Financial Credit Default Swap Prices

Below we highlight the current CDS prices (in dollars) for major banks and brokers around the world. The prices represent the cost per year to insure $10,000 worth of debt for 5 years. As shown, Citigroup (C) and American Express (AXP) currently have the highest default risk at more than $600. The next highest CDS price is Morgan Stanley (MS) at $364, followed by Bank of America (BAC), UBS, and Wells Fargo (WFC). Citi and Bank of America (BAC) have seen default risk rise the most this year, while Deutsche Bank (DB), Morgan Stanley, Credit Suisse (CS), and Goldman Sachs (GS) are the only firms that have seen default risk decline in 2009.

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Comments

[dcb:]

That only means we aren't giving them enough tax payer money. do that and they can't default. :-) . Oh, wait aren't we doing that already.

Apr 06 05:21 PM

[Deehena:]

CDS prices have risen significantly above 12/31/08 levels for banks but CDS prices for insurance companies may have risen even more dramatically since 2008 year-end, due to the large fall in equity prices through early March that impacted their cushion for variable annuity guarantees. I hope that Bespoke may also kindly consider providing CDS prices for large life and annuity insurance companies.

Apr 07 03:09 PM