EBA Stress Tests
( Much More At Twitter T.L )
Europe’s 2016 bank stress tests have no official failures, but a lot of losers. http://www.breakingviews.com/considered-view/eu-bank-stress-test-has-no-failure-but-some-losers/?h=ef32b6a48955a3ec776f2f37125012d4&utm_source=Sailthru&utm_medium=email&utm_campaign=EU%20bank%20stress%20tests%2C%20Monte%20dei%20Paschi%20Fri%2C%2029%20Jul%202016%2022:37%20cryan&utm_term=BV%20-%20Eikon …
Deutsche Bank slams ECB for NIRP. ECB responds by passing DB in a test that does not test for NIRP
Deutsche Bank may need to pass a few more "stress tests"
Stress test summary: Italian banks still have €360 billion in bad debt
The EBA Stress Tests are here --> EBA publishes 2016 EU-wide stress test results http://www.eba.europa.eu/-/eba-publishes-2016-eu-wide-stress-test-results …
As group, Germany's banks look weak in adverse scenrios according to the EBA stress tests
From EBA: Impact on CET1 capital ratio from 2015 to 2018 in the adverse scenario by bank in alphabetical order
#EBA has failed in stress test as website carrying the full results had collapsed initially. http://storage.eba.europa.eu/documents/10180/1532819/2016-EU-wide-stress-test-Results.pdf …
Monet dei Paschi ....
RBC: After restructuring, Monte Paschi’s CET1 would remain unch while NPL ratio will drop to 18% from 34%, in line w/regulatory requirements
Most banks weather the latest stress tests but Monte dei Paschi wiped out while RBS and ... http://www.telegraph.co.uk/business/2016/07/29/most-banks-weather-the-latest-stress-tests-but-monte-dei-paschi/?utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter&utm_term=Autofeed#link_time=1469828906 …
PASCHI SAYS ANNOUNCED DEAL MITIGATES TEST NEGATIVE IMPACT. So bailout #4 in 2 quarters
Monte Paschi officially says ECB has approved rescue plan
Much larger amount of NPLs sold by Monte dei Paschi , than initially thought would be sold.
Some notable events in this round up !
PC accused of treason , further protests called....
Deal to open Libya's Ras Lanuf and Es Sider oil ports http://aje.io/uu67
Libya needs a small, effective army: Former Chief of Staff Mangoush - https://www.libyaherald.com/2016/07/30/libya-needs-a-small-effective-army-former-chief-of-staff-mangoush/ …
Chris Stephen @reportingLibya
#Libya Peace talks Cairo have reportedly failed to bridge gap between UN-backed govt. Tripoli and parliament in Tobruk.
#Libya US wants transparency over Libya oil ports deal.
#Libya #Libyaoil UN-backed govt re-opens key oil ports. Terms of deal not disclosed, may include special payment(AP) http://www.seattletimes.com/business/libyas-un-backed-council-says-oil-terminals-have-reopened/ …
#Libya #Libyaoil Uncertain times Libya oil sector. Head state oil company threatens to quit if deal to open ports includes special payment.
So-second coup rumor unfounded.Crowds mobilized (by social media / text messages?)-timed for arrival of US J.C.O.S.
Just a "safety inspection." Nothing to see here , move along folks.
This allegedly is something new , not from July 15th...checking into this but Fwiw
Could be real , could be paranoia....
File under rumor for now...second coup rumor involving Incirlik AFB....
Dani Rodrik analyzes US direct support vs tacit support for Gulen , opining difficult to rule out "tacit" support.
Turkey arrests 17 reporters as Erdogan tells critics to 'mind your business' http://ow.ly/FyN4302L3Iu
update: Erdogan is not pardoning people outside Turkey who insult him. The wanker.
"In Germany, FETÖ often acts under the guise of cultural or educational institutions"
Pentagon says US general's comments on Turkey's failed coup attempt 'misunderstood' http://bit.ly/2awwRZi
fred walton @fredwalton216
15,846 detained , 8,133 arrested , 1,041schools /dormitories shutdown , 1, 229 Associations/ Foundations shutdown, 81, 704 Public Employees purged , 35 hospitals closed , 150 media outlets closed - all since July 15th.
Powerful series of tweets says all you need to know about the state of Turkey's democracy http://read.bi/2ajozEn
BREAKING: Turkey’s military now clear of Gulen-linked elements: PM Binali Yildirim - @anadoluagency
LIVE — President Erdoğan: No representatives of the EU, the EP or other western institutions have come to Turkey to offer condolences
EXCLUSIVE: UAE collaborated with coup plotters in Turkey weeks before it was launched http://ow.ly/lOq7302JmPA
Turkey coup bid: Erdogan accuses US general Joseph Votel of "taking the side of plotters" http://bbc.in/2amroVB
LATEST — US Chairman of Joint Chiefs of Staff Gen. Dunford is scheduled to come to Turkey on July 31, minister says
Tourist revenue down 36% in Turkey. Not sure who reported that figure but they'll be in prison by sunset
BREAKING: 50,000 passports have been canceled in Turkey since the failed coup: Interior Minister #TurkeyPurge - Reuters
Turkey: Gulenists did the coup. US: Turkey arrested our interlocutors. Q: Is Turkey lying or is the US mostly working with Gulenists?
Odds & Ends...
China's Industrial Bank to raise up to $3.9 billion to boost capital http://atimes.com/2016/07/chinas-industrial-bank-to-raise-up-to-3-9-billion-to-boost-capital/ … via @httpstwittercomasiatimesonline
Credit Bubble Bulletin: Weekly Commentary: Bubble Battles http://creditbubblebulletin.blogspot.com/2016/07/weekly-commentary-bubble-battles.html?spref=tw … Doug Noland - Weekly Essay & Global Overview.
Brazil's Lula landed the Olympics for Rio in 2009. On eve of Games, he will now stand trial on obstruction charges
Hassan Ridha @sayed_ridha
Dozens of civilians arrive at Syrian Army checkpoints in central and south Aleppo
Eurozone growth slumps to 0.3% in Q2. So much for the claim made by Sadiq Khan and others during Referendum that EZ growing faster than UK.
it is the first time since the EU-Turkey migrant deal that the number of refugees has exceeded 7,000 in N Aegean
In pictures: Philippine crime war packs decaying jails http://www.telegraph.co.uk/news/2016/07/30/philippine-crime-war-packs-decaying-jails-in-pictures/ …