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The Complete (And Very Disturbing) European Bank Loan-To-Deposit Ratios: A Redux

Tyler Durden's picture


Unfortunately, when we posted this chart showing European bank loan-to-deposit ratios we were about 10 months ahead of the "deposit impairment to grow into non-bad loan assets" curve. Now that Cyprus over the past week, and DieselBOOM in the past hour, has reminded everyone just how critical it is to not be a soon to be impaired uninsured depositor in any European bank encumbered with a massive loan burden, where one "resolution" may (and will) be depositor impairment, it is time to bring this back up front and quite personal. Because when the next insolvent European bank is revealed to be, gasp, insolvent, it just may have saved your money in retrospect.

Because remember what Dijsselbloem just said: "countries with large banking sectors must look to restructure, reduce overall size" in other words a forced, and definitely not beautiful deleveraging. And since he wasn't kidding, the full impact of "renormalization" would mean about the $5 trillion in additional deleveraging that was put on the backburner when Basel III ratios were made into a total mockery.

And this is what we said 10 months ago: it is as applicable now as it was then:

The chart [above] explains why not only is Europe's several asset constrained, it is also running out of funding, in the form of depositor cash: the most critical bank liability. Remember: without incremental deposits, banks can not invest in new assets, unless they generate cash from operations, and thus grow shareholder equity. There is a problem: as the final chart below shows, Europe, and especially Scandinavia which has consistently remained off the radar, is literally off the charts when it comes to LTD ratios.


With banks such as Danske, SHB, Swebank, DnB, and Nordea literally at 200% Loan-to-Deposits, but most other European banks too, even the tiniest outflow in deposit cash (ala what is happening in the PIIGS) will send the system into yet another liquidity spasm.


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Mon, 03/25/2013 - 13:02 | 3372892 jmcadg
jmcadg's picture

Still interested to see where Barclays fit in this chart.

Mon, 03/25/2013 - 13:04 | 3372902 Tyler Durden
Tyler Durden's picture

Left to quite left.

Mon, 03/25/2013 - 13:08 | 3372912 hedgeless_horseman
hedgeless_horseman's picture



Because when the next insolvent European bank is revealed to be, gasp, insolvent, it just may have saved your money in retrospect.

Respectfully, Mr. Durden, my money isn't in any of these banks.

Mon, 03/25/2013 - 13:08 | 3372924 LawsofPhysics
LawsofPhysics's picture

Notice how Bank of New York and JPM have "repositioned" themselves nicely.  I seem to remember them stacking up differently not so long ago.  The tylers can correct me if I am wrong.  Always nice to be close to the "free money" spicket I guess.

Mon, 03/25/2013 - 13:11 | 3372935 cifo
cifo's picture

I am tired of waiting for those fireworks.

Mon, 03/25/2013 - 13:26 | 3372989 redpill
redpill's picture

You think all those central/north Euro banks will have to "save themselves" like Dieselboom says?  Fuck no, they'd force the taxpayers to suck it up.

The BankersFirst policy. 


What would make this chart more interesting is if the bar width was proportional to the total capital size of the bank in question, that way it would call out the big boys and how they compare to each other.

Mon, 03/25/2013 - 13:30 | 3373048 BaBaBouy
BaBaBouy's picture

SHEEET ... How Many MORE Reasons Do I Need To Buy More GOLD ???


Stop Tyler, Stop I Say...

Mon, 03/25/2013 - 13:33 | 3373068 FL_Conservative
FL_Conservative's picture

This picture will look dramatically worse in the next 6 months after most Europeans find a way.....any move their "uninsured" money out of the system.  Like I said in an earlier post, "insurance" will become a fluid term that will be re-defined once there are not enough "uninsured" deposits to make ends meet. 

Mon, 03/25/2013 - 13:45 | 3373147 LawsofPhysics
LawsofPhysics's picture

The only way for anyone to do what you suggest, is to hold real assets and insure them yourself.  The only reason this continues is because no one has yet asked to really define/see/inspect/discuss the underlying collateral behind any of this bullshit.  It amazes me that the sheep still allow the banksters to print money out of thin air and give it to their buddies so that they can buy real assets.  Money is nothing but a means to power and control now, has little to do with medians of exchange.  Things will only get worse until the supply lines crack and all those EBT cards (in europe and the U.S.) stop working.  Then the worlds goes to war, same as it ever was.

