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Mon, November 14, 2011

Equity Research on Banco Santander S.A. and Ita? Unibanco Holding SA - Debt Crisis Weighs on Foreign Money Center Banks


Published on 2011-11-14 05:16:22 - Market Wire
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November 14, 2011 08:10 ET

Equity Research on Banco Santander S.A. and Ita Unibanco Holding SA - Debt Crisis Weighs on Foreign Money Center Banks

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In Europe, the possible resignation of Italy's President Berlusconi and the transfer of power to another political party could have a substantial effect on the banks throughout the Eurozone. Further delays in the Greek bailout along with rapidly growing unemployment in Spain are also compounding some of the problems for banks in Europe like Spain's Banco Santander S.A. Banco Santander S.A. report is accessible for free by registering today at [ http://www.shinesrooms.com/BancoSantanderSA141111.pdf ].

Outside of Europe, money center banks are faring much better. Itaú Unibanco Holding S.A., Brazil's largest private sector bank, posted better-than-expected results in the third quarter and is optimistic about default rates staying steady in the upcoming months. Itaú Unibanco Holding SA report is accessible for free by registering today at [ http://www.shinesrooms.com/ItauUnibancoHoldingSA141111.pdf ].

Overall, pending complete resolution of the debt crisis happening throughout Europe, further volatility in the foreign money center banking industry could be expected. Some investors are focusing their efforts elsewhere while they wait for Europe to play out.

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