Banken in der Eurozone
Financing conditions for German companies
Corporate lending is slowing substantially
https://www.dbresearch.com/PROD/RPS_EN-PROD/...ions_for_German_.xhtml
Corporate lending is slowing substantially
https://www.dbresearch.com/PROD/RPS_EN-PROD/...ions_for_German_.xhtml
A New Wave of Real Estate Pain Is Coming After European Rout
https://www.bloomberg.com/news/articles/...-148-billion-european-rout
https://www.bloomberg.com/news/articles/...-148-billion-european-rout
> https://www.ariva.de/forum/...er-eurozone-472954?page=322#jumppos8075
Embattled Landlord SBB Plunges Further Into Junk Territory. Shares in SBB have plunged more than 90% from 2021 peak.
https://www.bloomberg.com/news/articles/...territory-in-s-p-downgrade
S&P lowers SBB's credit rating again: Sweden Sweden — The credit rating agency Standard & Poor's downgrades its long-term credit rating on SBB once again, this time to BB- with a negative outlook, from BB+. At the same time, the credit rating for the hybrid bonds is also lowered to B- from B+, while the short-term credit rating B is maintained.
https://nordicpropertynews.com/article/8501/...bs-credit-rating-again
Embattled Landlord SBB Plunges Further Into Junk Territory. Shares in SBB have plunged more than 90% from 2021 peak.
https://www.bloomberg.com/news/articles/...territory-in-s-p-downgrade
S&P lowers SBB's credit rating again: Sweden Sweden — The credit rating agency Standard & Poor's downgrades its long-term credit rating on SBB once again, this time to BB- with a negative outlook, from BB+. At the same time, the credit rating for the hybrid bonds is also lowered to B- from B+, while the short-term credit rating B is maintained.
https://nordicpropertynews.com/article/8501/...bs-credit-rating-again
https://cbonds.com/news/2354675/
https://scoperatings.com/ratings-and-research/rating/EN/174419
The Real-Estate Market Caught in a Tangled Web of Ownership and Debt: Swedish property companies have some $41 billion of bond debt coming due in the next few years
https://www.wsj.com/articles/...ed-web-of-ownership-and-debt-3f4a04af
Swedish REIT plunge is debt-structuring issue: So far in 2023, Swedish-listed property companies have sold $3.1bn (€2.9bn) of European assets as they try to deleverage, according to the MSCI analyst.
Swedish REITs have high levels of exposure to floating-rate, short-duration bonds, many of which were issued in 2020 and 2021 when their benchmark rate was close to zero – but by the end of April it had risen to 3.49%, according to MSCI. “This has caused significant challenges for the issuers of the debt, much of which was short-term,” Leahy said, adding that Refinitiv data show that around 45% of the bonds are due to mature by the end of 2025.
https://realassets.ipe.com/news/...ing-market-robust/10067113.article
Listed Swedish companies massive sales: 2.9 billion euros: Investment activity in Swedish commercial properties has collapsed in the past year as companies have had difficulty adapting to higher interest rates. The latest statistics from MSCI show that the listed companies together have sold properties for approximately 3.1 billion dollars, close to 2.9 billion euros, so far in 2023. In an exclusive interview with Nordic Property News, Tom Leahy, executive director of MSCI Research, talks about the dramatic developments in the Swedish real estate market and what the future may hold.
https://nordicpropertynews.com/article/8503/...sales-29-billion-euros
https://scoperatings.com/ratings-and-research/rating/EN/174419
The Real-Estate Market Caught in a Tangled Web of Ownership and Debt: Swedish property companies have some $41 billion of bond debt coming due in the next few years
https://www.wsj.com/articles/...ed-web-of-ownership-and-debt-3f4a04af
Swedish REIT plunge is debt-structuring issue: So far in 2023, Swedish-listed property companies have sold $3.1bn (€2.9bn) of European assets as they try to deleverage, according to the MSCI analyst.
