Thursday, March 7, 2013

2B2F : Too big to fail : BKIA & BMPS : Spain & Italy banks

Both banks are too big to fail, both had their government helping them (18B€ for Bankia, 4B€ for Banca Monte Paschi) and both are penny stocks today (max volatility!).

Both will recover in the long run, Banca Monte Paschi (BMPS) will still the oldest bank in the world :-) and the 3rd Italian bank. Bankia is the 4th biggest bank in Spain.

Great investment opportunity (remember Citigroup few years ago and in the 90's, or french Natixis bank in 2007 ? => penny stocks, gov. and big investors helped them to survive and recover from the financial crisis !).