Interesting about this one; GS has held up better than Morgan Stanley and BofA. So this isn’t about revenue from europe for US Banks. For the stock market it would be more pertinent to show leverage ratios or CET capital ratios of the banks versus the drop. I know I would be looking at the capital cushion when deciding whether to take aim at a bank.
CDS on June 27th (according to my source)
Credit Suisse Group
1Y = 111
5Y = 170
10Y = 202
1Y = 43
5Y = 82
10 Y = 121
Shows you that Credit suisse is double as dangerous as UBS. Or UBS is seen as really safe.
This one was aired later:
Makes me think we’re at or near the bottom!!!