CaixaBank - Bankia: Merger Approval at the EGMs, Spread
This merger will close, as the spread shows: it is 1.6% gross on 7 December. It often reaches c. 2% gross (c. 8% annualised) intraday....
203 Views
BBVA: So Long, Sun-Belt – What Next; Buybacks and Potentially M&A?
BBVA's sale of its US bank will give it excess capital to redeploy, in both share buybacks and potentially M&A too; we explore some potential M&A...
238 Views
Bank of East Asia – Caixa Shake-Out Very Likely
BANK OF EAST ASIA: Pro Forma CaixaBank Is Under Severe Fundamental Pressure Prior To Its Bankia Merger And In Need of Capital. BEA's Stake Likely...
217 Views
Bankia - CaixaBank: Merger in Progress, Spread Attractive
I recommend keeping an eye on the spread. It closed today (27 October) at a gross 1.66%, an interesting level for a deal that will certainly close...
234 Views
Bank Credit Weekly: Risk Sentiment Improves Despite Volatile News Flow
: Asia and the US high yield markets tightened on improving economic indicators and increased hopes for a limited US stimulus package,...
287 Views