Mon, 03/25/2013 - 14:01 | 3373252 FL_Conservative
FL_Conservative's picture

That's precisely what I'm referring to.   Maintain 1-3 small balance bank accounts in different regions to provide some liquidity (only an amount one is willing to risk) and the rest goes into REAL assets.  The wise will no longer believe that anything else is "safe". 

Mon, 03/25/2013 - 14:25 | 3373447 spentCartridge
spentCartridge's picture


But, what happens when the world goes all war like on your arse, wrecks and steals all REAL assets ...


Bullion stashes in a hole 'till the dust doth settle = win, no?


Mon, 03/25/2013 - 13:51 | 3373182 olto
olto's picture

Yeah, and where are the 'off-balance sheet' goodies and baddies?

I don't see them anywhere------------

Mon, 03/25/2013 - 14:21 | 3373410 kito
kito's picture

your computer screen doesnt have enough height to accurately demonstrate the Derivatives to Deposit ratios in chart form..................................................

Mon, 03/25/2013 - 13:37 | 3373098 Ropingdown
Ropingdown's picture

I think, hedgeless, that that is what he meant, but for those less foresightful than you.

Mon, 03/25/2013 - 13:16 | 3372966 jmcadg
jmcadg's picture


'I drew up the chart, so I don't have to show where I am'.

Mon, 03/25/2013 - 13:18 | 3372979 redpill
redpill's picture

I noticed that too, wtf?

Mon, 03/25/2013 - 15:49 | 3373857 e-recep
e-recep's picture

house of rothschild (owner of barclays) is a unique beast.

Mon, 03/25/2013 - 14:45 | 3373572 3x2
3x2's picture

ECB to quite FED.


Had to laugh way back when Barclays were claiming (In the UK) solvency and in reality they took 850 Billion in water wings from The FED.


Mon, 03/25/2013 - 19:04 | 3374583 LauraB
LauraB's picture

How does the $53 Trillion in derivatives that BofA put its depositors on the hook for a while back fit into this chart? Bank Of America Forces Depositors To Backstop It's $53 Trillion Derivative Book To Prevent A Few Clients From Departing The Bank:;

Mon, 03/25/2013 - 13:21 | 3372990 monkeyboy
monkeyboy's picture

Any idea where the big 4 Australian banks(Commwealth, Westpac, ANZ, NAB) sit on the chart?

Mon, 03/25/2013 - 14:47 | 3373590 3x2
3x2's picture

Right on top of massive Gold, Coal, Gas, Meat  .... reserves

Mon, 03/25/2013 - 13:04 | 3372897 ParkAveFlasher
ParkAveFlasher's picture

The Belgian Mafia will take back all its spare Euros like a wet vac applied to a soppy carpet.  All will "render unto Caesar" but they won't know it until they hit the ATM. 

Watch out, Euro bears!! 

Mon, 03/25/2013 - 13:04 | 3372903 SDRII
SDRII's picture

IF only they would print...


Europe’s policy makers “missed a big opportunity” to do a deal with the Federal Reserve that would have enabled them to stop the currency from strengthening as the U.S. central bank bought debt to boost the economy, Mundell said in a Bloomberg Television interview with Sara Eisen. The euro’s advance was a “devastating thing to happen” for the region’s weaker economies and Europe should consider its own form of asset purchases, which tend to weaken the exchange rate, he said.

March 25 (Bloomberg) -- Robert Mundell, a Nobel prize-winning economist and professor of economics at Columbia University, talks about the euro's appreciation and the European Central Bank's "missed" opportunity to help stem the debt crisis. He spoke yesterday in New York with Bloomberg Television's Sara Eisen. (Source: Bloomberg)

“When the dollar was already high and the euro was low, at $1.20, it was a good time to step in,” Mundell said. The “next time it happens, that the euro gets down low, they should keep it there and not let it get above that. That’ll do wonders to help revive the European economies.”

Mon, 03/25/2013 - 13:23 | 3373000 Schmuck Raker
Schmuck Raker's picture

I didn't get past "Nobel prize-winning economist".

Mon, 03/25/2013 - 13:40 | 3373121 machineh
machineh's picture

Kurgman = major Nobel devaluation

Mon, 03/25/2013 - 13:42 | 3373134 faboutlaws
faboutlaws's picture

Is that because he does economics like Obama does peace?

