Market Talk – April 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 306.28 points or 0.81% to 37,934.76 Shanghai increased 35.74 points or 1.17% to 3,088.64 Hang [...]
Commerzbank to Merge with French BNP
According to a the latest spin, the German federal government’s withdrawal from the Commerzbank has left the favored shotgun wedding merger. Commerzbank is the Frankfurt money house which will be merged with the French BNP Paribas. This is being presented as if it were a strong German-French merger which is suggesting that there is a deeper European banking union unfolding. Additionally, they are also going to merge a troubled Italian bank into BNP.
Behind the curtain, the concern is that Commerzbank could not be merged with Deutsche bank because they have the same portfolios that are in trouble. BNP Paribas is about 10 times the size of Commerzbank. Therefore, the real world view is this is just a shotgun wedding rather than a new German-French merger.
Latest Posts
Four More Years PAUSE – Is Cognitive Impairment a Disqualification?
NOW – Biden: “Four more years. Pause.” pic.twitter.com/PW1HBgaCVu — Disclose.tv (@disclosetv) April 24, 2024 The world is receiving a disturbing lesson in dementia and cognitive decline as we watch Joe [...]
Low Voter Turnout Expected for 2024 US Presidential Election
The public has political fatigue. The 24/7 media cycle has been promoting political divide for years. The last election saw an outcome that was in contrast to the will of [...]
Democrats Praying for a Trump Assassination?
COMMENT: I have been a Democrat all my life, and I am 72. I suppose I was a Democrat because my father was. Like you, after watching what they [...]
