Bank analyst. Mostly tweeting data and views (my own, not necessarily shared my employer) about banks and the economy RT=interesting, not endorsement.
London
Joined April 2013
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THREAD (1/17) Long thread on CoronaVirus and impacts on banks.
Full Disclaimer: shameless content promotion
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
THREAD (1/10) Silvergate, SVB, Signature. Are European banks next?
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Where are the bank lobbyists & politicians who fought so hard for banks under $250 bn in assets to not be required calculate if they had enough high quality liquid assets to cover stressed cash outflows? @BankingGOP @SenateBanking @FSCDems @FinancialCmte @ABABankers (1)
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Lady's and Gentlemen, boys & girls, it is time saddle up for another installment of the "Mud and Truck Maintenance in Ukraine" feed.
And this one will be a doozy, because we are talking about Russian truck refueling in the 64km column north of Kyiv. ๐งต
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Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Ma che meraviglia โค๏ธโ๐ฅ
BUON COMPLEANNO CONCITA!
Giornalista, scrittrice e conduttrice di @InOndaLa7 con @DAVIDPARENZO.
Tanti auguri @concitadeg! ๐
We have officially gone full circle. We target inflation through government budgets and make sure governments don't go bust via central banks.
Call me old fashioned but I prefer the other way.
Philip Lane proposes a two-tier countercyclical fiscal framework accounting for the ECB's inflation target: "fiscal policy would be looser when inflation is running below target but tighter when inflation is running above target."
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Inflation is always a monetary phenomenon.
The way you measure and manage it is politics.
What was the highlight of my week? The ECB session on The Future of Inflation moderated by @Isabel_Schnabel and featuring Charles Goodhartโwho certainly stole the show with his remarks on the state of macroeconomics.
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Discussing the outcome of the European bank stress tests, @EuroBanks, Co-head of Financial Institutions at @ScopeGroup_ speaks to @SquawkBoxEurope
cnbc.com/video/2021/08/02/thโฆ
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
The EBA stress test results will be a milestone for European banks as they could set off a normalization of distribution policies, according to Marco Troiano, bank analyst at @ScopeGroup_ @EuroBanks ow.ly/tUkP50FGYGg
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
A domestic holiday is not a staycation. A staycation is when you STAY AT HOME. I will die on this hill.
Staycation boom benefits UK more than other countries on.ft.com/3l4Z1Qn
One for history. Reminder of how crazy it gets when greed and euphoria take over.
โFUCK ELON, WE'RE NOT SELLING!โ โ @maxkeiser @ #Bitcoin Miami 2021๐๐ผ๐
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Tesla just announced that it had bought 1.5 billion dollars of bitcoin and could in the future sell cars in bitcoins. Since this morning both Bitcoin and Tesla are going up in the market. Maybe there is afterall something in the saying thatโBitcoin is Tesla without the carsโ1/ 20
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Given that some countries / regions / hospitals / distributors are much more efficient than others, I wonder if we should entertain a "Kanban-style" distribution.
Each distributor is given a rel. small batch of doses. The second batch is shipped once they're (say) 80% through it
Good thread by @jeuasommenulle on expected covid losses. Estimate looks reasonable to me in the context of massive public sector support. Spoiler alert: these levels of cost of risk are manageable esp. if spread out over a few years (they will...)
European Banks still need to book 220bnโฌ in loan losses for the Covid crisis.
(Disclaimer: this is just my estimate, I could be totally wrong, read what follows at your own risk.)
How do I get to that number? A thread.
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Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
In case you missed it, it turns out Germanyโs regulator, BaFin, allowed its staff to trade Wirecard shares while it was investigating the company, and despite it directly supervising its bank. w/ โฆ@RuthBenderWSJโฉ wsj.com/articles/german-markโฆ
Marco Troiano, CFA ๐ช๐บ๐ฎ๐น๐ฌ๐ง๐ณ๏ธโ๐ retweeted
Sessanta miliardi, euro piรน, euro meno. E' quanto hanno accantonato in sei mesi le banche europee per far fronte al rischio #Covid. Spagnole e britanniche in prima fila. Le italiane (per ora) si difendono. Basterร ? lnkd.in/dahyxmv