Bored to death on how Wall Street banks are so risk averse these days. Anyone know any banks left that are fratty with strong risk appetite like Lehman? It no longer feels like Wall Street anymore, without the kill and eat culture. Honestly.
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What.
You're a prospect that probably doesn't know what a bond yield is and you're talking about risk
XD
I know what synthetic CDOs are, potato
Okay you watched the big short once. Nice
2008 showed why it is dangerous to be overly risk hungry. I dont suppose any bank would like to have the same faith with Lehman Brothers just to show-off themselves as being risk hungry. All these regulations after 2008 + COVID-19 is not a good atmosphere for being risk hungry.
In 80's you were eating risks, now risks eat you.
.
Jefferies LevFin probably has highest share of the most speculative debt transactions in the biz. $2.2billion in convertible and HY offerings to MicroStrategy to solely buy bitcoin and they were the sole underwriter on that plus $1b shelf offering. 11x EBITDA Revlon debt financing. The list goes on. CS also will take most high risk mandates. BAML slightly more conservative but top player in the space.
Risky balance sheet does not equal fun + fratty culture.Plenty of profitable banks/groups with the culture you describe. Whether you'll get into them is a different story lol.
Edit: Meant to reply to OP, not this comment.
can you name them, sir? would SB you
Funny how Rich has the highest appetite for risk considering Drexel...
very little of it's on the balance sheet.
I just want to get paid like 80's wall st
Banks like these don't exist as much exactly because of what happed to lehman...right?
The truth is not always beautiful, nor beautiful words the truth.
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tell that to Credit Suisse lol
aaa
The roaring 80s were a new guilded age, where winning was celebrated at all costs
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