Remove Accountant Remove Bulge Bracket Remove Risk Management
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Portfolio trading is on the up but only some can make it pay

The TRADE

In the same period, international accounted for $332 million in Q3 up from $311 in Q3 2022. Changing interest rates have made efficient risk management capabilities essential for success in portfolio trading and while rate cuts are already being priced in for 2024, whether or not these will come to be a reality is a question for next year.

Portfolio 104
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UBS and Credit Suisse: The Next Shoe to Drop in the Financial Crisis of 2023?

Mergers and Inquisitions

I explained the reasons for Silicon Valley Bank’s failure in last week’s article : incompetent risk management, massive losses on HTM securities, and a run on the bank that created the need to sell securities at a loss and get cash to cover the withdrawals. By contrast, Credit Suisse barely had any HTM securities.

Banking 98