If you want to know what happens to the credit ratings of large banks in lands of the PIIGS when the underlying country ratings have been cut over and over, you should know that it isn’t pretty. Standard & Poor’s has downgraded the ra...
The ratings agencies and outside groups are now assuring that Greece is under default, like it or not. Now let’s go ahead and throw in Irish banks as well, with a real possibility of Ireland after that. A default by most investors is when a d...
"My latest 'Special Alert' recommendation could be called an 'Are you Crazy?' pick; despite the high risk, I believe National bank of Greece (NBG) could double before the end of 2011,"...(
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