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

The TRADE

The rates environment has also released constraints on firms such as insurance pension funds – which drive some of the largest transactions in the world – encouraging more demand for portfolio trading in today’s markets. Then you have individual line traders as well so it takes a lot of coordination for a portfolio and that takes time.”

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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.

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