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Banker exodus

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This is one indirect way the GSIBs benefit if the equity prices are reduced to their Fed mandated -55% hedge level... wipes out the ankle biting competitors ...Credit Suisse is experiencing an exodus of bankers following its .5 billion hit from Archegos https://t.co/oGEfo2CDgr— WSJ Markets (@WSJmarkets) May 18, 2021

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This is one indirect way the GSIBs benefit if the equity prices are reduced to their Fed mandated -55% hedge level... wipes out the ankle biting competitors ...



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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