Mon, 03/25/2013 - 14:35 | 3373506 spentCartridge
spentCartridge's picture


It is because there is no Nobel peace prize for economics. It is a bogus accreditation, not a real Nobel.

Mon, 03/25/2013 - 13:34 | 3373083 Ropingdown
Ropingdown's picture

It isn't as if Mundell's view wasn't discussed at the time.  The 'help' to weak economies would have been a problem for Germany and Nederlands.  The problem isn't a failure to hold the Euro down. It is a failure to select a sensible group of nations to form a currency union.  The rest is BS.  The dream of bringing the peripherals up to north core standards was a fantasy based on the desire to see a pleasing image on future maps, Europe.  Politician fantasy.  Poor-country citizen fantasy.  Just fantasy.

Mon, 03/25/2013 - 13:06 | 3372910 Bastiat
Bastiat's picture

Mark up the value of assets on the balance sheet: problem solved!

Mon, 03/25/2013 - 13:18 | 3372973 Winston Churchill
Winston Churchill's picture

From fantasy to full retard fantasy ?

Mon, 03/25/2013 - 13:21 | 3372986 NotApplicable
NotApplicable's picture

More likely, they'll outlaw balance sheets, as those things always inhibit our god named Growth.

Unbalanced sheets, that's where the future lies.

Mon, 03/25/2013 - 13:06 | 3372913 SDRII
Mon, 03/25/2013 - 13:08 | 3372920 comrade rally monkey
comrade rally monkey's picture

Pillow top mattress flying off shiwroom floors

Mon, 03/25/2013 - 13:09 | 3372923 mayhem_korner
mayhem_korner's picture

even the tiniest outflow in deposit cash...will send the system into yet another liquidity spasm.


Gives new meaning to the word 'leverage'.

Mon, 03/25/2013 - 14:37 | 3373519 Creepy Lurker
Creepy Lurker's picture

Yep, and if anyone thinks that isn't the case in the US as well...

Mon, 03/25/2013 - 13:09 | 3372926 Iocosus
Iocosus's picture

The whole purpose of the EU was to destroy the sovereignty of the many diverse nations in Europe through monetary policy.

I say the plan is going well, while others surely will take the opposite stance. Keep in mind that destructive policies seem like lunacy to the outside observer, but to the engineers, their end is not the soundness of the financial markets, but one world governance.

Mon, 03/25/2013 - 13:20 | 3372985 Bastiat
Bastiat's picture

Yes the plan was rehearsed for years in the 3rd world; see Confessions of an Economic Hitman.  Incredible that the 1st world nations were dumb enough to fall into the same trap.  Literally incredible . . .

Mon, 03/25/2013 - 13:35 | 3373081 MachoMan
MachoMan's picture

Not really...  Our collective mind is fucking retarded...  always has been, always will be...  fancy folks in fancy clothes and new fangled electronic gadgets aren't immune.

Mon, 03/25/2013 - 14:02 | 3373266 Bastiat
Bastiat's picture

"literally incredible"  i.e.  not believable. In the 3rd world countries,  if making leaders rich while engineering debt enslavement for their countrymen didn't work, they sent in the jackals.  A deal they couldn't refuse.

Mon, 03/25/2013 - 13:10 | 3372929 toys for tits
toys for tits's picture

I would swear that the Troika is trying to destroy all the countries in the Eurozone through the monetary system.

Mon, 03/25/2013 - 13:13 | 3372955 mayhem_korner
mayhem_korner's picture



I think TPTB's first instinct is self-preservation.  That they destroy everything and everyone around them to try to maintain power is sort of a "side effect."

Mon, 03/25/2013 - 13:12 | 3372939 swanpoint
swanpoint's picture

ZH, how about by county? Luxembourg banks are 21x the size of its economy.

Mon, 03/25/2013 - 13:34 | 3373082 Urban Redneck
Urban Redneck's picture

by country of deposit origin might be more insightful 

Mon, 03/25/2013 - 15:06 | 3373664 swanpoint
swanpoint's picture

banks assest versus gdp w/ chart depicting country of origin.. starting with luxembourg and malta

Bank assets vs gdp:

Mon, 03/25/2013 - 17:06 | 3374128 Urban Redneck
Urban Redneck's picture

So Italy has more ounces of gold in its terroritorial possession and a lower relative size of its banking industry than Germany, and yet its the Italians who are a threat to zee German/EU stabiltyyyyyyyyyy??????????????

