Incoming FT Analyst at Truist, should I be worried?
Graduate in May and am coming onto the desk at Truist FT in an IB coverage group (not TMT). With everything going on and us seemingly having the biggest % losses of the day on our share price out of the top 10 largest U.S. banks, I am feeling uneasy.What are the odds a bank as big as Truist ($500B+) fails to weather this storm and actually goes under? Should I actually be worried?What could / should I be doing in the meantime?Thanks in advance for any insight.
You should probably chill out and have a beer or two.
Literally nothing about this situation is in your control
Why did you specify not TMT
You serious mate?
TMT is getting ZERO work right now. Same with ECM.
Truist will not go under
Truist is one of the most conservative banks out there lol
They're getting lumped in with the "regional" banks whose stocks have been getting pressured, but really post-merger they shouldn't be (for non-IB purposes).
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