Reply To: Traders Market Weekly: Bear Jitters as Risk Factors Deepen

#36825
Truman
Participant

Barron’s mentions:

Citizens Financial Group (NYSE:CFG) is recommended, with the company expected to see higher profitability after going on an acquisition spree. Citizens is noted to trade at 1.3X tangible book value, which falls in line with the five-year average but lower than peers like Fifth Third Bancorp (FITB) and Huntington Bancshares (HBAN) at 1.6X.

The publication also breaks down the massive collapse in Terra USD (LUNA-USD) and the implications for other stablecoins like Tether (USDT-USD) and USDC Coin (USDC-USD). The question that could attract attention from regulators is what is the potential contagion effect of another stablecoin problem if the problem impacts an exchange like Coinbase Global (NASDAQ:COIN) then feeds to PayPal Holdings (PYPL) and then feeds to a major bank.