PYMNTS

MARCH 2, 2016

It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets. First, it means banks no longer have to keep a chunk of capital tied up in overseas accounts that require minimum balances. The Price Tag. Banks can hold their local currency and keep just one account.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Barry Ritholtz

MAY 30, 2023

And he starts talking about money and free enterprise and capitalism and ownership and balance sheets and all this stuff and I’m sitting there mesmerized. And how is it that you, what’s this car that’s in the parking lot, it’s got plates on it and a tag and it’s brand new. It was a trading corporation.

Economics 57

Economics Education Profit and Loss Banking 57

Barry Ritholtz

DECEMBER 20, 2022

It seems like you were built to trade distressed EM debt. And so my job for basically two weeks was to get up, go sell as much FX or buy as many dollars as I could, and then go back to the hotel and sit by the pool. RITHOLTZ: So you go from that onto Mother Merrill for three years, where you traded distressed EM. It was great.

Restructuring 61

Restructuring Investments Marketing Banking 61

Barry Ritholtz

MAY 16, 2023

RITHOLTZ: I remember being on a trading desk and not being allowed to trade it. So I really got that first trade horrifically wrong. LINDZON: And E-Trade. RITHOLTZ: By the way, I have said that the very first financial blog was Todd Harrison’s “Trading Diary” LINDZON: Amazing. RITHOLTZ: Trading Places.

Leverage 112

Leverage Investments Valuation Finance 112