Wirecard – The Cookie Crumbles
*Insolvency Filing: Wirecard’s (WDR.GY) ongoing last minute negotiations with lenders (including the purported debt for equity swap and asset...
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Wirecard – Yolk’s On Everyone
*Another Potential Fraud: Shares of Wirecard (WDI.GR) fell by as much as 67% after the German payments and card-issuing firm disclosed that Ernst...
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HSBC Holdings - Fire Sale Time
*Gross Operating Revenues Do NOT Cover Recurring Costs At HSBCNA: HSBC Holdings plc (HSBC) [5.HK/HSBA.LN] is a complete and utter mess. Nowhere is...
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Lloyds – Will Election Euphoria Suddenly Reverse Credit Metrics?
Under new accounting, to recognize Stage 3 loans and purchased or originated credit-impaired loans, Lloyds Banking (LLOY LN) now states these loans...
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European Banks; a Quest for Value
We look across the mid-cap and larger cap universe of European banks for value picks, in this "risk on" climate in markets Based on consensus...
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