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November 14, 2011
Sony & Samsung CDS
Sony CDS 121 bps
Samsung CDS 99 bps
Posted by news on
November 10, 2011
American banks reacting to Italy
Bank of America – 377.4 bps
Citigroup – 257.9 bps
Goldman Sachs – 339 bps
JP Morgan Chase – 153.1 bps
Morgan Stanley – 426.8 bps
Wells Fargo – 153 bps
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November 9, 2011
Italy bond yields rise past 7%
Italian CDS also rose to close to 600 bps.
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November 8, 2011
Manulife seeing profit potential in CDS
Canada’s largest insurance company, Manulife Financial, has decided to get into the credit default swap business as a way of enhancing returns on its $20 billion US Treasury stockpile
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November 7, 2011
All voting DC members are considered too-big-to-fail
The Financial Stability Board (FSB) recently released a list of what it calls the most systemically important banks as well as their proposed policy measures to address them (deal with the “too-big-to-fail” problem).
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November 3, 2011
An Analysis of CDS Transactions
The Federal Reserve Bank of New York released a report entitled, An Analysis of CDS Transactions: Implications for Public Reporting, last month which covered the bank’s study on CDS trading.
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November 2, 2011
Erste Bank cuts CDS exposure
Austrian bank, Erste Bank, has changed the way it classified a credit default swap portfolio moving it back an on-balance sheet and causing mark-to-market losses. As a result, Erste Bank eventually wants to wind down its whole CDS portfolio by the end of 2011.
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November 1, 2011
MF Global: Trick or die
MF Global CDS were trading about 50 points upfront last week despite still being considered investment grade by the ratings agencies. Clearly this was one halloween costume that credit investors were not impressed with and that is why the company likely got none of the good stuff (chocolate or cash) when it went trick-or-treating to potential buyer’s doors early on Monday.
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