As rates rose, KeyBank unwound 94% of pay-fixed swaps
Sale of AFS hedges left book exposed throughout late 2022, much as at ill-fated SVB
Source: risk.net
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Sale of AFS hedges left book exposed throughout late 2022, much as at ill-fated SVB
A repeal of the 2019 provision would hit KeyCorp and Charles Schwab the most
Emergency facility extended $79bn last week, $10bn more than central bank’s traditional credit lending tool
Cash and securities maturing within a year went from over- to undermatching short-term funding liabilities
Calmer markets triggered downward revision as requirements drop $30bn