Mon, 03/25/2013 - 13:12 | 3372941 q99x2
q99x2's picture

Looks like Texas Capital is about to run out of capital.

Mon, 03/25/2013 - 13:18 | 3372974 NotApplicable
NotApplicable's picture

Wonders which "friend of George" got all of those loans?

Mon, 03/25/2013 - 13:12 | 3372943 cherry picker
cherry picker's picture

TBTF is now dead and the margin calls and bank failures which marked the deepest hour of the dirty thirties is upon everyone.

They made a mistake in the USA by trying to float a bad system a few years ago.  Too much government and controlling capitalism never works, there has to be a balance and Bernanke, Paulsen, George W as well as Obama will see what they unleashed.

This is the only way things can be fixed.  Trim government, let the insolvent banks and companies fail and rebuild anew.  Derivatives should be classified as gambling and banks not allowed to partake in it.


Mon, 03/25/2013 - 13:24 | 3373010 ATrillionSavedI...
ATrillionSavedIsATrillionEarned's picture

Is it too late to start MAAB?

Mothers Against Adolescent Bankers.

Lobby for immediate license suspensions, hefty fines, roadside checkstops, jail sentences.

It should be cinch to get charitable ststus from the IRS!

Mon, 03/25/2013 - 13:13 | 3372948 bnbdnb
bnbdnb's picture

Oil > Land > Gold > Fiat

Mon, 03/25/2013 - 13:32 | 3373064 bnbdnb
bnbdnb's picture

You mega-doomers are a hoot.

Mon, 03/25/2013 - 13:15 | 3372961 tickhound
tickhound's picture

endless implications aside... Seems this message to unsecured deposits (FDIC >250$) is consistent with the "discourage saving encourage borrowing/gambling" systemic hailmary self-preservation theme."

Forcing cash into the safety of equities and bonds.  Sacrifice a few cypriots and money moves.  The world's been milking savers for a while now... 

Control the out-flow... seems all on par to me.

Spend or else.  Good for big-banks, consolidation... free plastic pacifiers for the serfs... crush gold, oil... win-win.

EVERY crisis and the invisible fence gets BIGGER.



Mon, 03/25/2013 - 13:16 | 3372965 bonzo112358
bonzo112358's picture

That ratio is only going to grow as big depositors calmly walk into their bank and slowly pull their money out.  They want to do this as covertly as possible.  Even the small depositors will start to pull their money out as well.  That ratio will rocket higher.

Mon, 03/25/2013 - 14:02 | 3373265 Lewshine
Lewshine's picture

Its already happening Bonzo, but it doesn't matter. One lesson was learned 5 years ago, sorry you fail to embrace it or understand it. First principal of Wall St. "We win, no matter what". The markets can't fall for a number of reasons not the least of which is, NO SHORTS. No one covers - No put on a pullback. SOOOOOOOO, like today the bigger the issue (bank runs) the greater the pump. We close flat to green. WS always wins.

Mon, 03/25/2013 - 13:16 | 3372968 ziggy59
ziggy59's picture

So, even though the crooks fixed 'it' the sheeit is still broken..

Mon, 03/25/2013 - 13:19 | 3372976 Al Huxley
Al Huxley's picture

Maybe Dieselboom can provide some soothing words to those depositors as to why their best course of action, given the current events in Cyprus is to just close their eyes, bend over the table, flip up their skirts and prepare to get fucked, rather than taking all their money out ASAP.  That always seems to do the trick...

Mon, 03/25/2013 - 13:20 | 3372980 fonzannoon
fonzannoon's picture

LOL CNBC pitching floating rate debt right now and illustrating how investors can make out if rates rise...the benchmark it's tied to is if LIBOR rises....

we are doing this all over again. totally fucking amazing

Mon, 03/25/2013 - 13:34 | 3373080 medium giraffe
medium giraffe's picture

Use imaginary money to buy imaginary debt linked to an imaginary index? 

Seems reasonable. :)

Mon, 03/25/2013 - 17:36 | 3374134 Radical Marijuana
Radical Marijuana's picture

It is reasonable to wonder about the degree of reality of force backed frauds. Money made out of nothing, going around and around, must still have some basis in something. This entire financial system is fiat money frauds, BUT, backed up by the violence of governments, which legalized and enforced that fraud. Thus, this monetary system is the state religion, which is enforced by the state, in order to turn the fraud of allowing privatized fiat money to runaway with itself ...

