Still effect loans on the property market
The giant of Italian residential real estate, Gabetti, is forced to revise its strategies for developing and consolidating the territory as a direct consequence of the so-called impact loans.
A cut of more than 300 total employees of 670 (-45%) and the market immediately reacts with a discount of 2.41%.
The Ceo of Gabetti Ugo Giordano aims to franchise the whole network of agencies regarding the franchise system more at the expense of 102 heads of agencies that property within 18 months will give space to the new course.
Obviously such a significant turn can only be a direct consequence of the financial crisis and real estate.
According to the Gabetti Property Solutions "the franchise model has a structure of costs and revenues more stable and is less exposed to cyclical developments in economic and market reference.
This figure cannot be seen simply as a strategic review of business plan but appears to be yet another wake-up call sounded by the market.
The aftermath of the "Collapse loans" will hear the train again for their time.
Gabetti know, the reorganization is done.
The solid Italian banks
In these days the stock market is falling and negative marking records, never seen before.
The crisis has arrived from the United States and has unfortunately begun to affect European banks.
And now the city is a legitimate question: "Can I trust my bank?", "We are sure that not fail?".
Both are fine questions.
To hear the politicians of our banks have their backs covered, but if you knew that the system is that you say collapse? Creereste total panic?
Surely we all know how the banks are scrupulous in investing that money and rarely lose money.
Who would have thought that perhaps we should thank the Italian banking system for bank safety?
And it is true!
If the events will take place in the most simple and without problems, we have to thank that very system that so much hate, that allows banks to self sometimes even by violating the rules and tightening strong in his hands the debtor.
Faissola bank confirms the stability of internationalization to the forum
At the forum the President of internationalization Abi Faissola said as announced in spite of the crisis, banks have not had the slightest sign of failure:
At a time of tension and difficulty of the market as the present one, the Italian banking sector has shown strong and stable and is continuing to support the internationalization strategies of firms, looking with particular interest to Gulf countries.
In Italy there has been no default bank and no bank has used capital injections from the state, why did not need it
As mentioned a few weeks earlier with a press release, the President of Abi wanted to emphasize the concept expressed, before the financial crisis hit the country.
His assertions are correct, but the economic situation remains critical.
The statements reflect its position as guarantor of the economic system: it could mean the opposite?
Faissola is aware that the real "sword of Damocles" is the loss of investor confidence in the banking and financial system.
As long as the weather will be stormy, no investor will be encouraged to take the risk just by listening to mere assurances.
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