Germany’s Commerzbank AG, France’s Natixis SA and Spain’s Banco Espanol de Credito SA have raised less than 35 percent of the senior funding they require, he wrote in a note to clients on June 9.
Markets ’Doing Their Job’
“If you’re not a quality borrower, you’re not going to get funding from the market until you reduce your loan-to-deposit ratio and shrink your balance sheet,” said Simon Maughan, an analyst at MF Global Ltd. in London. “The credit and bond markets are doing their job. Unless you reform, you’ll be stuck on government support for the foreseeable future.”
An official at Natixis declined to comment. Officials at Banesto in Madrid didn’t return calls for comment. “We are comfortably funded,” Commerzbank spokesman Reiner Rossman said by telephone.
Markets ’Doing Their Job’
“If you’re not a quality borrower, you’re not going to get funding from the market until you reduce your loan-to-deposit ratio and shrink your balance sheet,” said Simon Maughan, an analyst at MF Global Ltd. in London. “The credit and bond markets are doing their job. Unless you reform, you’ll be stuck on government support for the foreseeable future.”
An official at Natixis declined to comment. Officials at Banesto in Madrid didn’t return calls for comment. “We are comfortably funded,” Commerzbank spokesman Reiner Rossman said by telephone.
...While markets were understandably thinned due to holidays in Australia and China
Aucun commentaire:
Enregistrer un commentaire