SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 31, 2011 08:16 ET

UBS and Royal Bank of Scotland -- Poised for Recovery

The Paragon Report Provides Equity Research on UBS AG & Royal Bank of Scotland

NEW YORK, NY--(Marketwire - Oct 31, 2011) - European Banks are finally turning their fortunes around as a Eurozone debt deal has been reached. Under the deal, banks must raise around 106bn euros in new capital by June 2012 to protect them against losses resulting from any future government defaults. Analysts say that it is the certainty around the level of capitalization that has boosted bank shares. The Paragon Report examines investing opportunities in the Foreign Banking Industry and provides equity research on UBS AG (NYSE: UBS) (SIX: UBSN) and The Royal Bank of Scotland Group PLC (NYSE: RBS) (LSE: RBS). Access to the full company reports can be found at:

Last week Fitch Ratings said that Europe's plan to halt the spread of a debt crisis will help restore confidence in banks and should leave the senior debt ratings of even most of the weakest institutions unaffected. Fitch said it expects most major European banks that need to meet new capital requirements will do so without resorting to government capital injections or capital fund-raising.

Fitch ratings says that conversion of existing debt instruments and sales of nonstrategic assets were among the methods banks have said they would use.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Foreign Banking industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Stefan Ingves, chairman of the Basel Committee on Banking Supervision says that regulators' plan to require some banks to hold 9 percent in core reserves after sovereign debt writedowns will probably be enough to protect lenders from insolvency.

If banks have "valued their assets correctly, and in this case it's about valuing government bonds at market value, then something very different and extraordinary that we don't know about today, must happen for 9 percent not to be enough," Ingves said in an interview late yesterday. EU leaders "will work through" the debt crisis "step by step," said Ingves. The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at