Also in this playlist...
This transcript is automatically generated
It's -- in DC data.
Let's take a look at your European markets again the losses there could be much much Juarez on that this would really emergency disclosure.
The two billion dollar loss at JPMorgan on bad credit -- You say the losses there at the hardest hit -- the three major markets in Europe is the -- Iran France down three quarters of 1%.
But for more let's go to London live -- we're joined by -- lamb -- had a financial markets research and rob a bank international.
Not just your reaction to this disclose our disclosure.
And the reaction that you're seeing in the European markets today.
In a way of good news already broke there's several weeks ago -- -- will be a problem it's a synthetic products for a for JP.
So from -- -- no particular surprises -- full disclosure of course nobody really -- -- impact the markets.
It doesn't help fragile markets in Europe in Europe of course also today allies were well recapitalization of Spanish banks while we estimate -- Spanish banks will needs.
In our base case around about a hundred billion in new capital.
And Spanish government is certainly not offering got up so ordinarily addressing realistic concerns and the concerns and being that the still -- left -- supposed to teaming up.
To make this really fragile markets when breathe more.
I was talking to someone last night and my first reaction to this not to smile about at this JPMorgan trading loss.
What's thank god it was it on European debt.
Because again that what kind of throw gasoline on a fire that was already what it -- -- well under way if you will.
It does it make any difference.
What these losses were related to admitted -- might seem to be at least contained at this one bank.
Of course -- awful combing and we need to attract those closely.
But in the end it is a loss and if you listen to -- -- -- -- -- words it doesn't inspire a whole lot of confidence that.
That doesn't help market confidence in banks it doesn't help help policy makers are making of the regulations to regulate these banks -- that.
So it is really not helping the whole discussion out debt.
And in many ways could be seen from 2007.
The sought to credit crisis the admissions to synthetic products -- -- for etc.
-- Don thank you so much in the words of Scooby -- -- -- -- well liked Don Lam -- thanks so much a bank.
Filter by section