Tuesday, November 25, 2008

信不信由你

正當聖誕節氣氛逐漸濃厚之際,大家自不然想聽一些開心的說話,例如日本最大證券商野村集團(Nomura)CEO(總裁)渡部賢一上周同《金融時報》話,全球資金緊絀危機已過,大家應將焦點重新集中多個主要大國政府,推出刺激經濟措施,協助環球經濟復甦過來。

畢竟野村在這兩個月聲名大噪,一舉拿下雷曼兄弟於亞太區、歐洲和中東的業務,躋身進軍國際金融大舞台,若不抱看好前景的信心,怎會落重注。可惜其股東不領情,野村股價於上月中還逾1,200日圓,但上周五(日本昨日休市)收市645日圓計,累積跌了46%。

滙豐控股(005)亦話可能要增加資本,而渣打集團(2888)則率先供股籌200億元。有關行動均顯示銀行對資金渴求程度不容忽視,因為手中的所謂毒藥資產可能惡化,若果撇帳了事,不但損益表受影響,連資產負債實力亦受波及,銀行資本實力必被削弱,你還相信資金危機已過嗎?

甚至美國聯儲局長伯南克在新一期《The New Yorker》中亦承認講錯話,因太早指次按危機已經受控。略為找些資料,原來他和其拍檔財長保爾森早於07年3月起發表過類似言論,真是信者得「咎」。

其他活生生例子就是花旗集團(Citigroup)於上周五傳出財困,未知是真是假,傳聞已足以變成市場恐慌。回望上周一,花旗CEO Vikram Pandit在投資推介會上,曾話已大幅減持風險高資產,並讓花旗資本處於強勁狀況,更講在過去15個月已集資750億美元(約5,250億港元),為何又會變得如此不濟?

這種脆弱的攻擊足以令花旗股價先重創,相信日後淡友必會對其他金融機構採取同樣的策略,趁機搵錢。幸好,還記得財長保爾森曾話過,美國政府的7,000億美元救市基金中,將保留部分資金留待下任總統使用,美其名是等新人接手,但其實若再出現第二波時,依然有彈藥應戰,故此花旗率先再獲優厚待遇,先發行優先股獲政府提供200億美元資金,再用70億美元的優先股以換取政府和聯邦存款保險公司為其3,060億美元債務和證券等作擔保,還附送一批換股價為10.61美元的認股證。

較特別的是,政府和聯邦存款保險公司幫手,擔保花旗一批住宅和商業物業相關債務和證券,花旗蝕最多290億美元後,再蝕的話,政府佔九成,花旗佔一成,包底意味濃,料為穩定市場情緒,避免拿著花旗的債務抵押債券等的投資者震個不停。為免美國政府被市場批評厚此薄彼,這種擔保模式或許成為日後其他銀行尋求政府出手的方法。不過,Vikram Pandit曾話,花旗的信用卡業務在全球屬第一位,而花旗的信用卡貸款卻不包括在今次的擔保範圍內,且看會否為金融風暴第三波埋下伏筆。

(11月25日刊於《am730》)

9 Comments:

At 10:34 AM, Blogger oakleyses said...

oakley sunglasses, ray ban sunglasses, coach purses, oakley sunglasses, louboutin, air max, polo ralph lauren outlet, tiffany and co, longchamp handbags, louis vuitton handbags, nike shoes, longchamp handbags, louis vuitton, louis vuitton outlet, polo ralph lauren outlet, michael kors outlet, jordan shoes, michael kors outlet, michael kors outlet, kate spade outlet, true religion jeans, prada handbags, christian louboutin shoes, chanel handbags, nike free, louis vuitton outlet, gucci outlet, air max, burberry outlet, ray ban sunglasses, coach outlet, prada outlet, oakley sunglasses cheap, burberry outlet, tory burch outlet, louis vuitton outlet stores, michael kors outlet, louboutin, kate spade handbags, louboutin outlet, true religion jeans, coach outlet store online, michael kors outlet, coach factory outlet, tiffany and co, michael kors outlet, longchamp outlet

 
At 10:42 AM, Blogger oakleyses said...

nike roshe, oakley pas cher, hogan outlet, sac hermes, abercrombie and fitch, longchamp, nike free pas cher, michael kors, lululemon, barbour, nike tn, louis vuitton, nike trainers, converse pas cher, sac louis vuitton, new balance pas cher, michael kors, air jordan, nike blazer, nike free, north face, vanessa bruno, north face, polo ralph lauren, sac guess, vans pas cher, hollister, true religion outlet, air max, sac burberry, air force, air max pas cher, louboutin, ralph lauren, true religion outlet, nike roshe run, sac longchamp, timberland, hollister, michael kors pas cher, polo lacoste, ray ban pas cher, ray ban sunglasses, air max, nike air max, sac louis vuitton, louis vuitton uk, mulberry

 
At 10:45 AM, Blogger oakleyses said...

