand.”More

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Negative-Interest Rate Champion Bank of France Now Frets About Ballooning Corporate Debt

Central-Bank Forked-Tongue Syndrome.More

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Mall Giant Intu Collapses Into Bankruptcy

A zombie well before the pandemic, the UK company had racked up huge debts to finance rapid growth in a sector that had started shrinking some time ago.More

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