Remove Concentration Remove Credit Risk Remove Healthcare
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Transcript: Melissa Smith, co-Head of Commercial Banking at JPMorgan

Barry Ritholtz

I mean certainly there’s still like a huge, a huge concentration in kind of, you know, the Bay area and then kind of New York, Boston area. But there are cities, Miami’s a good example for our healthcare business. So again, depending on the industry, it depends on sort of where our concentration of bankers are.

Banking 52
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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. We saw that concentrated exposure, right, with the — the — the staff that came out, that 85 percent of the world’s wheat production.

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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: So it’s Hartford HealthCare. RITHOLTZ: If you’re a long short fund at the very least, and David Einhorn and others very famously were short Lehman Brothers.