Posted on: 5th October 2011 in Finance
Here are a couple of interesting charts taken from Bespoke: Trouble in Financial Land. The first shows the percentage change in credit default swap (CDS) prices for major banks. A CDS is like an insurance policy. It obliges the seller of the CDS to compensate the buyer in the event of loan default. High CDS prices, therefore, represent a higher probability that the underlying company, banks, in this case, will default on their debt obligations. It’s interesting that so far this year the price of insuring against default has risen the most for two U.S. banks, Morgan Stanley and Goldman Sachs. With the trouble Europe’s banks are in you might have expected them to be top of the list. The second chart shows the percentage decline in banks stocks in 2011. Clearly, it’s the banks that have taken the brunt of the market falls so far in 2011.
We have 18 offices across the globe and we manage over $2billion for our 20,000+ clients
Get started
In today’s world, much of our lives are lived online. From email accounts and social media profiles to digital wallets and online businesses, we’re building a digital legacy—often without realising...
Read more
When it comes to growing your wealth, choosing the right investment path can make all the difference—especially if you’re an expat managing finances across borders. Two of the most talked-about...
Read more
Building wealth is one thing—but building a legacy that lasts for generations? That’s something else entirely. For families, especially those living and working abroad, creating multi-generational wealth means more than...
Read more
Living abroad as an expat can be one of life’s most rewarding adventures—but it also comes with its fair share of financial surprises. Whether you’ve relocated for work, lifestyle, or...
Read more
