The immediate liquidity crisis at Bear Stearns has been closely entwined with the near collapse of Carlyle Capital Corporation.
Here, then, is a raw list of potential exposures to CCC. The author (and accuracy) is unclear, but it has been circulating trading desks in the City and on Wall St over the past 24 hours.
UPDATE - Turns out this list is culled from CCC’s annual report and is therefore out of date. Apologies - although we can now add one bank to this end-2007 list: Deutsche at $1.74bn.
-Citibank (C) $4.7B
-Lehman (LEH) $3B
-BoA (BAC) $2B
-UBS $1.8B
-Bear Stearns (BSC) $1.7B
-ING $1.5B
-JPMorgan (JPM) $1.4B
-Calyon $1.3B
-Merrill Lynch (MER) $760m
-BN Paribas $600m
-Credit Suisse $500m
maybe gs was one of the first banks to grab the assets a week ago.. hense no more exposure
Good question. Maybe GS the author
Seems curious, given their presence in the prime brokerage space…