![\"Nikolaus](\"http:\/\/static.businessinsider.com\/image\/4bf304cf7f8b9ad24dba0400-302-226\/nikolaus-von-bomhard.jpg\")
<\/p>\n<\/p>\n
Germany announced a ban on naked short selling<\/a> today, that takes effect at 12 AM Berlin time. Chancellor Angela Merkel has come under criticism<\/a> for the decision, which is now set to hamper those who seek to speculate on German and European markets.<\/p>\n There are 10 German financial firms named in the ban, and we have them right here, along with data from CMA Datavision<\/a><\/em> on their current likelihood of default, when available. Also included is CDS data, showing the pressure these firms are already under from markets, and soon to be free from.<\/p>\n CEO<\/strong>: Wolf Schumacher<\/p>\n What Do They Do<\/strong>: Primarily a real estate bank<\/a>, Aareal works in structuring real estate deals internationally, with a specific focus on the German market.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: NA<\/p>\n 5-year Mid CDS<\/strong>: NA<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Michael Diekmann<\/p>\n What Do They Do<\/strong>: Primarily an insurance firm, Allianz<\/a> is also one of the largest asset managers in the world.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: 7.0%<\/p>\n 5-year Mid CDS<\/strong>: 82.6 bps<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Martin Blessing<\/p>\n What Do They Do<\/strong>: As the second biggest bank in Germany<\/a>, Commerzbank works across a range of commerical and retail banking.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: 10.7%<\/p>\n 5-year Mid CDS<\/strong>: 128.7 bps<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Josef Ackermann<\/p>\n What Do They Do<\/strong>: Deutsche Bank<\/a> is an international full service investment bank which acts across of range on industries including retail banking and trading.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: 12.2%<\/p>\n 5-year Mid CDS<\/strong>: 148.4 bps<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Reto Francioni<\/p>\n What Do They Do<\/strong>: The company that runs Germany’s exchanges, Deutsche Börse AG<\/a> also conducts a range of market related functions for consumers.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: NA<\/p>\n 5-year Mid CDS<\/strong>: NA<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Stefan Jütte<\/p>\n What Do They Do<\/strong>: Major German retail bank<\/a>.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: NA<\/p>\n 5-year Mid CDS<\/strong>: NA<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n Head of the Board of Directors<\/strong>: Walter Thießen<\/span><\/p>\n What Do They Do<\/strong>: Holding company of a primary insurance group<\/a> and the lead member of the broader Generali Group.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: NA<\/p>\n 5-year Mid CDS<\/strong>: NA<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Ulrich Wallin<\/p>\n What Do They Do<\/strong>: One of the world’s largest reinsurance companies, worth €9 billion<\/a>.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: 8.7%<\/p>\n 5-year Mid CDS<\/strong>: 104.3 bps<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Dr. Uwe Schroeder-Wildberg<\/p>\n What Do They Do<\/strong>: A brokerage business that deals with private clients, many of which are academic<\/a>s.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>:<\/p>\n 5-year Mid CDS<\/strong>:<\/p>\n Source: FT Alphaville<\/a>, CMA Datavision<\/p>\n <\/p>\n CEO<\/strong>: Nikolaus von Bomhard<\/p>\n What Do They Do<\/strong>: A giant of global reinsurance, Munich Re<\/a> works worldwide and Warren Buffett<\/a> is the company’s biggest investor.<\/p>\n Cumulative Probability of Default (CPD)<\/strong>: 6.0%<\/p>\n 5-year Mid CDS<\/strong>: 70.3 bps<\/p>\nAareal Bank AG<\/h2>\n
![\"Aareal](\"http:\/\/static.businessinsider.com\/image\/4bf2fce87f8b9a1667280000-400-300\/aareal-bank-ag.jpg\")
<\/div>\nAllianz SE<\/h2>\n
![\"Allianz](\"http:\/\/static.businessinsider.com\/image\/4bf2fdae7f8b9a3363b70100-400-300\/allianz-se.jpg\")
<\/div>\nCommerzbank SG<\/h2>\n
![\"Commerzbank](\"http:\/\/static.businessinsider.com\/image\/4bf2ffc17f8b9ad1635e0000-400-300\/commerzbank-sg.jpg\")
<\/div>\nDeutsche Bank AG<\/h2>\n
![\"Deutsche](\"http:\/\/static.businessinsider.com\/image\/4b58d17a0000000000af33e3-400-300\/deutsche-bank-ag.jpg\")
<\/div>\nDeutsche B\u00f6rse AG<\/h2>\n
![\"Deutsche](\"http:\/\/static.businessinsider.com\/image\/4bf301337f8b9af267f50000-400-300\/deutsche-brse-ag.jpg\")
<\/div>\nDeutsche Postbank AG<\/h2>\n
![\"Deutsche](\"http:\/\/static.businessinsider.com\/image\/4bf3022c7f8b9a904d5b0200-400-300\/deutsche-postbank-ag.jpg\")
<\/div>\nGenerali Deutschland Holding AG<\/h2>\n
![\"Generali](\"http:\/\/static.businessinsider.com\/image\/4bf302f07f8b9ae4672f0200-400-300\/generali-deutschland-holding-ag.jpg\")
<\/div>\nHannover R\u016bckversicherung AG (Hannover Re)<\/h2>\n
![\"Hannover](\"http:\/\/static.businessinsider.com\/image\/4bf303967f8b9a3d68fb0000-400-300\/hannover-rckversicherung-ag-hannover-re.jpg\")
<\/div>\nMLP AG<\/h2>\n
![\"MLP](\"http:\/\/static.businessinsider.com\/image\/4bf303ed7f8b9af663bf0400-400-300\/mlp-ag.jpg\")
<\/div>\nM\u016bnchener R\u016bckversicherungs-Gesellschaft AG (Munich Re)<\/h2>\n
![\"M\u016bnchener](\"http:\/\/static.businessinsider.com\/image\/4bf304cf7f8b9ad24dba0400-400-300\/mnchener-rckversicherungs-gesellschaft-ag-munich-re.jpg\")
<\/div>\n
![\"Worried](\"http:\/\/static.businessinsider.com\/image\/4bf297cf7f8b9a9246070000-400-300\/worried-about-german-banks-check-out-the-top-25-financials-ready-to-default.jpg\")
<\/div>\n