If J.P. Morgan is best, banks are in trouble

By MarketWatch

NEW YORK  — If this is the best, it may be best to forget the rest.

J.P. Morgan Chase & Co. JPM -3.88%  mildly disappointed Wall Street Friday by announcing a fourth quarter in which profit dropped 23% from the same period a year ago to $3.73 billion. The earnings matched expectations that analysts had already steered lower, but revenue fell short. Read full [...]

FT: Europe’s Banks Face Test on Whether They Can Borrow

From FT:

Europe’s banks are bracing for a fresh test this month: whether they can successfully sell unsecured bonds.

The region’s banks have sold less debt in total so far this quarter than in any comparable period going back to 1996 – when their financing needs were a fraction of their current levels.

Although US companies and banks have continued to tap the market through the summer, Europe’s [...]