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The liabilities of Wall Street’s largest dealers widened by $6.8 billion as credit spreads reeled back from last year’s regional banking shock – a fiendishly hard-to-hedge accounting quirk that keeps blemishing their quarterly profits.
QUOTE OF THE WEEK
Napier Park to increase investment in bank risk transfers
“We expect there to be a secular move of risk away from the banks through third-party investment. And we plan to play an important role” – Serhan Secmen, Napier Park
10 May 2024 
