Barclays Capital, said before the debt crisis in Europe is not a thorough solution, the bank should continue to reduce the exposure of peripheral Eurozone economies. Analysts said that European banks are facing unprecedented pressure, but they have to seek more effective help to the European Central Bank, the increase in the number of overnight bank deposits is better able to explain the current situation. European banks do not trust each other, this is undoubtedly a warning signal for markets and policy makers.
U.S. banking industry into trouble
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"I have never seen such a bad situation. Britain Kennedy Group CEO Jason said, "This situation will last 14 or 15 months, the global financial industry in 2012 was not good enough. "According to Bloomberg data show the number of layoffs, global banking, insurance and asset management company has announced this year reached 19.5 million, more than 17.4 million in 2009. According to analyst firm Coalition announced a research report, 10 of the world's largest investment bank layoffs number will rise to the level of the 2008 crisis.
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Fitch's report led to a late setback on the 16th New York stock market stock index, the three major indexes fell more than 1.5%.
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In addition, Fitch, another rating agency Moody's also lowered the senior debt and deposit ratings of 10 banks in Germany. Italy margin Bank for help to the European Central Bank news also caused by market concerns about European banks.
data, including Bank of America, JP Morgan Chase, Citibank, six banks, including Wells Fargo Bank, Goldman Sachs and Morgan Stanley on the exposure of the five countries, including Greece, Ireland, Italy, Portugal, Spain 500 billion U.S. dollars. Remove the Wells Fargo Bank, the exposure of five other large banks on the French Banking was $ 114 billion. Fitch said that although most of these exposures were hedged, but the contagion effect of the close ties between the world's major banks and financial markets is still possible to make the U.S. banking industry under attack.
He stressed that the final policy will need to create the cornerstone of growth. This includes promoting the establishment of an enabling environment for investment, to relax the regulatory environment, and innovation. For European countries, this issue is far from the answer.
rating agencies frequently warn Europe and the United States banking industry, Wall Street and some large European banks are also busy with layoffs, overwhelmed by the scene a bit reminiscent of the 2008 financial crisis. Investors are increasingly concerned that Europe's debt crisis will eventually evolved into a banking crisis in Europe and America.
in the Asia-Pacific region, Japan's Mizuho Financial Group today announced that the Group plans to cut 3000 employees in March 2016 through the merger of the two banking sectors. At the same time, Japan's Nomura Securities has begun a new round of layoffs, showing the impact of the debt crisis in Europe, the Japanese financial industry has early access to the winter.
World Bank President Robert Zoellick said on the 16th European countries have taken various measures to deal with the crisis, to raise bank capital, reduction of the Greek debt, trying to establish a European Financial Stability Fund (EFSF) to prevent the spread of the crisis, consider the financial alliances world pie network information .
international credit rating agency Fitch has released a report, if the euro zone sovereign debt crisis spread further, the banking sector will pose a threat.
At the same time, the endless layoffs planned for U.S. and European financial giants. According to foreign media reports, the scale of Citibank layoffs could be as high as 3,000. BNP Paribas has announced that the investment banking division will lay off about 1,400 people. Bank of America cut its Merrill Lynch stock sector part of the European sales team.
and European financial institutions to lay off the busy