Given that this state religion is the REALITY of legalized lies, backed by legalized violence, I will indulge in some abstract, and paradoxical to the point of appearing perhaps absurd, theology with respect to our monetary system. To do that I will push the first and second laws of thermodynamics and information theory, towards their idealized absolutes.

Money is measurement.

There are inherent limits to measurement.

Minus one is the only number which does not exist.

The subtraction process turns one into everything else, the infinite factions and multiplications of numbers. That "ONE" is the Energy that was never created, nor destroyed, but only endlessly transforms. That "ONE" is infinite white light and white noise, because it is every possible colour, and every possible sound, at once. That "ONE" is the Plenum Being. We approach understanding of that "ONE" through the concepts of the conservation of energy and momentum, and the preservation of information. Of course, we can never get there, because we are already there. Energy is Spirit. Attempts to think deeper and deeper about the concept of the conservation of energy results in that idea becoming the same as God.

Plenum Being plays through void nonbeing. The void nonbeing does not exist, but rather "is" time and space, and any other higher dimensions, which allow the subtraction of parts of the "One." Time and space are not independent absolutes which exist. Time and space are relative to the transformations of the energy which plays through its transformations. The concept of entropy is the way that energy is distributed in time and space, and other dimensions.

Subtraction is the process whereby the Plenum Being is distributed through the void nonbeing of time and space dimensions. Subtraction is the process whereby we define any entities as separate from their environment. Actually, all entities are toroidal vortices, made of various infinite loops of energy/matter from their environment, assuming their form. Our language refers to the IMAGINARY AXIS that goes through the center of those entities' toroidal vortices, as their definition as a thing which has been subtracted from their environment, the whole "ONE."

Everything that we name was subtracted from its Whole Environment, which we give names to, like God. All of the various infinite ideals, like truth and justice, are aspects or attributes of that "ONE." However, everything that we can talk about as a finite entity is relatively subtracted from that, and therefore, everything relatively finite that we can talk about is imaginary in that sense, since it was subtracted from the Whole that we can not know, other than perhaps approach. Therefore, everything finite is based on subtraction, and is necessarily a relative illusion, or a lie. Everything that human beings "know" are organized systems of lies. Every possible monetary system is some organized system of illusions and lies. Our current monetary system is our state religion, as the systematic delusions that some people force other people to accept.

After beginning with the process of subtraction, to define any things, in order to have any entities to name, and then assemble into systems of understanding, we also necessarily have the process of robbery. After we define a relatively finite entity, such as a living being, or a group of living beings, then across the boundaries of that thereby defined entity it must get energy/matter, in order to continue being. Living things are entropic pumps, living fires which need more fuel from their environment, as well their environment to put back their ash and smoke and steam into. Human civilizations are vast assemblies of entropic pumps, one huge living process, that needs to transform its environment. Our monetary system is the set of measurements which we more or less agree upon in order to organize our civilization.

Anyway, medium giraffe, your name reminds me of the dialectic between Lamarck and Darwin, as to how the giraffe got its neck, and the same kind of dialectic is playing through your comment about imaginary money used to buy imaginary debts. Indeed, the "ONE" is the realityless-Reality. Pure Energy is the ultimate reality, but that is not any kind of reality. What we can talk about as some "reality" is always some fragment of the Whole "ONE."  Precious metals, like gold or silver, are forms of matter, which are superconcentrated, and relatively stable, forms of energy. However, even the atoms of gold or silver are toroidal vortices of energy too.

Anything "real" is only a relative subtraction from the realityless-Reality of its whole environment. There are only shades of relatively different realities, which are perhaps colours, or sounds, taken from the infinity of all colours and all sounds. The grand paradox is that human realities are ALWAYS organized lies, operating organized robberies. We are always only dreaming, with more or less data in that dream. There are NO objective literal truths, only different degrees of metaphorical truths, because all measurements take place within the "ONE." Therefore, all possible measurements are within those limits to measurement, and that necessarily includes any monetary systems.

