m22au's journal

Bank recapitalisation details:

http://www.zerohedge.com/news/eba-releases-details-€106-billion-capital-bank-shortfall

* tier 1 capital of 9%
* to be raised by June 2012
* to be based on calculations on 30 September 2011 figures
* preliminary country figures provided by EBA, but they refuse to do this on a bank-by-bank basis

full press release:

"The EBA details the EU measures to restore confidence in the banking sector"

http://eba.europa.eu/News--Communic...tails-the-EU-measures-to-restore-confide.aspx

Q&A (pdf file)
http://eba.europa.eu/cebs/media/aboutus/News and Communications/Q-A-FINAL.pdf

Methodological note (pdf file)
http://eba.europa.eu/cebs/media/abo...reign-capital-shortfall_Methodology-FINAL.pdf
 
http://in.reuters.com/article/2011/10/26/idINIndia-60142220111026

"BNP, SocGen, BPCE need 8.8 bln euros - Bank of France"

(Reuters) - France's top banks need a total of 8.8 billion euros in capital, the Bank of France said on Thursday, as part of a euro zone effort to recapitalise banks so that they meet a new minimum core tier 1 capital ratio of 9 percent by end-June 2012.

The French central bank said
BPCE needed 3.4 billion euros,
Societe Generale needed 3.3 billion and
BNP Paribas needed 2.1 billion.
France's other big bank, Credit Agricole did not need fresh capital, it said.

The recapitalisation push is part of broader efforts being thrashed out by euro zone leaders in Brussels to restore confidence and stability to the bloc's markets and economy.
 
http://www.bloomberg.com/news/2011-...-require-eu106-billion-in-capital-table-.html

"EBA Says EU Banks Need $147 Billion of Capital (Table - Lenders)"

The EBA examined 70 banks, of which 30 had no additional capital requirements. Thirty banks have published their gap, while 10 have yet to announce whether they require funds.

UniCredit 7,380 Italy

BBVA 7,087 Spain
Santander 6,474 Spain

Societe Generale 3,300 France
Commerzbank 2,938 Germany

Banca Monte Dei Paschi di Siena 3,100 Italy
Banco Popolare 2,820 Italy
Ubi Banca 1,480 Italy

Banco Popular Espanol 2,362 Spain

Caixa Geral de Depositos 2,239 Portugal

BNP Paribas 2,100 France

B P di Milano:
http://www.reuters.com/article/2011/10/28/popmilano-idUSL5E7LS0NS20111028
Pop Milano prices 800 mln eur cap hike at 0.3 eur/share
 
http://www.bloomberg.com/news/2011-...hi-most-affected-by-buffer-capital-needs.html

"UniCredit Has to Raise the Most Capital Among Italy’s Banks"

Capital requirements

UniCredit SpA (UCG) 7.8 billion
Banca Monte dei Paschi di Siena SpA (BMPS) 3.1 billion
www.bloomberg.com/news/2011-10-27/monte-paschi-says-eba-capital-buffer-is-3-1-billion-euros.html
Unione di Banche Italiane ScpA (UBI) 1.48 billion euros
Banco Popolare SC (BP) 2.8 billion euros.

Market cap data from Bloomberg
http://www.bloomberg.com/apps/quote?ticker=UCG:IM

UniCredit SpA (UCG) 17.3 billion
Banca Monte dei Paschi di Siena SpA (BMPS) 4.1 billion
Unione di Banche Italiane ScpA (UBI) 2.6 billion
Banco Popolare SC (BP) 1.98 billion
 
http://www.zerohedge.com/news/dont-...3-out-top-4-banks-trading-below-bailout-price

"Now, we see that it has also spread to the equity of those all important Italian financial companies. As the chart below shows, 3 of the top 4 Italian banks (Intesa, UniCredit, Monte Pasci, And MedioBanca) are now trading below their levels at the time of the bailout. So: rescue half life is what - 48 hours? About in line with our expectations."

Of the four, Intesa is the strongest. Unicredit second strongest. BMPS and MedioBanca the weakest.

Also see RBS and LLOY for similar price action - dropping to levels seen last Wednesday.

Commerzbank also near Thursday's low.
 
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