NBG
NBG Articles
thinkstockWe have warned over and over that the downgrade cycle has not ended for the PIIGS and in Europe. While that is a viewpoint we see as being generally true and with many challenges...
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thinkstockHold your hand up if you are just about as sick of hearing about Greece. The Greek people are being forced into more pain and the nation seems to need more and more money and more and more...
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thinkstockThere is an ongoing theme in Greece. The theme is one where it is going to exit or be forced out of the Euro, only to be saved yet again at the eleventh hour. While everyone in America has...
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National Bank of Greece S.A. (NYSE: NBG) is currently halted for trading, even the ADRs trading in New York. Shares were up about 4.5% in Athens before even the Greeks halted trading. The driving...
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Yesterday we said that Spain was looking more like Greece due to a Madrid protest that took place outside of parliament against all of the budget cuts and entitlement cuts coming down the pipe. Well,...
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The eurozone bailout approval and the coming announcement (or continued hint) of additional quantitative easing from the FOMC is not adding to the banks at the current time. We saw a “Sell the...
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You might not exactly be seeing a total “sell the news” reaction to Germany’s constitutional court rejection of a challenge to block a permanent eurozone rescue fund. This is great news for...
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Just last week we featured the nations with the world’s highest unemployment rates. Of course it is only logical that Greece would have been in on that list. What was surprising was that the...
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Greece’s woes are not getting any better, whether or not the nation is targeting more budget cuts. Those budget cuts even create a catch-22. As government spending goes lower, so does gross...
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Societe Generale SA on Wednesday blamed its worse-than-expected second-quarter profit on write-downs on assets in the United States and Russia. France’s second-largest lender by market value...
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Most, or much, of the world hates short sellers. Betting against markets is just unfair, or so goes the logic. There is just one small problem: a market without short sellers is not an efficient...
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European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This will sound a bit like the...
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Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. Ace Ltd. (NYSE: ACE) Started as Buy at Stern Agee. American...
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A 2014 bond auction in France went off at 0.54% this Thursday, while the same maturity in 2014 went for a yield of 4.70% in Spain. The fear is that long-term borrowing rates will breach that 7%...
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The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay in the Euro due to its...
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