Market information
Monday, April 26, 2010
The 15 euro countries providing financial aid to Greece will have strict demands. The finance ministers of both France and Germany claimed they do not wish to just donate billions of Euros to Greece, but that the money is intended to stabilize the country as soon as possible. Last Friday Greece requested the euro countries and the IMF for financial aid.Last week the IMF presented a plan for a dual bank fee: one based on the size of the balance sheet and one based on profits and bonuses. The IMF hopes to present the bill for the crisis to the banks with this measure and create an insurance against future crises. The finance ministers of the G20 have postponed their decision on the bank fee. They have asked the IMF to further investigate the bank fee.
This morning a number of companies announced their figures. TomTom announced a net profit of € 3.1 million in the first quarter. Analysts expected a net loss of € 0.4 million. The share TomTom noted an increase of 7.7% at the opening of the stock exchange today. BinckBank announced a net profit of 10% in the first three months of 2010. Despite this positive message the share noted a decrease of 2.3% this morning.
The 6M Euribor remained the same at 0.96%. The 10Y Swap increased 1 basis point to 3.24%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address)
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Economic view
Publications
New terms for a marriage of convenience
Impact of Basel III on corporate banking relationship
risk management, financing, treasury, cash management, working capital, investments, Basel III
Shift towards an American funding model
corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
Going the extra mile for the national treasurer
public sector, treasury management, financing, treasury, publieke sector



