What do traders at regional banks like SVB do?
I'm generally familiar with what S&T does at BB but was wondering what the difference is with regional bank S&T. Are they just execution traders because their balance sheet isn't sizable enough for them to be market makers like a BB?
Regional banks have "market-making" capability but can't offer the most competitive pricing/take on as much risk as a BB, so less HF-type customers, and more corporate/financial institution flow. I'd assume to boost PnL they take directional views based on the client flow.
I'd assume have a decent retail operation and small business coverage too, stuff like FX hedging for a local business.
Yeah I saw quite a few FX traders from SVB on Linkedin
Don't think they did shit based on how the fiasco played out
Perferendis necessitatibus fugit rem accusantium. Alias laudantium nostrum molestias. Quis sunt modi quo sequi et soluta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...