Swedish REITs have high levels of exposure to floating-rate, short-duration bonds, many of which were issued in 2020 and 2021 when their benchmark rate was close to zero – but by the end of April it had risen to 3.49%, according to MSCI. “This has caused significant challenges for the issuers of the debt, much of which was short-term,” Leahy said, adding that Refinitiv data show that around 45% of the bonds are due to mature by the end of 2025.
https://realassets.ipe.com/news/...ing-market-robust/10067113.article
Listed Swedish companies massive sales: 2.9 billion euros: Investment activity in Swedish commercial properties has collapsed in the past year as companies have had difficulty adapting to higher interest rates. The latest statistics from MSCI show that the listed companies together have sold properties for approximately 3.1 billion dollars, close to 2.9 billion euros, so far in 2023. In an exclusive interview with Nordic Property News, Tom Leahy, executive director of MSCI Research, talks about the dramatic developments in the Swedish real estate market and what the future may hold.
https://nordicpropertynews.com/article/8503/...sales-29-billion-euros
European investment activity dropped in Q1
https://www.savills.se/pdf/...-real-estate-market-overview-ss2023.pdf
https://www.savills.se/pdf/...-real-estate-market-overview-ss2023.pdf
Die Schweizer Großbankenfusion ist abgeschlossen. "Die UBS hat den rechtlichen Abschluss der Übernahme von Credit Suisse (CS) vollzogen", heißt es in einem offenen Brief, den die nunmehr einzige Schweizer Großbank am Montag in verschiedenen Zeitungen veröffentlicht hat.
https://www.ariva.de/news/...t-bernahme-der-credit-suisse-ab-10735663
https://www.ariva.de/news/...t-bernahme-der-credit-suisse-ab-10735663
SBB continues to fall like a stone...SBB dives on the stock market after Goldman’s “verdict”: Goldman Sachs repeats its sell recommendation on crisis-hit SBB and lowers the target price to a record low – the share dives.
https://sweden.postsen.com/news/amp/112123
Top Finnish Landlord Downgraded to Junk Status as Crunch Worsens
https://news.bloomberglaw.com/capital-markets/...us-as-crunch-worsens
Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate.
https://www.ariva.de/forum/...er-weltzone-517296?page=137#jumppos3434
https://sweden.postsen.com/news/amp/112123
Top Finnish Landlord Downgraded to Junk Status as Crunch Worsens
https://news.bloomberglaw.com/capital-markets/...us-as-crunch-worsens
Goldman Sachs CEO David Solomon warns of pain ahead for commercial real estate.
https://www.ariva.de/forum/...er-weltzone-517296?page=137#jumppos3434
European real estate: prepare for more pain from higher yields
Europe’s commercial real estate sector is groaning under the impact of rising interest rates as central banks continue to tighten monetary policy to control inflation. Overall economic activity is sluggish. Some CRE subsectors such as shopping centers and second-tier office property face long-term adverse trends.
https://scoperatings.com/ratings-and-research/research/EN/174221
SBB sells DNB Bank's headquarters
https://nordicpropertynews.com/article/2693/...the-norwegian-strategy
Europe’s commercial real estate sector is groaning under the impact of rising interest rates as central banks continue to tighten monetary policy to control inflation. Overall economic activity is sluggish. Some CRE subsectors such as shopping centers and second-tier office property face long-term adverse trends.
https://scoperatings.com/ratings-and-research/research/EN/174221
SBB sells DNB Bank's headquarters
https://nordicpropertynews.com/article/2693/...the-norwegian-strategy
Verius-Fonds schlägt Alarm: Bei Auflösung drohen mehr als 500 Millionen Euro auszufallen
Der Fonds finanziert Immobilien in Deutschland. Doch zahlreiche Baustellen stehen still. Und Investoren warten seit Monaten auf ihr Geld.
https://www.handelsblatt.com/finanzen/immobilien/...len/29200762.html
Der Fonds finanziert Immobilien in Deutschland. Doch zahlreiche Baustellen stehen still. Und Investoren warten seit Monaten auf ihr Geld.
https://www.handelsblatt.com/finanzen/immobilien/...len/29200762.html
Deutsche Bank warnt – Wetterextrem El Niño treibt die Inflation
Die Experten warnen vor den Folgen des gefürchteten Klimaphänomens
https://www.handelsblatt.com/finanzen/maerkte/...ation-/29200494.html
La-Niña ist vorbei, jetzt kommt El Niño Wetter
https://www.ariva.de/forum/...s-so-extrem-422856?page=299#jumppos7476
El Niño hat begonnen: Das Klimaphänomen dürfte sich nach Einschätzung von US-Forschern in den nächsten Monaten weiter verstärken.
