Stock market
Situational Unawareness: Banks Ran Out Of Room To Lever Up The AI Trade, So They Made More
Situational Unawareness: Banks Ran Out Of Room To Lever Up The AI Trade, So They Made More When a bank runs out of room to lend to hedge funds piling into the most crowded trade on the planet, there are two options: stop lending, or find more room. Barclays found more room... According to a Bloomberg exclusive published Tuesday, Barclays (BARC) executives wanted extra capacity to lend more aggressively to hedge fund clients as Asian AI stocks went vertical earlier this year. The fix: the bank's macro rates traders ended up lending part of their own capital allocation to the prime