Matt Levine, Columnist

The Big Banks Aren’t Stressed

Also hot money, DWAC insider trading and police insider trading.

June 29, 2023 at 6:31 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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If you are a risk manager at a big bank, you might want to run some stress tests examining how your bank will perform under stressful scenarios. If you are creative and good at your job, you will have fun thinking up the scenarios. You will get in a room with some of your subordinates, and ideally with some front-line traders and managers, and brainstorm bad stuff that might happen.