European banks going down the ...
 

The european banks seem to be going down the shitter too!


UBS is to write down another $19 billion dollars !

http://www.StocksForum.com/showthread.html?t=55


I think its time for EU to cut interest rates and the discount rate window for the banks before they get themselves into major major problems!

Lol. Right.

UBS will fail 10 times before Frankfurt gives it 10 dollars.

When America sneezes the world gets a cold.

it's not that you sneezed, it's that you voted the wrong guy as president (...twice).
I just pray Obama can clean the fucking mess up :upsidedow

For those not paying attention.

HONG KONG (MarketWatch) -- An influential Bank of Japan survey showed Tuesday
confidence among Japan's larger manufacturers deteriorated sharply in the three months ending March 31 as a slowing U.S. economy, rising yen and higher energy and food prices undermine business conditions.

PARIS, March 28 -- The French economy is expected to grow by less than 2 percent this year, painting a bleak picture for the country's efforts to reduce its financial deficits. French Prime Minister Francois Fillon said this year's economic growth rate is expected to sway between 1.7 percent and 2.0 percent, down from the earlier forecast in the budget plan of 2.25 percent.

Match 31. Euro zone inflation jumped to new highs in March, data showed today, effectively ruling out any near-term ECB rate cuts as price stability turned out to be a bigger headache than slowing economic growth.

March 31. European Commission data showed economic sentiment in the euro zone fell to 99.6 from 100.2, the lowest reading since November 2005, signalling a sharp slow down in growth in the first half of this year, economists said. They also said the weak sentiment meant the ECB would have to cut its 2008 growth forecast, now in a range of 1.3 and 2.1 per cent. But inflation would be the bigger worry for the bank

1st quarter, 2008.
S and P. Down 10%
Hang Seng. Down 18%
Nikkei. Down 18%
DAX. Down 19%
Oil +10%

Today. Deutsche Bank reported a $3.9 billion write-off, mostly on leveraged loans, commercial real estate and Alt-A exposure.

also ... Chinese stock market down another 4% today.