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
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