Our monetary system is our state religion, that is the form of those illusions that we have most agreed upon, and thereby forced ourselves to continue to agree upon. Understanding our monetary system more deeply is the same as understanding religion, which returns to its roots in ancient mysticism. Also, postmodernizing sciences also converge back to ancient mysticism. The discussion that you pointed out, medium giraffe, is basically a sublimely abstracted version of the theology of the process of subtraction, which is the basis of everything else. The importance of that minus sign, indicating the process of subtraction, (which is the fundamental process, from which all others are derived) is also found in the entropy equations of thermodynamics and information theory.

There, the mathematics actually produces values for power and information which are ALL NEGATIVE. The people who were understanding the first steam engines did not like their entropy equations giving them a negative value for power. Therefore, they inserted an ARBITRARY MINUS SIGN into their entropy equations, so that their measurements of power would have positive values. As that thermodynamics was developed to become information theory, governing electronic communications, the same MINUS SIGN was kept in the entropy equations regarding information.

The historical periods of the development of the physical steam engines matched the history of the development of the social debt engines. Power and information are on continua. Our understandings of money, both in our understanding of power and information, are deliberately backwards, because that manifests inside of our state religion, whereby we deliberately inverted the real and the imaginary. The ruling classes maintain a deliberate war against consciousness, in order to tangle up the real and the imaginary. The elites want to make sure that the vast majority of people continue to be ignorant and afraid, so that they can be controlled and exploited. Hence, we have the growing paradox of better and better science understanding matter and energy, along with a monetary system to dominate that which is based on deliberately ignoring the laws of nature inside the context of the most important social stories, like our state religion monetary system. Consider in that context this old quote from Seneca: “Religion is regarded by the common people as true, by the wise as false, and by the rulers as useful.”

The "ONE" or God, is the realityless-Reality, from which all partial realities are subtracted. The Plenum Being plays through the void nonbeing. Thus, all of the paradoxes manifested in the poetry of ancient mysticism, which are the roots of both religion and science, are found again and again throughout our monetary systems, as our state religions. Even more paradoxically, as our science and technologies advanced and advanced, through one paradigm breakthrough after another, we got stuck more and more deeply into the ruts of our perverse deliberate ignorance when it comes to our understanding of power and information with respect to money systems.

Therefore, medium giraffe, what you appeared to have ironically joked about, i.e., using imaginary money seems reasonable, IS "reasonable," in that we mostly understand the process of subtraction in ways which are almost totally and deliberately backwards. We use physical force, legalized violence, to back up our state religion, which is legalized lies. What is "reasonable" is that everything that human beings ever do, with respect to anything finite, is necessarily ALWAYS organized lies, operating organized robberies. What is not "reasonable" is the way that we deliberately deny that, and endeavour to talk about it all in ways which are as deliberately backwards as can possibly be maintained.

Mon, 03/25/2013 - 13:25 | 3373015 Investor Wizard
Investor Wizard's picture

Need more shiny trillion dollar coins

Mon, 03/25/2013 - 13:41 | 3373123 ThirdWorldDude
ThirdWorldDude's picture

Please send one to Sweden, we need to recapitalize Nordea.



Anders The Borg

Mon, 03/25/2013 - 13:31 | 3373052 Legolas
Legolas's picture

Euro-wide capital controls by Friday?  How long would the system last under such controls?

Surely Max Keiser's April 2013 won't be realized.

Mon, 03/25/2013 - 13:33 | 3373071 observer007
observer007's picture

Biggest banks in Cyprus will be closed until Thursday (at least) - maybe they will never open?

Mon, 03/25/2013 - 13:34 | 3373078 They Tried to S...
They Tried to Steal My Gold's picture

Whats so funny is that the ECB funding program is a PONZI in itself...There is no money as the basis for the money is from the members ...the same members that need the bailouts.....


Their only asset is FEAR...........


Wake up the SHEEP!

Mon, 03/25/2013 - 13:34 | 3373079 Kaiser Sousa
Kaiser Sousa's picture

that DieselDude spokesperson just said he didnt mean to say what he said...

and the dow of course bounces off its lows....

what a fucking joke all this shit is..............

Mon, 03/25/2013 - 13:38 | 3373109 NEOSERF
NEOSERF's picture

So if JPM is around 60% would we say anything over 100% is dangerous and 200% is just a matter of time...about 1/3rd of banks over 100% so would be interesting to know what kind of shortfalls minus reserves are exposed there...nice "domino" chart.

