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OCC Defines Top Threats To Banks This Season

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Treasury’s Office of the Comptroller of the Currency (OCC) has again released its report on top risks facing banks, with its Spring 2017 analysis warning FIs that threats are coming from all angles. The federal banking system is, and should be, a source of strength for the nation and its economy.

Banking 46
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Transcript: Kristen Bitterly Michell

Barry Ritholtz

It’s a town of about 4,000 people, so exposure to markets or investment banking or any of the careers in finance was not something that you really envisioned. And so, coming out of school, I studied Economics and Spanish Literature, and I applied to a — a program that actually targeted Liberal Arts majors. RITHOLTZ: Right.

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Transcript: Ted Seides

Barry Ritholtz

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. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. SEIDES: No, you’re right about the securities. RITHOLTZ: And that was problematic.

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Transcript: Ken Kencel

Barry Ritholtz

And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investment banks. RITHOLTZ: — credit? private — KENCEL: Right.