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Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

May 2008

FX poll: Best for currencies





FX moves to centre stage
Deutsche dominates, Barclays boosted, BoA bashed
FX Poll results
Overall Market Share Market Share by Institutional Type
Market share by size Market share by region
E-trading market share Who’s best where?
Most impressive approach FX services
Research and strategy Forwards
Options Structured FX option solutions
Best for currencies Single-bank online platforms As rated ‘very good’ or ‘excellent’ by customers
Multi-bank and independent online platforms As rated ‘very good’ or ‘excellent’ by customers Methodology

€/$
2008 2007 Bank Score
1 1 Deutsche Bank 8084
2 2 Citi 3943
3 4 UBS 3749
4 3 HSBC 3654
5 5 Barclays Capital 3254
€/¥
2008 2007 Bank Score
1 1 Deutsche Bank 3591
2 2 UBS 2344
3 3 Citi 1734
4 5 Barclays Capital 1535
5 4 HSBC 1165
€/£
2008 2007 Bank Score
1 1 Deutsche Bank 3619
2 2 Barclays Capital 2870
3 3 UBS 2171
4 4 HSBC 1724
5 5 Citi 1633
$/¥
2008 2007 Bank Score
1 2 Deutsche Bank 4711
2 1 Citi 3045
3 3 UBS 2713
4 4 HSBC 2297
5 5 Barclays Capital 2029
$/£
2008 2007 Bank Score
1 5 Deutsche Bank 4052
2 2 Barclays Capital 3440
3 1 HSBC 2791
4 4 UBS 2563
5 3 Citi 2496
Asian currencies
2008 2007 Bank Score
1 2 Deutsche Bank 3033
2 1 HSBC 2639
3 3 Citi 2304
East European currencies
2008 2007 Bank Score
1 1 Deutsche Bank 2163
2 2 Citi 1231
3 3 UBS 1008
Latin American currencies
2008 2007 Bank Score
1 1 Citi 1309
2 2 Deutsche Bank 1195
3 4 UBS 672
Middle-Eastern currencies
2008 2007 Bank Score
1 3 Deutsche Bank 1011
2 1 HSBC 797
3 2 Citi 748
Nordic and Baltic currencies
2008 2007 Bank Score
1 1 Deutsche Bank 1343
2 2 UBS 914
3 3 Citi 824
Australian dollar
2008 2007 Bank Score
1 2 Deutsche Bank 2321
2 1 Citi 1758
3 3 UBS 1721
Canadian dollar
2008 2007 Bank Score
1 1 Royal Bank of Canada 3533
2 4 Deutsche Bank 1889
3 3 UBS 1493
Chinese yuan
2008 2007 Bank Score
1 2 Deutsche Bank 909
2 1 HSBC 840
3 3 Citi 715
Hong Kong dollar
2008 2007 Bank Score
1 1 HSBC 1619
2 4 Deutsche Bank 1062
3 2 Citi 932
Mexican peso
2008 2007 Bank Score
1 1 Citi 886
2 2 Deutsche Bank 591
3 3 UBS 547
Russian rouble
2008 2007 Bank Score
1 1 Deutsche Bank 631
2 2 Citi 531
3 4 UBS 307
South African rand
2008 2007 Bank Score
1 1 UBS 900
2 4 Deutsche Bank 794
3 2 Citi 712


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