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21.12.2011, 12:10
|  | Forum Legend | | Join Date: Dec 2007 Location: Work in ZH, live in SZ
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| | | Banks get 489.200.000.000 Euro credit from the ECB.
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21.12.2011, 12:15
|  | Forum Veteran | | Join Date: Dec 2010 Location: Washington, DC
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
| Quote: | |  | | | | | | | | That's how much they saved by devaluing the currency a few months ago, eh?
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21.12.2011, 12:19
|  | Forum Veteran | | Join Date: Jun 2010 Location: out n about - it's summer!
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
I was feeling generous.
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21.12.2011, 12:25
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
| Quote: | | | | | That's how much they saved by devaluing the currency a few months ago, eh? | | | | | sorry I confused my acronyms. I thought ECB was SCB or UBS or BBC or whatever....
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21.12.2011, 12:51
|  | Junior Member | | Join Date: Apr 2011 Location: Affoltern am Albis
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
And no doubt bankers will use the incoming cash as an excuse for bigger bonuses as their profits will appear to jump  |
21.12.2011, 12:53
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
| Quote: | | | | | And no doubt bankers will use the incoming cash as an excuse for bigger bonuses as their profits will appear to jump | | | | | But then the money is not worth what it used to be... so cut the greedy bankers some slack will ya... |
21.12.2011, 13:02
|  | Forum Veteran | | Join Date: Jun 2008 Location: Zürich, Switzerland
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Yeah, shame. The poor bankers. They have really seen a drop in their bonuses in the last few years.
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21.12.2011, 13:03
| | Senior Member | | Join Date: Sep 2010 Location: Near vevey
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
| Quote: | | | | | And no doubt bankers will use the incoming cash as an excuse for bigger bonuses as their profits will appear to jump | | | | |
Of course it's Christmas  |
22.12.2011, 13:41
|  | Senior Member | | Join Date: Jun 2009 Location: im Ausland
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
It was an extremely good opportunity for any bank to dress up their balance sheet and liquidity ratios. If somebody offered you a three year loan at extremely cheap levels, wouldn't you accept it? particularly at a time when your creditors are very very wary of your credentials
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22.12.2011, 14:35
|  | Forum Veteran | | Join Date: Feb 2006 Location: Zurich
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| | | Re: Banks get 489.200.000.000 Euro credit from the ECB.
Yup, pretty much unlimited funds on tap, for 3 years, at 1% interest.
That's right - 1%.
Any bank would be stupid for not taking up the offer.
And I thought the US had turned into a banana republic | |
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