Here’s a chart of the banks Moody’s downgraded:
It’s from this document.
Very interesting. Bubble size is capital mkt revenues, x-axis is pct revenues from capital markets, y axis is total revenues.
Assuming cap mkt revenues are more volatile, right is bad, up and big are good. GCA (Credit Agricole) looks okay here, but they’re exposed
to Greece. BCS (Barclay’s), DB (Deutsche), MS, and Credit Suisse look pretty similar. And then there’s Goldman…