Banks--- Betting on the recovery Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Banks--- Betting on the recovery

WFC 86.15

+0.1%

12:23 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: tejek	5/12/2010 11:44:24 AM
	of 1428

This news is much better than it sounds. Earlier today, Portugal had a good bond auction and Greek bonds are doing well. Europe 5/12/2010 8:14 AM EDT Italy preliminary Q1 GDP is up .5% on the quarter, .6% on the year is a bit better than expected. European central banks buying Portugal, Ireland, and Greek g'ment bonds and underpinning peripherals. Deutsche Bank said European banks could face losses of between 50 billion euros ($63.5 billion) and 75 billion if the debt crisis in Greece continues to escalate and banks are forced to take a "haircut" on Greek sovereign debt.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next