National Bank of Greece and Lloyds Bank Poised for Recovery as Europe Halts Spread of Debt Crisis
The Bedford Report Provides Equity Research on National Bank of Greece & Lloyds Banking Group
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/31/11 -- European banks are finally turning their fortunes around as a Eurozone debt deal has been reached. Under the deal, banks must raise around 106bn euros in new capital by June 2012 to protect them against losses resulting from any future government defaults. Analysts say that it is the certainty around the level of capitalization that has boosted bank shares. The Bedford Report examines the outlook for companies in the Foreign Banking Sector and provides stock analysis on National Bank of Greece SA (NYSE: NBG) and Lloyds Banking Group PLC (NYSE: LYG) (LSE: LLOY). Access to the full company reports can be found at:
Last week Fitch Ratings said that Europe's plan to halt the spread of a debt crisis will help restore confidence in banks and should leave the senior debt ratings of even most of the weakest institutions unaffected. Fitch said it expects most major European banks that need to meet new capital requirements will do so without resorting to government capital injections or capital fund-raising.
Fitch Ratings says that conversion of existing debt instruments and sales of nonstrategic assets were among the methods banks have said they would use.
The Bedford Report releases investment research on the Foreign Banking Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.
Stefan Ingves, chairman of the Basel Committee on Banking Supervision, says that regulators' plan to require some banks to hold 9 percent in core reserves after sovereign debt writedowns will probably be enough to protect lenders from insolvency.
If banks have "valued their assets correctly, and in this case it's about valuing government bonds at market value, then something very different and extraordinary that we don't know about today, must happen for 9 percent not to be enough," Ingves said in an interview late yesterday. EU leaders "will work through" the debt crisis "step by step," said Ingves.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
Contact:
The Bedford Report
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2011 - 12:16 Uhr
Sprache: Deutsch
News-ID 81800
Anzahl Zeichen: 0
contact information:
Town:
NEW YORK, NY
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 1098 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"National Bank of Greece and Lloyds Bank Poised for Recovery as Europe Halts Spread of Debt Crisis"
steht unter der journalistisch-redaktionellen Verantwortung von
The Bedford Report (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
