Unintended Consequences of a Greek Default
Credit spreads for Deutsche Bank and BNP are rising vertically. This is mostly in anticipation of a Greek default.BIS statistics show that Germany,...
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Expect no change from the RBA today
The overwhelming consensus from interbank futures and most - if not all - market economists is that the RBA will keep policy on hold at this...
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A new narrative for the Australian dollar (update)
Two months ago, Evidente published a report which suggested that contrary to the RBA's view that the currency remained over-valued, the Australian...
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Australia's Banks are Not Properly Understood
So often, we hear of the indebted consumer and the impending bad loan crisis in Australia. Or the story is about the mining sector and a slowing...
313 Views
Shoring up capital and exiting non-core businesses. We would bid at most at TERP.
NAB plans to offer 3 million Entitlements worth ~US$80m as part of its shortfall bookbuild, following its mega A$5.5bn rights issue. The deal...
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