China Banks – Profit Growth Is Only From Securities Gains
For the most part, China bank’s 1H18 profit growth YoY (and 2Q18 YoY) is from realized and unrealized trading gains, investment gains and fair...
268 Views
HSBC Holdings – Credit Costs In Turkey, Argentina Can Cause Group Credit Costs To Rise 3-4x
Under new IFRS 9 accounting analysts are in a totally new environment with the devaluation in Turkey and Argentina. There will be other impacts...
291 Views
HSBC Holdings – TRY Devaluation Is the First Major Devaulation Under IFRS 9, Risk for HSBC Is Real
The rapid and extensive devaluation of the TRY (USDTRY CURNCY) is the first major currency devaluation since banks adopted IFRS 9. Under the new...
598 Views
HSBC – $7 Billion Valuation Hole on BoCom and Other Sundry 1H18 Data
“As at 30 June 2018, the fair value of HSBC’s investment in Bank of Communications Co., Limited (‘BoCom’) had been below the carrying amount for...
378 Views
Deutsche Bank – Dumpster Fire Rages On
* 2Q18 Results Even lower than pre-release; * Overall results appear to have been managed; and *Large capital raise likely on the near-term...
287 Views