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European banks results in H1 2008: Back to the old days and old ways?

September 5, 2008
Region:
Europe’s 25 largest banks reported weak results for the first half of the year which were, however, by and large in line with expectations. [more]

More documents about "Europe"

157 (145-156)
November 30, 2011
Region:
145
Migration can be an effective way of reducing geographical imbalances on the labour markets. Together with politicians and the larger society, companies have a key role to play in integrating migrant workers. It is also in the interest of companies to make good use of the international pool of qualified labor. With 20% of the population being either immigrants themselves (10%) or second-generation immigrants (another 10% according to the EU Commission) – both in Germany and France – the costs of not fully integrating this potential are high, both for business and society. [more]
November 15, 2011
Region:
146
The world economic crisis has seriously weakened potential economic growth in many industrialised countries for the coming years. And new regulatory requirements in the financial sector are likely to deal it a further blow. This has made economic policy measures to stimulate economic growth in the wake of structural reform an absolutely essential complement to macroeconomic measures, especially in the big industrial nations. Even at a time when the scope has narrowed for fiscal policy, this still holds true. It is precisely in periods of consolidation that structural reforms are vital to sustained success. [more]
August 2, 2011
Region:
147
Europe on the way to becoming a transfer union? The euro rescue packages - and the ECB’s involvement in the crisis - are reputed to be the forerunners of a transfer union between the euro countries. However, for the time being these are mainly government guarantees, the failure of which cannot be taken for granted. The EU is even further away from systematic financial equalisation of the euro countries. Nevertheless, continuing macroeconomic tensions could increase the need for transfers - and further inflame political tensions. [more]
November 25, 2010
Region:
148
The reasons for the current problems of some euro-area sovereigns on the capital markets differ from country to country. In the case of Greece, it was mainly a persistently unsound fiscal policy that led to a loss of confidence among investors, while in Ireland this was primarily due to a credit bubble which had inflated the size of the financial sector. [more]
September 17, 2010
Region:
149
The responsibility to manage volatility in agriculture is increasingly in farmers’ hands and they will need to rely more heavily on market-based tools. All in all, public policy could be most useful in increasing the risk management ability of farmers. Any extension of the public safety net will reduce the incentives for farmers and other agents along the food supply chain to manage their risks effectively through derivatives, private insurance or on-farm strategies like production diversification. Policies need to empower farmers to take their own risk management decisions and to have access to a diversity of instruments and strategies. More direct interventions are likely better kept as a means of last resort and restricted to measures which do not act at the expense of the rest of the world or of environmental sustainability. [more]
August 2, 2010
Region:
Analyst:
150
Financial market size: Traditional centres lose market shares, emerging markets up-and-coming. US and EU financial markets continue to provide around three-quarters of global financial services, albeit, after the crisis, at substantially lower overall levels of market activity in many market segments. Emerging financial markets, especially in Asia, have grown strongly in past years and are set to accelerate their catch-up process. [more]
July 12, 2010
Region:
151
The euro-area countries urgently need to slash their debt and they will have to find new ways to address this task in the process. Germany’s debt brake is an intelligent concept for achieving a long-term reduction in public debt that could also be remodelled to fit the conditions in other euro countries. National debt brakes could help cut public debt on a long-term horizon without jeopardising the growth prospects of the euro-area economies. [more]
June 22, 2009
Region:
Analyst:
152
Five years after the Ecofin Council reached agreement on the Savings Taxation Directive, the European Commission has submitted a proposal on its extension. The prevailing political climate for more cooperation and exchange of information between the States has improved significantly in recent months. A flurry of new bilateral agreements, initiatives at OECD level and further EU proposals for directives underscore the momentum that has gathered here. Negotiations on amendment of the Savings Taxation Directive will presumably not drag on again. [more]
May 12, 2009
Region:
153
On May 1, 2004 the European Union was enlarged by ten new Member States. Their political and economic integration brought growth in trade, economic output and employment – but also in economic connectivity and mutual interdependence. As a result, the global economic and financial crisis has triggered serious economic slumps in some of the new EU members. It is now time to take initial stock of integration and turn to consideration of the outstanding issues. [more]
July 23, 2008
Region:
154
The euro was launched with great expectations in 1999 and is a success story today. This is based on a high degree of price stability, the stimulation of trade and investment in Europe, good progress in financial market integration, and a growing international role played by the euro. But there have been disappointments, too, especially as far as growth and EMU enlargement are concerned. The monetary union faces major challenges as it enters its second decade. The distortion of competitive positions within EMU needs to be corrected. And the reformed stability pact still has to stand the test in conditions of weak growth. [more]
June 25, 2008
Region:
155
European banks have become considerably more international over the past few years, in terms of both the structure of their revenues and of their shareholders. In this context particular emphasis has been placed on strengthening the European business outside the home market, with the home market share in total revenues falling as a result – at the 20 largest European banks e.g. by 4 percentage points since 2001 to less than half. By contrast, as much as one-quarter of total revenues came from the rest of Europe in 2007 (2001: 18%). [more]
April 22, 2008
Region:
156
Recent market turmoil and its consequences will negatively impact the earnings of European banks for a considerable time. This reverses a long period of improvements in profitability and efficiency. But: the current environment should not distract from the trends that have favourably shaped the structure of the industry for the last 10 years and will continue to do so: consolidation, internationalisation, convergence and increasing specialisation. In this study, we consider to what extent these trends are going to further shape the banking sector in the foreseeable future. [more]
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