Major U.S. banks already have been cutting staff and operations related to mortgage originations as interest rates have shot up and the roaring housing market has cooled in 2022. For Read more
Tag: nonbank
Banks dial up risk-taking in OTC derivatives trades by using many of the same non-bank counterparties, a study says
A working paper on counterparty choice by major banks in the $12.4 trillion over-the-counter derivatives market offers evidence of systemic risk propagation in bank networks through non-bank counterparties in “opaque” Read more