« Is the Foreclosure Fraud Settlement Overbroad? | Main | Securitization Chain-of-Title: The US Bank v. Congress Ruling »

Yeah, except for those . . .

posted by Stephen Lubben

So I'm reading the FT this morning on the train to work, and I read about how Basel III will hurt European banks, and how most of these banks did quite well in the financial crisis. I arch an eyebrow.

Then I read "[w]ith the exception of certain institutions in Switzerland, Germany, the Netherlands and the UK  . . . "

Right. So we are talking about what part of European banking industry now?

Comments

Spain? Portugal? Ireland? Italy? Greece?

You'd think I could come up with an acronym for them, but SPIIG wouldn't work unless we could, say, add Oceania and Turkey. Maybe some animal spirits will make an abbreviation clear...

Swedish banks, after they were briefly nationalized and top execs defenestrated. A lot like what didn't happen anywhere else.

British humor is a little dry - perhaps that was a joke?

Portugal, Ireland, Greece, and Spain have been referred to as "PIGS" in the Economist. Forget if it's real or they went on to say a better acronym was needed.

Of course, Greece and Portugal are the government, not the banks from what I remember reading. On the other hand, I think the odd French bank had trouble.

British humor lol.

The comments to this entry are closed.

Contributors

Current Guests

Follow Us On Twitter

Like Us on Facebook

  • Like Us on Facebook

    By "Liking" us on Facebook, you will receive excerpts of our posts in your Facebook news feed. (If you change your mind, you can undo it later.) Note that this is different than "Liking" our Facebook page, although a "Like" in either place will get you Credit Slips post on your Facebook news feed.

News Feed

Categories

Bankr-L

  • As a public service, the University of Illinois College of Law operates Bankr-L, an e-mail list on which bankruptcy professionals can exchange information. Bankr-L is administered by one of the Credit Slips bloggers, Professor Robert M. Lawless of the University of Illinois. Although Bankr-L is a free service, membership is limited only to persons with a professional connection to the bankruptcy field (e.g., lawyer, accountant, academic, judge). To request a subscription on Bankr-L, click here to visit the page for the list and then click on the link for "Subscribe." After completing the information there, please also send an e-mail to Professor Lawless (rlawless@illinois.edu) with a short description of your professional connection to bankruptcy. A link to a URL with a professional bio or other identifying information would be great.

OTHER STUFF

Powered by TypePad