Mon, 03/25/2013 - 13:38 | 3373113 Ban KKiller
Ban KKiller's picture

What is the message? Oh yeah....Your money is safe, the banks are sound, the stock market is only going up and your country can still rule itself. 

Actually the message is fiat is fiat is fiat....and will collapse. Greed+Time = Collapse.

Who isn't warned?

Mon, 03/25/2013 - 13:38 | 3373114 Quinvarius
Quinvarius's picture

"Liquidity Spasm"

Not sure we had to go there.  It makes it sound fun.

Mon, 03/25/2013 - 13:43 | 3373136 ekm
Mon, 03/25/2013 - 13:44 | 3373140 walküre
walküre's picture

where was Laiki on that list?

Mon, 03/25/2013 - 13:50 | 3373176 Hobbleknee
Hobbleknee's picture

According to the Swedish propaganda today, Swedes are saving more than ever. LOL


Thank goodness I can get the truth from ZH.

Mon, 03/25/2013 - 13:53 | 3373196 Quinvarius
Quinvarius's picture

Someone is feeling it.

Mon, 03/25/2013 - 13:55 | 3373211 walküre
walküre's picture

avoid . panic . and . bank . run . at . all . cost

Mon, 03/25/2013 - 14:02 | 3373264 Quinvarius
Quinvarius's picture

I am starting to wonder if all this concentrated stupidity is actually them pullling the plug on purpose.  No one is this stupid.  Even Legarde, a third rate quota filling hack, has to understand they just torpedoed all of Europe's banks.

Mon, 03/25/2013 - 14:07 | 3373311 Hobbleknee
Hobbleknee's picture

Regardless, I'm converting my digits in the bank to paper tomorrow.  I would buy gold, but I keep losing it in boating accidents.

Mon, 03/25/2013 - 17:48 | 3374318 Radical Marijuana
Radical Marijuana's picture

Yes, Quinvarius, I too have come to the conclusion that this is the result of the deliberate destruction of those economies. As a group, the banksters are collectively trillionaire mass murderers, whose social habits are to run frauds and robberies as far as they can possibly go, including starting more genocidal wars, and also imposing martial law. They expect to prevail through those means. Given the vast majority of people are Zombie Sheeple, I would place my bets on the banksters' ... although, in the longer term, their continuing shorter to medium term "success" will finally become a total disaster for everyone, beyond our ability to imagine how bad that will probably get.

Mon, 03/25/2013 - 13:54 | 3373202 Herdee
Herdee's picture

I used to be amazed at the stupidity behind some of these banking/political statements but now I've become so used to them that I've gotten accustomed to buying physical gold and silver as insurance against literal morons.

Mon, 03/25/2013 - 14:14 | 3373360 morning
morning's picture

Tyler, any idea about portuguese banks?

Mon, 03/25/2013 - 14:15 | 3373369 skipjack
skipjack's picture

The first ones out the door leave with the best looking fiat...Those still drinking at the bar, well, good luck to you.  Only ugly is left.

Mon, 03/25/2013 - 14:16 | 3373372 Hulk
Hulk's picture

HELP!!! I have sat down reading ZH, AND I CAN'T GET UP !!!

Pass the catheter, please...

Mon, 03/25/2013 - 14:24 | 3373433 Sandmann
Sandmann's picture

The basic fact Tyler is that we are running out of road. This Bank Welfare Scheme propping up Bonuses and hiding Bad Debts has simply sucked the marrow out of the real economy which is being subjected to ruthless monetary base control and deflating. To run an economy to protect Bankers from the consequences of their folly by stealing assets from every prudent saver and cautious investor is Kleptocracy on the scale of the French burdening the Third Estate with all the taxes prior to 1789.

It is really cold in northern Europe and fuel is really expensive with new taxes coming into force on 1 April to save the planet from Global Warming....the sheer lunacy of being impoverished by Mumbo-Jumbo Taxes and a Bloated Bankrupt Banking System is reaching its limit. it simply cannot continue much longer. I suspect Europe will burn this summer, and that island off the French and Belgian coast should have its cities inflames if the bovines can get off their rumps and express their anger

Mon, 03/25/2013 - 15:40 | 3373813 FinalCollapse
FinalCollapse's picture

Isn't it a good time for Hitler to be informed that:

- His Cyprus money has been 'fixed'

- Nothing has been done to normalize the European banks

Tue, 03/26/2013 - 02:07 | 3375746 serema
serema's picture

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