https://www.sueddeutsche.de/wissen/...-auswirkungen-ursache-1.5924405
Die Experten warnen vor den Folgen des gefürchteten Klimaphänomens
https://www.handelsblatt.com/finanzen/maerkte/...ation-/29200494.html
La-Niña ist vorbei, jetzt kommt El Niño Wetter
https://www.ariva.de/forum/...s-so-extrem-422856?page=299#jumppos7476
El Niño hat begonnen: Das Klimaphänomen dürfte sich nach Einschätzung von US-Forschern in den nächsten Monaten weiter verstärken.
https://www.sueddeutsche.de/wissen/...-auswirkungen-ursache-1.5924405
Neue Ratings: Scope stuft jeden vierten offenen Immobilienfonds herab. Wegen gestiegener Risikoparameter und schwächerer Renditeentwicklung
https://www.fondsprofessionell.de/news/maerkte/...fonds-herab-224992/
https://www.fondsprofessionell.de/news/maerkte/...fonds-herab-224992/
Die Korrektur am Gewerbeimmobilienmarkt in Kontinentaleuropa beschleunigt sich, da die steigenden Zinsen auf die Bewertungen drücken. Der europäische Immobilienindex von MSCI, der die ungehebelte Wertentwicklung von direkt gehaltenen Immobilien von einer Bewertung zur nächsten abbildet, zeigt für Europa im ersten Quartal einen Rückgang von 10,8 Prozent, während in Großbritannien ein Wertverfall von 16 Prozent zu beobachten war.
https://www.fondsprofessionell.de/news/maerkte/...t-tempo-auf-225100/
https://www.fondsprofessionell.de/news/maerkte/...t-tempo-auf-225100/
Moderation
Zeitpunkt: 15.06.23 12:18
Aktion: Löschung des Beitrages
Kommentar: Moderation auf Wunsch des Verfassers
Zeitpunkt: 15.06.23 12:18
Aktion: Löschung des Beitrages
Kommentar: Moderation auf Wunsch des Verfassers
Lage so schlecht wie seit Januar nicht mehr ZEW Index: Lage-Einschätzung stürzt ab. Deutschland ist bereits in der Rezession – die Einschätzung der aktuellen Lage zeigt, dass die Dinge sich faktisch zuletzt noch einmal deutlich verschlechtert haben zuletzt.
https://finanzmarktwelt.de/...x-lage-einschaetzung-stuerzt-ab-273533/
https://finanzmarktwelt.de/...x-lage-einschaetzung-stuerzt-ab-273533/
Fugi ist bekannt als Permabär, ich sag mal so, wenn die Hausse an den Aktienmärkten weiter anhält, wird das auch den USImmobilienmarkt stützen und dann auch auf in Europa das Sentiment verbessern
Top EU banks’ OTC derivatives climbed 12%: The European Union’s largest dealers reported a 12% increase in notional amounts of over-the-counter derivatives
https://www.risk.net/risk-quantum/7956877/...tives-climbed-12-in-2022
https://www.risk.net/risk-quantum/7956877/...tives-climbed-12-in-2022
> https://www.ariva.de/forum/...er-eurozone-472954?page=322#jumppos8068
Extraordinary general meeting in Samhällsbyggnadsbolaget i Norden AB: Today, 14 June 2023, it was resolved at the Extraordinary General Meeting of Samhällsbyggnadsbolaget i Norden AB:
- The general meeting resolved to amend the company’s Articles of Association in order to enable for the Board of Directors to resolve on postponement of record date.
- Furthermore, it was resolved to authorize the Board of Directors to determine the numbers of record dates and the dates on which these shall occur in relation to the resolution on dividend resolved on by the company’s Annual General Meeting 2023.
https://news.cision.com/...mhallsbyggnadsbolaget-i-norden-ab,c3787067
Extraordinary general meeting in Samhällsbyggnadsbolaget i Norden AB: Today, 14 June 2023, it was resolved at the Extraordinary General Meeting of Samhällsbyggnadsbolaget i Norden AB:
- The general meeting resolved to amend the company’s Articles of Association in order to enable for the Board of Directors to resolve on postponement of record date.
