Update: Ally Financial (ALLY)
Updated: Jul 14, 2022
July 13, 2022 | Premium Service | For the past several weeks, we have watched as credit default swap (CDS) spreads for Ally Financial (ALLY) have widened out, to the point where the implied CDS is close to 280bp over the curve. While many readers of The Institutional Risk Analyst have been watching crypto fiascos like Silvergate Financial (SI) and Signature Bank (SBNY), the prospect of financial problems for the 23rd largest bank holding company (BHC) and a large ABS issuer is cause for concern. But have any of the US bank regulators noticed?
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