Existing members can use the sign in option below.
Bobsguide members enjoy:
Reluctance to lend to each other among European banks has risen to its highest point this year, new figures have suggested.
Data compiled by Bloomberg has revealed the discrepancy of the Euribor-OIS spread - which compares the euro interbank offered rate and overnight indexed trades - stood at 20 basis points this morning (5 September).
This represents the tightest figure between the two gauges for 14 months and means financiers are becoming increasingly averse to the idea of loaning money to other banks.
Yesterday, the three-month Euribor rate was set at a record low of 0.276 per cent - a figure some 48 basis points below the European Central Bank's (ECB) refinancing rate.
Meanwhile, overnight deposits at the ECB rose to €342 billion ($429 billion) from €341 billion one day previously.
This comes after German finance minister Wolfgang Schaeuble said earlier this week on German radio that full ECB supervision of all banks in the EU may not be possible.
By Claire Archer
New worldwide class action laws brought on by globalization and increased participation in opt-in litigation have led to increased complexity in class...View article
FundCount Wins Best Accounting Solution at Family Wealth Report AwardsMeets family office needs for a unified accounting, general ledger and reporting...View article