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Search resuls for: "Nell Mackenzie Pablo Mayo Cerqueiro"


3 mentions found


☆ Bridgewater, Millennium, and Marshall Wace in bearish bet on Europeans banks
  + stars: | 2023-03-16 | by ( Nell Mackenzie Pablo Mayo Cerqueiro | Nell Mackenzie | Pablo Mayo Cerqueiro | ) www.reuters.com   time to read: +3 min
REUTERS/Brian Snyder/File PhotoLONDON, March 15 (Reuters) - Investment managers Bridgewater Associates, Millennium Management and Marshall Wace added to short positions on European banking shares after the collapse of Silicon Valley Bank sparked contagion fears across global banks, according to data from Breakout Point. Short sellers had amassed bearish positions worth more than $15.7 billion against European banks by Tuesday, according to S&P Global Market Intelligence. Millennium Management, Citadel, Wellington Management, Capital Fund Management, Odey Asset Management and Marshall Wace declined to comment. Marshall Wace held the largest disclosed number of short positions against banks, public filings from Austria, Italy, Sweden, Britain, Spain and Poland analysed by Breakout Point showed. Its shares were up 18% at 1602 GMT, in a broader European banking index (.SX7P) up 1.4%In the week to Wednesday, some 120 billion euros had been wiped off the value of European bank shares.
☆ Speculators build $16 billion bearish bet on Europe's banks
  + stars: | 2023-03-15 | by ( Nell Mackenzie Pablo Mayo Cerqueiro | Nell Mackenzie | Pablo Mayo Cerqueiro | ) www.reuters.com   time to read: +3 min
Big hedge funds including Marshall Wace and Odey Asset Management added to short positions against Europe's banks, regulatory filings seen by Reuters and data from Breakout Point showed. Marshall Wace held the largest disclosed number of short positions against banks, public filings from Austria, Italy, Sweden, Britain, Spain and Poland analysed by Breakout Point showed. The banks included BAWAG (BAWG.VI), FinecoBank (FBK.MI), Handelsbanken (SHBa.ST), CaixaBank (CABK.MC), NatWest Group (NWG.L) and PKO Bank Polski (PKO.WA). BNP Paribas shares fell by as much as 12% on Wednesday before recovering to show a loss of 9%, while Deutsche Bank shares fell almost 9%. In the week to Wednesday, some 120 billion euros ($126 billion) had been wiped off the value of European bank shares.
☆ Banks battle to shed unsold buyout loans - sources
  + stars: | 2023-01-31 | by ( Chiara Elisei Nell Mackenzie Pablo Mayo Cerqueiro | Chiara Elisei | Nell Mackenzie | ) www.reuters.com   time to read: +4 min
A trading book includes loans banks have earmarked for sale and are thus marked-to-market, while a banking book is where a lender holds loans and other assets not intended for disposal. This implies a heavy discount of 15 pence on the pound if banks sell the loans at that level. Banks make money also by charging the borrower a fee to provide loans, then sell the loans to third party investors. Reuters could not ascertain the exact size of the hit on the loans sold. On the flipside, loans sold by banks can generate attractive gains for buyers.
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