Canadian banks, having survived the last leg of the financial crisis largely unscathed, have become a first call for troubled banks now looking to offload assets, bankers say. The divisions and apparent frustration among leaders suggests a solution to the European debt problem is not a foregone conclusion, despite hopeful signals in recent days that have quieted markets.
Bankers and bank executives say assets of all types are being shopped to Canadian banks as struggling rivals, mainly in Europe, look to raise capital.
Everything from loan books to businesses in sought-after areas such as asset-management is on the block, often at distressed prices.
http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/canadian-banks-first-call-for-strapped-european-lenders/article2201030/ eu reform treaty Ruritanians, revolt - small states have earned freedom
Financial Times
The Czech Republic, Slovakia's neighbour, was the last nation to ratify the EU's Lisbon treaty on institutional reform in 2009 because of the objections of Václav Klaus, its head of state. Ireland rejected the Lisbon treaty and its predecessor, ...
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In his interview, Carney said he believes Europe has at best a couple of weeks to outline the measures needed to both avert a Greek default and build a firewall around the eurozone's affected banks to prevent contagion from spreading.
http://www.winnipegfreepress.com/business/breakingnews/european-crisis-serious-but-not-like-world-crippling-2008-failure-says-carney-131898058.html
Saturday, 15 October 2011
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