Thursday, December 02, 2010

Timing is Everything

Pure coincidence, but yesterday Bloomberg published a fairly long - and positive - background article on Rodrigo Rato, the ex-Spanish finance minister and managing director of the IMF, and the challenges facing him as he presides over Banco Júpiter.

With some degree of certainty we might say that this is the beginning of the marketing ramp leading to a share issue mooted in Wednesday's post.

Readers should note that we incorrectly reported asset figures for Banco Júpiter in yesterday's piece. They've been corrected to read 339 billion. The derived calculations have also been adjusted.

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2 Comments:

Ole Miss said...

Have you seen the composition of BoD of Banco Jupiter. Same shit, different smell. All politicians. Is it impossible to dream of a Board with experienced bankers, financiers, investment experts, industry leaders? This seems to me like the root cause of Spains problems -- incompetence.

Charles Butler said...

Only one guy giving orders there.