banking

From WealthBriefing.com:

From WealthbriefingAsia:

The total amount of credit derivatives outstanding held by US banks (this ignores European time-bombs and global banks) was $15.659 trillion.

In US dollar amounts in millions ($):

US banks shares drop in 2011

 From Propublica

Notice red flags:

• "$755 billion in unreserved contingent liabilities"
• "Estimated range of possible loss related to non-GSE representations and warranties exposure could be up to $5B over existing accruals at December 31, 2011." 

State Street shares  (NYSE: STT) dropped $3.44 or over 8% today to $39.31 in early trading on the New York Stock Exchange (NYSE)  after State Street announced they accelerated its expense control and exited a fixed-income trading sector, adding that "weakness will continue in 2012"- meaning the poor markets and European crisis force the bank to tighten the belt. 

The State Street CEO Mr Hooley told Reuters:

Citi Q4 Supplement