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S&P Credit Research573 word report
published May 07, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) May 7, 2009--The first quarter provided a respite from relentless bad news for large U.S. commercial and investment banks, but Standard&Poor's Ratings Services believes it will not last, according to a report it published today on RatingsDirect, "Major Banks' First-Quarter Improvements May Prove Temporary As Loan Quality Continues To Slide." "One theme that we discern is that stronger banks are distinguishing themselves from the weaker ones as market shares shift," said Standard&Poor's credit analyst Tanya Azarchs. "The trend is especially visible in fixed-income trading." The firms' investment-banking arms handled a huge increase in fixed-income trading, and mortgage-banking production revenues surged. But the drumbeat of mounting problems in loan quality was clearly
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| Brief Excerpt: | RESEARCH Ratings Definitions Big U.S. Banks' Continuing Loan Losses Will Probably Spoil The Party Over Encouraging First-Quarter Results Publication date: 07-May-2009 Primary Credit Analyst: Tanya Azarchs, New York (1) 212-438-7365;...
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| Report Type: | News
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| Sector: | Global Issuers
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
