Barry Ritholtz

MARCH 5, 2024

And so I remember back, back in 2005 when we first started, you know, we think about the banks. The banks would have an equity trading desk and they’d have a debt desk, right? What happened over the last year and a half or so is rates went up and valuations went down. H how did you figure that out?

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Mergers and Acquisitions (M&A) Credit Risk Investments Banking 58

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. Australia’s ANZ Bank led a $1.56 Australia’s ANZ Bank led a $1.56 ForwardLine Financial.

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B2B eCommerce Startups Foreign Exchange 51

PYMNTS

DECEMBER 10, 2016

The consumer credit market has huge potential — trillions and trillions of dollars — and I wanted to ride that winner. Lending Club’s model does not need bank branches on each street corner, and it can turn around in minutes and hours, not days. banks at the time. The Trouble With “Not Being A Bank”.

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GAAP Compliance Valuation Auditing 73

PYMNTS

FEBRUARY 7, 2020

Loans were primarily issued to SMB merchants that sell on the site, and bank partnerships were leveraged in some foreign markets. In Amazon’s case, the value of logistics is about $1 trillion, which is the valuation the company reached again this week, after the firm’s results and investments managed to impress investors.

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eCommerce Benchmarking Restructuring Credit Risk 52

PYMNTS

MAY 16, 2018

.” And while they might care about those values, at this point investors are likely wondering more about SoFi’s mission, a product offering that justifies a valuation of $4.4 billion, particularly as the firm is likely considering an IPO.

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Credit Risk Valuation Leadership Finance 40

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The Rundown on the Run-up to the Decisions.

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Musings on Markets

JANUARY 27, 2022

While we have increasingly given central banks primacy in discussions of interest rates, it remains my view that markets set rates, and while central banks can nudge market expectations, they cannot alter them. That then becomes the springboard for estimating risk free rates in different currencies, following one of two paths.

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Barry Ritholtz

AUGUST 29, 2023

And you had to take on significant duration risk and credit risk just to earn a couple percentage points. And I’ve had people stop me, even at Vanguard, in the hallway and say, “Wow, I didn’t realize that I’ve been leaving this much money on the table by keeping a sizable amount of deposits at my bank.”

Investments 52

Investments Benchmarking Valuation Construction 52

Barry Ritholtz

FEBRUARY 13, 2023

In fact, I was going to be a strategist, financial analyst to work for a bank and write research reports. And the ability to say, gosh, you know, there’s a lot of stuff in fixed income, that for a variety of reasons, central bank owns it, a pension fund owns it, insurance companies own it. RIEDER: Right. It has no value.

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Barry Ritholtz

SEPTEMBER 26, 2023

And then very soon after, you know, bear Stearns fails, Lehman Brothers fails, the cracks were massive and there were so much for selling from the trading desks at the banks. And we, we feel that a lot of phone calls, I think the most nervous we became was when the banks started failing. That had mismatched assets.

Investments 52

Investments Banking Economics Marketing 52

Barry Ritholtz

AUGUST 15, 2023

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. What’s the valuation? ” And just like the change bank from “Saturday Night Live, “We’ll make it up in volume. RITHOLTZ: And that was problematic.

Investments 52

Investments Benchmarking Marketing Treasury 52

Barry Ritholtz

MARCH 12, 2024

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

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Profit and Loss Investments Marketing Securities 58

PYMNTS

AUGUST 26, 2019

Tongues and fingers wagged last week when a Danish bank offered negative interest rate mortgages earlier this month. To get a sense of what would induce someone to take on negative debt, or for a bank to sell that negative debt in the first place, Flum offered up a hypothetical transaction. Trade wars. Currency wars.

Manufacturing 57

Manufacturing Currencies Valuation Economics 57

Barry Ritholtz

JUNE 3, 2024

And you know, it’s the same thing when valuation gets outta control too. It will come home to roost at some point, but doesn’t mean the valuation can’t get worse. Valuations are tight, they’re tight for a reason. You have to get compensated for each risk. We, we continue to see that left and right.

Math 58

Math Marketing Treasury Valuation 58

Barry Ritholtz

DECEMBER 20, 2022

It’s just a fascinating conversation about looking at the world from both bottoms up and top-down, as well as thinking about what valuations are like, how likely are macro events, the impact you’re getting not just the return on capital, but as famously said in fixed income, a return of your capital. Every bank had balance sheet.

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Restructuring Investments Marketing Banking 63