Posts tagged 'ABS'

NPLs and lights in dark places

David joined the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012.

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| May 13 12:06 | Comment |

Consider this chart from JP Morgan’s Flows & Liquidity team. It shows the evolution of non-performing loan ratios (as percentages of total loans) across three different Euro area blocks: Germany, core and periphery.

The definition of a non-performing loan (NPL) differs across countries but the picture is definitely not pretty. Read more

(Possibly) balance-sheet insolvent issuers, rejoice

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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| May 09 16:39 | Comment |

Some light securitisation reading on Thursday; actually, more like some general ‘how much of western capitalism might be insolvent, anyway?’ reading.

It’s the UK Supreme Court’s judgment in the the Eurosail case.

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