18- 19 MAGGIO: CRIPTOVALUTE ALL'ITFORUM DI RIMINI

18- 19 MAGGIO:  CRIPTOVALUTE ALL'ITFORUM DI RIMINI
NOI SAREMO PRESENTI! RAGGIUNGICI PER UNA DUE GIORNI UNICA!

MANCANO 54 MILIARDI AL SISTEMA BANCARIO ITALIANO

CON I RISPARMI SICURI IN UNA BANCA SVIZZERA FRA LE PIU' SICURE E GARANTITE DEL CANTON TICINO E CON UN COSTO DI SOLI 60 FRANCHI ALL'ANNO PER LA SPESA DI TENUTA CONTO, IL NOSTRO GRUPPO DI ACQUISTO CON OLTRE 500 FAMIGLIE PRESENTI PASSERA' UN NATALE SERENO.
inoltre quest'anno il portafoglio WMO ASSET ALLOCATION, che mettiamo a a disposizione gratuitamente ai membri del Gruppo di Acquisto, ha una performance record del 11,5% !!!
e poi...poi abbiamo una parte dei nostri risparmi in BITCOIN senza bisogno di banche e intermediari! Massima privacy, impossibilita' di confisca da parte dello stato! uomo al centro! Bitcoin non solo come investimento ma sopratutto come CREDO NELL'UOMO E NELLA SUA INDIVIDUALITA'.

INTANTO IN ITALIA...
- il governo terrorizza i risparmiatori mettendo da parte un tesoro di 20 miliardi per cercare di proteggere il sistema bancario (e non i risparmiatori)
- In Germania si parla di obbligare l'europa a chiedere aiuto al fondo speciale (al quale noi stessi contribuiamo per oltre 50 miliardi)
- Bloomberg scrive questa mattina che 20 miliardi sono pochi e che al sistema bancario italiano servono 54 miliardi
- Sempre piu' vicina e possibile una procedura di urgenza di blocco alla libera circolazione di capitali per i privati
- un sicura aumento della tassa di successione con un quasi azzeramento della franchigia (si parla di 200.000 di franchigia e di una tassa progressiva con aliquota al 30% sopra 1 milione)
E INTANTO LA MAGGIORNAZA DEGLI ITALIANI SI PREPARA AL NATALE E AL 2017 INCONSAPEVOLE DELLA MATTANZA IN ARRIVO
Italy Bank Rescue Won’t Fill $54 Billion Hole on Balance Sheets by
Yalman Onaran
21 dicembre 2016, 06:00 CET
Lenders need to augment provisions to make debt sales possible
Government readying bailout as Monte Paschi struggles
Italian banks need at least 52 billion euros ($54 billion) to clean up their balance sheets, much more than the rescue package proposed Monday by the government.
The shortfall is an estimate of how much lenders would have to increase loan-loss provisions to allow for the sale of bad debt, according to data compiled by Bloomberg. It includes the 8 billion euros of provisions UniCredit SpA has said it will add before selling 18 billion euros of its worst loans and uses that ratio as a proxy for the gap at other banks. The total also includes the 5 billion euros Banca Monte dei Paschi di Siena SpA has been struggling to raise in recent months.



The Italian government asked parliament this week to increase the public borrowing limit by as much as 20 billion euros to potentially backstop Monte Paschi and other lenders. The rescue package needs to be closer to 30 billion euros to solve Italy’s bad-debt crisis, according to Paola Sabbione, a Milan-based analyst at Deutsche Bank AG. That conclusion assumes UniCredit and some other lenders can raise about 20 billion euros through capital markets, asset sales and profit retention -- leaving the government to fill the rest of the 52-billion-euro hole.

“Some of the publicly traded banks can probably raise some of the funds needed for a cleanup, including Monte Paschi,” said Sabbione, who has covered Italian banks for the past decade. “So the government would have to plug in the rest. But still, at this level, it won’t do the full job.”
UniCredit Provisions

UniCredit, the nation’s largest lender, plans to increase loan-loss provisions to 75 percent for nonperforming loans with the lowest chances of recovery and 40 percent for two other categories considered less dire. The increased writedowns will help the Milan-based lender sell about a third of its bad loans to asset manager Fortress Investment Group.

UniCredit is planning to raise 13 billion euros of new equity funding to cover the increased provisions as well as other restructuring costs and to improve its capital ratio. The company’s shares have jumped 15 percent since the Dec. 13 announcement, giving analysts confidence the bank will have little trouble tapping investors for the funds.

Italian banks had 356 billion euros of bad loans at the end of June and 165 billion euros of provisions against them, according to the latest Bank of Italy data. To get the worst category to 75 percent provisioning and the rest to 40 percent, as UniCredit is doing, would take 52 billion euros.

The ECB has been pushing for reduction of bad loans at the 14 large Italian banks it directly supervises, which include UniCredit and Monte Paschi, Italy’s No. 3 lender. The 75 percent writedown on the worst type brings the value in line with what outside investors are paying for such distressed debt in recent sales, making the disposals more likely. While some bad-debt portfolios have been sold for about 25 percent of face value in recent years, some have gone for as low as 16 percent as Italy’s slow bankruptcy process makes recovery arduous, lowering the price investors are willing to pay.
Worst Shape

Four banks supervised by the ECB are in the worst shape, according to Nicolas Veron, a senior fellow with Bruegel, a Brussels-based research group. They are Monte Paschi, Banca Carige SpA, Banca Popolare di Vicenza and Veneto Banca SpA. The government may have to put up money to help those with their capitalization and debt disposals, while other large banks will probably be able to access capital markets for the needed resources, Veron said.

“Nationalization is better than denial,” he said.

Once larger banks meet their capital shortfalls and sell some bad loans, the ECB probably will pressure the Bank of Italy, which supervises the rest of the nation’s lenders, to do the same with smaller firms, Veron said. The government would have to contribute capital to small banks that aren’t publicly traded, according to Veron and Sabbione.

Italy has shied away from intervention in its banks because new European Union rules require losses on junior bonds, which are widely held by retail investors, when government money is injected. Spain, which cleaned up its banks in 2012 by funding an asset-management company to take over bad loans, imposed losses on junior creditors as a condition for the EU funds it tapped. The country then reimbursed retail investors who’d bought the bonds without realizing their risk.

Italy has pressed healthier banks and insurance companies to fund an asset-management company for bad loans. The firm, Atlante, has fallen short of raising enough money to tackle all of the worst debt sitting on balance sheets.

Italy could follow Spain’s example by setting up a government-backed fund, bail in junior debt as new rules require and refund retail investors. That could speed an Italian cleanup, according to an EU official who asked not to be identified. A new government next year would be more likely to carry out such a plan, the official said. Former Prime Minister Matteo Renzi, who stepped down this month, has said he favors elections as soon as April.

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1 commento:

Anonimo ha detto...

Il sistema non regge più.
E non solo in Italia.
Quello che scrivono i giornali è solo terrorismo mediatico.
lo fanno per vendere meglio la notizia. Ma anche la stampa è fallita.
È fallito il mercato ultra liberista.
Speriamo che il reset non ci porti a una guerra.