The Whybanksfail blog primarily looks at the health of banks industry. Recently the Banking sector has experienced a revival or sorts, base on what we believe to be a bear market rally. The euphoria on Wall Street has caused to explore our parts of the economy to see what global recession of 2008/9 has in [...]

The recession has hit even the fable German car makers, as BMW, maker of sports and luxury cars saw a loss in the fourth quarter of 2008, and Volkswagen predicted a decline in profit this year.
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“BMW said in a preliminary statement that it had suffered from write-downs related to the reduced value of leased cars [...]

England seems to be the country which is getting the blunt side of the economic crisis knife is have a difficult time finding its footing. Forced to once again cut the interest rate, the british government is looking for other ways to jump start the lending and get small and medium size business working again. [...]

After the earlier efforts to stimulate leading have mostly failed in the United States and Europe, government across Europe are trying to “forcefully assure that bailed-out banks lend more money to offset the recession that has engulfed both continents”.
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Breakdown: England
·          New £100 billion, ($147.5 billion), limit banks’ losses in exchange for pledges to increase credit  [...]

It’s seems that Europe does not want to see American be the only country out there printing money, as it starts to leading more money to its banks, and lowers its interest rate once again.
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Seems that the gospel of Peter Schiff is lost of the leaders of the Global Banking community, now only if [...]

Japan used it for over a decade with little to no success. The United States embraced it this past December so the jury is still out, but now Europe to is expected to start offering 0% interest loans to its banks in a effort to try and fight sharp decrease in euro-zone inflation.
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Breakdown: Inflation
·          Inflation [...]

What can you do?  If your central government runs the nations politics and economics into the ground?�
No, not the US (yet), Iceland.  Icelanders protested and stormed the central bank over economic tensions. �
“Iceland has seen its banks and currency collapse in just a few weeks while prices and unemployment soar — leaving a country regarded [...]

In an effort to shore another large bank France, Belgium and Luxembourg are guaranteeing new loans and deposit at struggling firm Dexia SA for one year
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The drastic move was announced after an attempt to shore up the bank with $8.8 billion in direct cash did not save the stock for losing more then 15% on [...]

After a week long debate in the Senate/ House the United States answer to the the credit crises has been a $700 billion dollar bailout of the top investment institutions in the US. Many economist disagree with the bailout, as did most Americans.
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Now it is Europe’s turn to deal with there own banks. Most of which [...]

Although there is no official reason as to why the bank should fail, many investors have become scared of the possibility of UniCredit failing, and have caused the share price to fall more than 22% over the past two sessions.

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UniCredit SpA is Italy’s largest bank by assets.
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In an effort to shore up finances UniCredit is [...]

As posted earlier on WhyBanksFail.com (Will Fortis Fail? Fortis in trouble, European agencies plan over the weekend (September 28, 2008), Fortis — no buyers, why not 3 governments instead? (September 28, 2008) and Could Fortis Bank fail? European Banks might be next! (September 26, 2008)), according to CNN Money, Fortis has failed.
Who knows what this means for the other banks that [...]

Fortis, the Belgian-Dutch financial group, which only last year, was part of the consortium that took over Dutch bank ABN AMRO is looking like it might be in trouble.
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The Banking crisis is no longer only affecting the United States, now its impacting the global markets.
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Fortis, Belgium’s largest bank on Friday denied that it [...]