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Bank and Broker Default Risk 3 comments

by: Bespoke Investment Group December 10, 2008 | about: BAC / BCS / C / CS / DB / GS / HBC / JPM / MER / MS / UBS / WB / WFC    
About the author: From Bespoke:

Below we highlight the current CDS prices of 13 global banks and brokers. These prices represent the cost per year to insure $10,000 worth of debt for 5 years.

As shown, Morgan Stanley (MS) still has the highest default risk, followed by Goldman (GS), Citigroup (C), Merrill Lynch (MER), UBS (UBS), and Bank of America (BAC). While none of the firms below have CDS less than 100 basis points, HSBC (HBC), Deutsche Bank (DB), Wells Fargo (WFC), and JP Morgan (JPM) have the lowest default risk at the moment.

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This article has 3 comments:

  •  
    Thank you for posting the chart
    2008 Dec 10 03:02 PM | Link | Reply
  •  
    May they all go out of business. And when they're out of business, I'll insure all new bank debt for only 2 cents for every $10, 000 for five years or 3 cents for ten years.
    2008 Dec 11 12:04 AM | Link | Reply
  •  
    where are you getting your pricing data?
    2008 Dec 12 11:07 AM | Link | Reply
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