Which shitty financial company will go bankrupt next? Part X

[m22au]

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

Quote from m22au:

http://twitter.com/FGoria/status/101601553965785089

[According to] RBS:

Credit Agricole,
Bankia,
Unicredit,
Societe Generale,
Commerzbank and
Intesa

are the most vulnerable due to their funding profiles

*****

6 banks

2 French, 2 Italian, 1 German, 1 Spanish

 

[Lights]

The Fed

 

[C6H12O6]

Quote from m22au:

http://twitter.com/FGoria/status/101601553965785089

[According to] RBS:

Credit Agricole,
Bankia,
Unicredit,
Societe Generale,
Commerzbank and
Intesa

are the most vulnerable due to their funding profiles

*****

6 banks

2 French, 2 Italian, 1 German, 1 Spanish

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

 

[AK100]

Quote from NJDfan1711:

BAC won't go down. They took on a lot with the acquisition of Countrywide, but they have a strong foundation.

If you believe their balance sheet then yes, real strong

 

[m22au]

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

 

[m22au]

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

 

[rickf]

I don't know the COMPANY name, but I think the symbol is XLF.

 

[m22au]

Quote from m22au:

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

Looks like Dexia is the winner, after its recent bailout.

 

[antelope]

Quote from m22au:

Looks like Dexia is the winner, after its recent bailout.

Agreed, well done!

Now I suggest a new candidate: Goldman Sachs (GS).:eek:

 

[m22au]

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.