Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

April 2004

Full Results

by Kathryn Tully

Liquidity poll April 2004


High-yield credit
Bank Total
1 JPMorgan 106
2 Deutsche Bank 69
3 Morgan Stanley 55
4 CSFB 48
5 Barclays Capital 37
6 UBS 32
7 Lehman Bros 27
8 Citigroup 24
9 Goldman Sachs 23
10 RBS 18
11 Bank Of America 14
12 BNPP 13
13 Merrill Lynch 9
14 Dresdner Kleinwort Wasserstein 6
15 Bear Stearns 5
15 Danske 5
17 Norske 4
18 ABN Amro 3
18 Nomura 3
20 Société Générale 2


Investment -grade credit
Company Total
>1 JPMorgan 192
2 UBS 132.5
3 Deutsche Bank 118
4 Morgan Stanley 96
5 Barclays Capital 93
6 Citigroup 75
7 BNPP 67
8 Dresdner Kleinwort Wasserstein 50
9 Lehman Bros 47
10= RBS 38
10= CSFB 38
12 HSBC 35
13 Merrill Lynch 30
14 ABN Amro 25
15 Société Générale 20
16 Goldman Sachs 17
17 RBC 11
18 UBM 7
19= BBVA 6
19= Danske 6


Credit default swaps
Company Total
1 JPMorgan 111
2 Morgan Stanley 59
3 Deutsche Bank 44
4 UBS 43
5 Citigroup 30
6 Goldman Sachs 28
7= Merrill Lynch 22
7= CSFB 22
9 BNPP 15
10 Barclays Capital 14
11 ABN Amro 12
12 HSBC 11
13= Dresdner Kleinwort Wasserstein 10
13= Société Générale 10
15 Bear Stearns 6
16= BBVA 5
16= Lehman Bros 5
18= Bank of Montreal 3
18= RBS 3
20 Wachovia 2


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