Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) Message Board

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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)

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To: BDR who wrote (129)	9/25/1998 10:13:00 AM
From: C.K. Houston	Read Replies (2) of 268

Firms with some of the largest exposures to Long-Term Capital's troubles. - Goldman Sachs & Co. - Merrill Lynch & Co. (MER) - Morgan Stanley Dean Witter (MWD) - Travelers Group Inc. (TRV) - Lehman Bros (LEH) - UBS Securities Inc. - * J.P. Morgan (JPM) - * Bankers Trust (BT) - * Chase Manhattan (CMB) * Controls 90% of derivative market _________________________________________________ U.S. banks and brokers that lined up to provide equity to Long-Term Capital included Merrill Lynch and Co. (NYSE:MER - news), Morgan Stanley Dean Witter & Co.(NYSE:MWD - news), Travelers Group Inc. (NYSE:TRV - news), Goldman Sachs,J.P. Morgan & Co. Inc. (NYSE:JPM - news), Bankers Trust Corp. (NYSE:BT - news) and Chase Manhattan Corp., (NYSE:CMB - news) each of which provided $300 million in capital. Foreign banks included Deutsche Bank AG(quote from Yahoo! UK & Ireland: DBKG.F), CS Group , Union Bank of Switzerland and Barclays Plc (quote from Yahoo! UK & Ireland: BARC.L). Among banks that provided $100 million each were Lehman Bros. Holdings Inc.(NYSE:LEH - news), Paribas and Societe Generale , according to sources. INTERESTING ARTICLE: Message 5838146 Cheryl

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