2 ms·
Cost of funding overnight to maturity? 90bn for 5 years @ -3% carry, +/- defaults / refi on loan book? ~= 20bn? Also total losses are FDIC + the already defaut
by blitzar 4y ago
Cost of funding overnight to maturity? 90bn for 5 years @ -3% carry, +/- defaults / refi on loan book? ~= 20bn?
Also total losses are FDIC + the already defauted on share capital + any bonds the bank had issued. The hole in the balance sheeet is a lot bigger than it first looked.