Mark Carny on Italian bank collapse

HAMISH_MCTAVISH

Quasar wrote: »

So what is happening then? What about the allegedly tottering Italian banks? I see nothing about them on foreign sites. Can MSE experts give some clue?

Our keyboard warriors appear to have given up on this chapter of the "how can we make the EU look bad" book.

I enjoyed a lovely week there recently and can't say I noticed the locals being remotely concerned - or it even hitting the news much - but to be fair they were all a bit busy laughing at the Brexit outcome.

[Deleted User]

Quasar wrote: »

So what is happening then? What about the allegedly tottering Italian banks? I see nothing about them on foreign sites. Can MSE experts give some clue?

While I was on my way to ............ yes, Italy for a holiday, I bought The Economist at the airport. I don't have it any more but as I recall the front page story was about the Italian banks with an image of a bus painted in the colours of the Italian flag.

The bus was tottering on the edge of a cliff (there was also a union Jack car already falling!)...... so there must be some story there.

WR

Quasar

Wild_Rover wrote: »

While I was on my way to ............ yes, Italy for a holiday, I bought The Economist at the airport. I don't have it any more but as I recall the front page story was about the Italian banks with an image of a bus painted in the colours of the Italian flag.

The bus was tottering on the edge of a cliff (there was also a union Jack car already falling!)...... so there must be some story there.

WR

In 2008 the world was coming to an end.

[Deleted User]

Quasar wrote: »

In 2008 the world was coming to an end.

Awwwwww. Did I miss it?

If this is the afterlife, I'm demanding to see management. The place is a shambles!

WR

CLAPTON

[QUOTE=HAMISH_MCTAVISH;71035624
I enjoyed a lovely week there recently and can't say I noticed the locals being remotely concerned - or it even hitting the news much - but to be fair they were all a bit busy laughing at the Brexit outcome.[/QUOTE]


untrue................

Electrum

HAMISH_MCTAVISH wrote: »

Our keyboard warriors appear to have given up on this chapter of the "how can we make the EU look bad" book.

I enjoyed a lovely week there recently and can't say I noticed the locals being remotely concerned - or it even hitting the news much - but to be fair they were all a bit busy laughing at the Brexit outcome.

Are you trying to say the Italian banking system is looking healthy?

Are you trying to say Deutsche bank is looking healthy?:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

http://www.zerohedge.com/news/2015-06-12/deutsche-bank-next-lehman

A_Medium_Size_Jock

Of course you won't see anything (if you don't actively look for it ) - do you think that any of the "powers that be" want a stampede of withdrawals in any of their banks?
So please, hush.
Nothing to see here.

Except ..........
http://www.euronews.com/2016/08/02/prime-minister-renzi-tries-to-sound-confident-about-italian-banking-crisis

http://wolfstreet.com/2016/08/05/italian-european-banking-crisis-bailouts/

http://foreignpolicy.com/2016/08/03/future-europe-monte-dei-paschi-italy-bank-mps/

Garethgrew

A_Medium_Size_Jock wrote: »

Of course you won't see anything (if you don't actively look for it ) - do you think that any of the "powers that be" want a stampede of withdrawals in any of their banks?
So please, hush.
Nothing to see here.

Except ..........
http://www.euronews.com/2016/08/02/prime-minister-renzi-tries-to-sound-confident-about-italian-banking-crisis

http://wolfstreet.com/2016/08/05/italian-european-banking-crisis-bailouts/

http://foreignpolicy.com/2016/08/03/future-europe-monte-dei-paschi-italy-bank-mps/

Good post.

Yes nothing to see, move along.

Don't need to withdraw all your funds from the banks because the banks are healthy.

The-Joker

A_Medium_Size_Jock wrote: »

Of course you won't see anything (if you don't actively look for it ) - do you think that any of the "powers that be" want a stampede of withdrawals in any of their banks?
So please, hush.
Nothing to see here.

Except ..........
http://www.euronews.com/2016/08/02/prime-minister-renzi-tries-to-sound-confident-about-italian-banking-crisis

http://wolfstreet.com/2016/08/05/italian-european-banking-crisis-bailouts/

http://foreignpolicy.com/2016/08/03/future-europe-monte-dei-paschi-italy-bank-mps/

It is now impossible to save these banks, the stress tests were supposed to give confidence in these troubled institutions but now everybody can see the too big to fails are indeed failing and the debts are too big to bail.

Crashy_Time

Electrum wrote: »

Are you trying to say the Italian banking system is looking healthy?

Are you trying to say Deutsche bank is looking healthy?:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

http://www.zerohedge.com/news/2015-06-12/deutsche-bank-next-lehman

:rotfl:
Are you saying Aberdeen is looking healthy....:rotfl: