from
S&P Credit Research2539 word report
published Jun 24, 2009
Price
$500.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | While U.S. banks in virtually every major market are feeling the severe effects of both the weak economy and their own mounting credit losses, we believe global banks' securities-related businesses have already seen the worst. The current downturn hit these businesses first on several fronts. Among the problem areas were asset-backed securities (ABS), collateralized debt obligations (CDOs), residential mortgage-backed securities (RMBS), and monoline-related and leveraged finance positions. Also crimping the global banks' results were a drastic slowdown in business activity, which began playing out in mid-2007 and accelerated through late 2008. However, we now think that fourth-quarter 2008 likely marked the trough for these banks' trading operations and that first–quarter 2009 has seen the bottom for their investment banking, asset
|
| Brief Excerpt: | RESEARCH Ratings Definitions Global Banks' And Brokers' Securities-Related Businesses Appear To Be Past The Trough, But Improvement Will Be Gradual Publication date: 24-Jun-2009 Primary Credit Analysts: Scott Sprinzen, New York (1)...
|
| Report Type: | Commentary
|
| Sector: | Global Issuers, Public Finance, Structured Finance
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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.
