This is incredible. Even in the midst of a crisis, these banks were paying out dividends that EXCEEDED retained earnings!
Euro-area banks weakened their capital bases by paying substantial dividends throughout the crisis years, especially in France, Spain and Italy, where payouts since 2007 have exceeded the level of retained earnings, according to the Bank for International Settlements.
Those funds could have helped boost lending to the real economy instead, according to the text of a speech in Frankfurt Thursday by Hyun Song Shin, head of research at the Basel-based “central bank for central banks.” Higher capital ratios reduce banks’ funding costs and increase the money they lend, a study presented by Shin in Frankfurt argues.
If you’re an investor who wants to protect yourself from the coming bear market, then you NEED to take out a trial subscription to our paid premium investment newsletter Private Wealth Advisory.
Private Wealth Advisory is a WEEKLY investment newsletter with an incredible track record.
To wit… in the last 16 months we’ve closed out 77 straight winning trades.
That is not a typo…
For 16 months, not only have Private Wealth Advisory subscribers locked in 77 CONSECUTIVE winners including gains of 18%, 36%, 69%, even 119%…
But throughout that ENTIRE TIME we’ve not closed a SINGLE loser.
Indeed, we just closed out two more double digit winners yesterday: gains of 10% and 40% opened just a few weeks before
As you can imagine, this track record is a getting a ton of attention, so we are going to be closing the doors on our current offer to explore Private Wealth Advisory at the end of this month.
So if you want to try Private Wealth Advisory for 30 days for just 98 cents, you need to get moving, because the clock is ticking and slots are quickly running out.
To lock in one of the remaining slots…
Chief Market Strategist
Phoenix Capital Research
Our FREE e-letter: http://gainspainscapital.com/
Follow us on Twitter: http://twitter.com/GainsPainsCapit