Markit Securities Finance has reported a positive outlook for key French banks such as Natixis, Credit Agricole and Societe General, in a note that compares these organisations favourably against German peers.
The mere announcement of the ECB’s Outright Monetary Transactions (OMT) programme has had a successful impact on financial markets, reducing the need for an interest rate cut, say BNP Paribas economists.
Patrick Artus, global chief economist at Natixis, says Italy could become an unlikely winner from any Spanish request for financial assistance, which could lower interest rate costs for other eurozone members.
The much publicised Outright Monetary Transactions programme announced by the ECB last month has already succeeded in reducing market fears of a complete eurozone meltdown, declared ECB president Mario Draghi today.
Alexander Schindler, Union Investments’ institutional business head, says helping pensions and insurers is not just about investment products and advice.
BNP Paribas’ economists review the ECB OMT ‘Bazooka’ in their latest weekly video.