When we analysed luxury stocks, we stressed that the industry has faced a downturn, probably due to a kind of sector rotation. The same phenomenon has affected European banks and utilities in the opposite way. In this article, we focus on banks, proposing some ideas on how to trade them. Read more…
In this continuation from the previous newsletter we enter more in depth into the merits of the Monti Bonds as well as explaining the infamous three derivatives contract recently called into question (Alexandria, Santorini and Nota Italia). Monti Bonds Although it could be erroneously believed that Monti Bonds have Read more…
BMPS mkt cap (as of 15/02/13): €2.8bn Banca Monte dei Paschi di Siena, the world’s oldest bank (founded in 1472) and Italy’s third biggest lender with €224bn assets, has been at the centre of attention in recent weeks following disclosure that the bank suffered a €730 million loss related to Read more…