Tuesday, Nov 24, 2009

Despite trillions in bailouts...

Telegraph: Most global banks are still unsafe, warns S&P

Standard & Poor's has given warning that nearly all of the world's big banks lack sufficient capital to cover trading and investment exposure, risking further downgrades over the next 18 months unless they move swiftly to beef up their defences. Every single bank in Japan, the US, Germany, Spain, and Italy included in S&P's list of 45 global lenders fails the 8pc safety level under the agency's risk-adjusted capital ratio. Most fall woefully short. The "safest" global bank is HSBC (9.2), followed by Dexia (9.0), ING (8.9) and Nordea (8.8). UK banks fare relatively well: Standard Chartered (8.1) is in the top quintile; Barclays (6.9) is in the middle. The study left out RBS and Lloyds because their status is unclear. Chinese banks – the world's largest – were excluded.

Posted by drewster @ 01:28 PM (594 views)
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1. icarus said...

I thought Santander would be on the "safe" list. ING and Dexia have received v large bailouts and Nordia still has a lot of exposure in the Baltics. So if this lot is on the "safe" list.............

Tuesday, November 24, 2009 05:25PM Report Comment
 

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