soccer jerseys, marc jacobs, canada goose, canada goose, ghd, nfl jerseys, nike huarache, north face outlet, ugg pas cher, ferragamo shoes, ugg, asics running shoes, mac cosmetics, birkin bag, valentino shoes, vans shoes, giuseppe zanotti, instyler, longchamp, reebok outlet, hollister, bottega veneta, chi flat iron, canada goose jackets, ugg australia, mcm handbags, mont blanc, abercrombie and fitch, uggs outlet, soccer shoes, jimmy choo outlet, canada goose uk, insanity workout, beats by dre, canada goose outlet, babyliss pro, new balance shoes, nike roshe run, celine handbags, wedding dresses, canada goose, lululemon outlet, ugg boots, north face jackets, rolex watches, herve leger, ugg boots, p90x

 
At 10:46 AM, Blogger oakleyses said...

air max, lancel, moncler, moncler outlet, supra shoes, moncler, juicy couture outlet, hollister clothing store, oakley, timberland boots, juicy couture outlet, ray ban, louboutin, vans, karen millen, pandora charms, converse, canada goose, thomas sabo, links of london, hollister, coach outlet store online, toms shoes, pandora charms, iphone 6 cases, moncler, parajumpers, louis vuitton, ugg, converse shoes, canada goose, swarovski, pandora jewelry, ugg, ralph lauren, moncler, air max, swarovski crystal, montre homme, gucci, moncler, hollister, wedding dresses, moncler, baseball bats, rolex watches

 
At 2:18 PM, Blogger ninest123 Ninest said...

ninest123 11.11
iphone 5s cases, air max, insanity workout, iphone 6 plus cases, celine handbags, ghd, instyler, ralph lauren, iphone 6 cases, soccer shoes, vans, baseball bats, reebok outlet, air max, iphone 6s plus cases, asics running shoes, beats by dre, lululemon outlet, wedding dresses, babyliss pro, new balance shoes, converse, abercrombie and fitch, gucci, ipad cases, ray ban, s6 case, soccer jerseys, p90x, jimmy choo outlet, birkin bag, mont blanc, vans shoes, timberland boots, giuseppe zanotti, north face jackets, chi flat iron, oakley, iphone cases, ferragamo shoes, mcm handbags, north face outlet, mac cosmetics, herve leger, bottega veneta, nfl jerseys, abercrombie, nike roshe run, iphone 6s cases, louboutin, valentino shoes, hollister clothing store

 
At 2:26 PM, Blogger ninest123 Ninest said...

canada goose, doke gabbana, sac louis vuitton, marc jacobs, moncler outlet, sac lancel, toms shoes, ugg, louis vuitton uk, canada goose, links of london, thomas sabo, hollister, swarovski, pandora charms, canada goose jackets, pandora jewelry, converse shoes, pandora charms, moncler, barbour, rolex watches, canada goose outlet, moncler, michael kors handbags, moncler, ugg, louis vuitton, moncler, montre homme, karen millen, canada goose, pandora jewelry, sac louis vuitton, michael kors outlet, supra shoes, moncler, moncler, ugg pas cher, swarovski crystal, juicy couture outlet, moncler, canada goose, coach outlet store online, wedding dresses, ugg, canada goose, juicy couture, ugg boots, michael kors outlet online, louis vuitton, canada goose uk, barbour

 
At 2:32 PM, Blogger ninest123 Ninest said...

oakley sunglasses, louis vuitton outlet, burberry outlet, cheap uggs, louis vuitton outlet, longchamp handbags, michael kors outlet, michael kors outlet, jordan shoes, burberry outlet, ugg boots clearance, chanel handbags, louboutin outlet, michael kors outlet, polo ralph lauren outlet, christian louboutin, oakley sunglasses cheap, nike shoes, louis vuitton, air max, prada handbags, prada outlet, tiffany and co, air max, tiffany and co, ray ban sunglasses, ugg outlet, uggs, longchamp handbags, michael kors outlet online sale, ray ban sunglasses, replica watches, longchamp outlet, louis vuitton outlet stores, michael kors outlet, oakley sunglasses, cheap oakley sunglasses, uggs outlet, gucci outlet, polo ralph lauren, ray ban sunglasses, rolex watches, louis vuitton handbags, tory burch outlet, louboutin, louboutin shoes, nike free, oakley sunglasses, michael kors outlet

 
At 2:38 PM, Blogger ninest123 Ninest said...

nike air force, sac hermes, hogan outlet, michael kors, coach purses, nike trainers, nike roshe run pas cher, air max, ray ban sunglasses, air max, air jordan, coach factory outlet, vans pas cher, polo lacoste, michael kors uk, nike tn, ralph lauren, sac guess, sac burberry, polo ralph lauren, vanessa bruno, longchamp, mulberry, hollister, nike free pas cher, michael kors outlet, nike air max, nike roshe, north face, sac longchamp pas cher, hollister, air max pas cher, nike huaraches, true religion outlet, converse pas cher, ray ban pas cher, true religion jeans, timberland, nike free, new balance pas cher, oakley pas cher, coach outlet store online, longchamp, north face, true religion jeans, nike blazer, abercrombie and fitch, louboutin, michael kors pas cher, lululemon outlet online, true religion outlet
ninest123 11.11

 
At 4:00 PM, Blogger raybanoutlet001 said...

cheap jordan shoes
toms shoes
true religion outlet
new orleans saints jerseys
giants jersey
christian louboutin shoes
nike store uk
nike outlet
coach outlet online
new balance shoes
2017.6.17

 

Post a Comment

<< Home