List of Banks with the Highest 5-Year Credit Default Swaps

I am maintaining the list, currently scrapping 3 different sources and also adding data manually.

Thanks for putting this together! Could you add or link to some definitions for the columns?

I will ;)

OK, I asked ChatGPT to explain this, and here's my current understanding. A Credit Default Swap is essentially a type of insurance issued by the banks to outside parties who have loaned money to other outside party. If the borrower defaults then the bank would pay out money to the lender.

So a high number of credit default swaps would indicate that the bank could potentially have to pay out a lot of money in these "insurance payments" if other parties go bankrupt which could deplete their funds.

Is this about right?

janmo 3y ago ↗

Yes, it is basically how much it costs you to insure the money you have deposited at that bank

laweijfmvo 3y ago ↗

so what are these swaps insuring? in 2008 it was mortgages (MBS) and those collapsed.

List of Banks with the Highest 5-Year Credit Default Swaps (banksonthebrink.com)

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