Posts from Sunday Jun 10 2012

FTfm on AV

| Jun 10 2012 18:38 | Comment |

Some highlights from Monday’s FTfm.

Top houses to take over in Europe
Mid-sized European asset managers are in ‘feeble’ financial health and will be increasingly squeezed by a handful of dominant houses, according to McKinsey & Co Read more

No bail-in, Spain?

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Jun 10 2012 16:15 | Comment |

Why shouldn’t equity and (at least in the short term) Spanish bonds rally?

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The paid-in Spain

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Jun 10 2012 16:08 | Comment |

“If the Spanish state has difficulty in financing itself outside Spain, then the difficulties will be even greater for those in the private sector…”

Circularity. Reinforcing the sovereign-bank loop. However you’d put it – this weekend’s ‘rescue’ deal for Spain’s banks seemed designed to avoid doing this. Or at least to avoid appearing to do so. Read more