A nation of savers v. a nation of debtors.… Read More How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
The PE firm as global landlord.… Read More Blackstone Becomes Biggest Hotel & Property Owner in Spain
Bank-friendly regulators finally show some interest… Read More Tragicomic Farce at UK Bank TSB Enters Week 7 of IT Chaos
Blackstone Group, Cerberus Capital and others face a little problem… Read More Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall?
“It is unacceptable for banks not to keep our accounts safe”… Read More Furious Customers Leave in Droves As IT Nightmare Drags On at UK Bank TSB
With impeccable timing, all at the same time… Read More Three External Tailwinds Turn into Headwinds for Spain’s Economy
It’s not just countries that are at risk of contagion.… Read More Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)?
“This turned what was a super-hard systems job [into] a clusterfuck in the making.”… Read More UK Bank’s IT Disaster Enters 2nd Week, Contagion Fears Rise
Amid a blossoming backlash against mass tourism
… Read More Airbnb Just Lost a Limb in its Fourth Biggest Market
But Spanish parent, Banco Sabadell, proclaimed triumphantly to its Spanish audience that the botched IT transition was a resounding success.… Read More UK Bank’s Tech Chaos Is Blocking Customers from Their Funds: Day 5
Rules that would have forced European banks to set aside more money against hundreds of billions in bad loans, appear to be too difficult or too dangerous to implement… Read More ECB Capitulates On Defusing Eurozone’s “$1 Trillion Ticking Time Bomb”
Many of the recent media claims that have caused this standoff, including assertions of Russia’s role in Catalonia’s bid for independence, range from highly dubious to demonstrably false… Read More How Shoddy Reporting and Anti-Russian Propaganda Coerced Ecuador to Silence Julian Assange