Underperformers in recent days include USA: BAC MS C UK: RBS LLOY BARC Europe ex UK: Intesa, Commerzbank, SocGen, Credit Agricole Here is a useful table from ZeroHedge that could provide some ideas as to which banks are in bad need of capital: http://www.zerohedge.com/news/next-domino-fall-canada table: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/08/Canada Risk.jpg top ideas from table: Credit Agricole Deutsche Bank Credit Suisse Canadian Imperial Bank of Commerce BNP Paribas Barclays Commerzbank SocGen UBS National Bank of Canada
vulnerable ? Italian bank Banca Intesa has: 64 bln italian bonds and 80 bln liquidity it's already so well long term funded that can go on for 2 (two) years without asking for money, in the past 6 month its credit activity has grown but I see that your "info" comes from a UK bank, RBS, so... well, enough said
OK we have a new candidate: Dexia. CEO Decraene has resigned. http://www.zerohedge.com/news/big-p...a-quits-contagion-tsunami-sweeps-over-belgium http://online.wsj.com/article/BT-CO-20110905-705765.html Dexia Names Clijsters Chairman Of Belgium Unit
Or while everyone is watching SocGen, a different French bank could be a good candidate - Credit Agricole down over 4% today to a new 52-week low. http://finance.yahoo.com/q?s=ACA.PA http://finance.yahoo.com/q?s=CRARY.PK
My nomination for the next bankrupt company (apart from Eastman Kodak) is Commerzbank. Technically: Most financials, especially European financials had a massive rally since last Tuesday. Commerzbank reached 1.883 on 7 October and has not exceeded that level since. Fundamentally: This page graphics.thomsonreuters.com/11/07/BV_STRSTST0711_VF.html suggests that it may need more capital once its holdings of Greek debt are written down.