The Bankwatch

Tracking the consumer evolution of financial services

European Banks destined for government ownership

The Great Unwinding is playing out as the European banks are now destined to look just like the British banks with extensive ownership by respective governments on the way, with commensurate reduction in innovation capacity.

How to recapitalise a continent’s banks

Analysts at JPMorgan have modelled for a “base-case” capital injection requirement across the European banking sector of about €150bn, rising to €230bn under more bearish economic stresses. Nomura puts the number at €200bn, Morgan Stanley’s estimate is up to €190bn.

Written by Colin Henderson

October 5, 2011 at 20:57

Posted in Uncategorized

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