- Furthermore, it was resolved to authorize the Board of Directors to determine the numbers of record dates and the dates on which these shall occur in relation to the resolution on dividend resolved on by the company’s Annual General Meeting 2023.
https://news.cision.com/...mhallsbyggnadsbolaget-i-norden-ab,c3787067
> https://www.ariva.de/forum/...er-eurozone-472954?page=313#jumppos7848
Schwedens Immobilienmarkt ist ein wachendes Risiko für die nordischen Banken, sagt Ratingagentur
https://www.recapitalnews.com/...for-nordic-banks-says-rating-agency/
S&P Global: https://www.capitaliq.spglobal.com/articles/420324797.png
European commercial real estate showed negative returns: MSCI’s Europe Quarterly Property Index shows that commercial real estate investments generated negative total returns
https://nordicpropertynews.com/article/8519/...negative-returns-in-q1
Schwedens Immobilienmarkt ist ein wachendes Risiko für die nordischen Banken, sagt Ratingagentur
https://www.recapitalnews.com/...for-nordic-banks-says-rating-agency/
S&P Global: https://www.capitaliq.spglobal.com/articles/420324797.png
European commercial real estate showed negative returns: MSCI’s Europe Quarterly Property Index shows that commercial real estate investments generated negative total returns
https://nordicpropertynews.com/article/8519/...negative-returns-in-q1
OECD sees Swedish economy shrinking this year as inflation weighs
https://www.reuters.com/article/...-as-inflation-weighs-idINL8N3861QK
https://www.reuters.com/article/...-as-inflation-weighs-idINL8N3861QK
Italienische Banken bei Mega-EZB-Rückzahlung im Rampenlicht: Die Europäische Zentralbank wird die Belastbarkeit des Bankensektors auf die Probe stellen, wenn die Institute auf ein Mal rund eine halbe Billion Euro an Notenbankliquidität aus der Pandemie-Ära zurückzahlen müssen.
https://www.cash.ch/news/top-news/...uckzahlung-im-rampenlicht-610892
https://www.cash.ch/news/top-news/...uckzahlung-im-rampenlicht-610892
ING: We expect the ECB to deliver a 25bp rate hike this week and signal more to come.
https://think.ing.com/articles/...t-running-out-of-hawkish-arguments/
https://think.ing.com/articles/...t-running-out-of-hawkish-arguments/
EuGH zu Frankenkrediten in Polen: Entschädigung durch Bank möglich: Im Streit über Kredite in Schweizer Franken hat der Europäische Gerichtshof (EuGH) polnischen Bankkunden den Rücken gestärkt. Wird ein Darlehensvertrag über eine Hypothek wegen missbräuchlicher Klauseln für nichtig erklärt, können die Betroffenen unter Umständen Entschädigung von der Bank verlangen. Das entschied der EuGH am Donnerstag. Das Urteil könnte große Auswirkungen auf den polnischen Bankensektor und die deutsche Commerzbank (Commerzbank Aktie) haben.
https://www.ariva.de/news/...n-polen-entschdigung-durch-bank-10744724
Inflation in Polen im Mai bei 13 Prozent: Die Verbraucherpreise stiegen im Vergleich zum Vorjahresmonat um 13 Prozent, wie die Statistikbehörde in einer ersten Prognose am Donnerstag mitteilte.
https://www.ariva.de/news/...-in-polen-im-mai-bei-13-prozent-10744749
https://www.ariva.de/news/...n-polen-entschdigung-durch-bank-10744724
Inflation in Polen im Mai bei 13 Prozent: Die Verbraucherpreise stiegen im Vergleich zum Vorjahresmonat um 13 Prozent, wie die Statistikbehörde in einer ersten Prognose am Donnerstag mitteilte.
https://www.ariva.de/news/...-in-polen-im-mai-bei-13-prozent-10744749
Die Wirtschaftsleistung dürfte 2023 zurückgehen, erwarten zwei führende Forschungsinstitute. Deutschland ist internationales Konjunktur-Schlusslicht. Das Deutsche Institut für Wirtschaftsforschung (DIW) geht von einem Rückgang des Bruttoinlandsprodukts (BIP) von 0,2 Prozent im Vergleich zum Vorjahr aus. Das Kiel Institut für Weltwirtschaft (IfW) senkte seinen Ausblick auf minus 0,3 Prozent.
https://www.handelsblatt.com/politik/konjunktur/...2023/29206988.html
https://www.handelsblatt.com/politik/konjunktur/...2023/29206988.html
ECB raises rates to 22-year high even as economy stutters
ECB raises rates for 8th straight time
Leaves door open to more hikes
Inflation forecasts revised higher
https://www.reuters.com/markets/rates-bonds/...y-stutters-2023-06-14/
ECB raises rates for 8th straight time
Leaves door open to more hikes
Inflation forecasts revised higher
https://www.reuters.com/markets/rates-bonds/...y-stutters-2023-06-14/