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Bank deleveraging has barely started

Bank deleveraging has barely started

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

Cash management poll 2008:

Cash management poll 2008:

Results now live

League Tables - 122



Asia Pacific (ex Japan) Convertibles - End of H1 2008


Bookrunner Value $m Deals % Share
1 Citi 1,989 8 17.1
2 JPMorgan 1,853 7 15.9
3 Goldman Sachs 1,253 5 10.8
4 UBS 1,146 8 9.8
5 Morgan Stanley 911 5 7.8
6 Merrill Lynch 629 2 5.4
7 Macquarie Group 555 4 4.8
8 Deutsche Bank 431 3 3.7
9 RBS 271 2 2.3
10 Standard Chartered Bank 268 1 2.3
Total 11,653 69 100
Source: Dealogic


If they didn’t let a bank fail, how were they going to prove there was a serious problem? You kill a chicken to scare the monkey

One banker gives the best reason we’ve heard yet about why Lehman was allowed to fail

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