Spanish, Italian and French Banks Are Most Exposed to Turkey

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  • #17731
    Helmholtz Watson
    Participant

    The Turkish crisis escalated over the past week…

    [article]992[/article]

    #17733
    Helmholtz Watson
    Participant

    Turkish fin min Albayrak

    No significant outflow from bank deposits
    Turkish banks’ capital ratios way above threshold
    Turkey stands behind its banks, private sector
    Central bank decisions to relax banks on liquidity
    Turkey to continue taking measures on banks and companies
    Attack on lira was declared on Aug 10
    Measures to reduce companies FX risks to be taken
    We will see lira strengthen further

    #17743
    TradersCom
    Keymaster

    St Louis Fed President Bullard Sees No Turkey contagion Bullard via WSJ

    “There are special factors in that country,”
    “I don’t think this is a situation that would lead to a generalized contagion at this point.”

    #17781
    Helmholtz Watson
    Participant

    S&P cuts Turkey rating to B+ from BB-
    = Hardly a surprise BUT Stable outlook is

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