Peso collapse and inflation force Spanish companies and banks — second largest investors in Argentina, behind US companies — to tally their losses.More
One of World’s Construction Giants Admits Using Risky Hidden-Debt Loophole “Across Group.” Australian Subsidiary Crushed
This “crack cocaine for CFOs” was also extensively used by Carillion until it collapsed.More
Investor Sentiment Goes to Heck After Draghi’s Easing Promise
Bitter irony: As Draghi’s term is about to end, investor expectations plunge to where they’d been when he made his “whatever it takes” speech in 2012.More
UK Auto Production Plunges to 7-Year Low on Slumping Global Demand & “No Deal” Brexit Fears
Investment in the auto sector grinds to a haltMore
ECB’s NIRP-Forever Policy “Destroys Banks’ Profitability Equation”: Bankia CEO. Spanish Banks Reel. Problems Stack Up
Spain’s Big Five banks (already down from the Big Six) could soon be four.More
Hit by Epic Construction Downturn, Mexico Faces Reality: New President Tries to Get Folks to Play by the Rules, and Everything Stalls
Construction industry has worst month since 2006, fourth month in a row of declines.More
Another UK Fund Just Slammed its Doors Shut on Investors
This time, a fund liquidity crisis traps institutional investors, including pension funds.More
Not Helpful for Crushed European Bank Stocks: Stress Test a Sham, European Court of Auditors Warns
Just when European banks need to inspire confidence more than ever.More
Liquidity Crisis at Woodford Equity Fund Is Symptomatic of Systemic Problem, Bank of England Warns
$30 trillion of assets globally are held by similar open-ended funds.More
In Escalation of Trade War With Switzerland, EU Risks Balkanizing Europe’s Financial Markets
“Weaponizing” Europe’s financial services, with an eye on the UK after Brexit?More
Nick Corbishley 