Steven Kelly (@stevenkelly49) 's Twitter Profile
Steven Kelly

@stevenkelly49

Associate Director of Research at the Yale Program on Financial Stability (@YPFSatYale/@YaleSOM). Financial crises & how to fight them.

ID: 1111017381407662080

linkhttps://www.withoutwarningresearch.com/ calendar_today27-03-2019 21:29:20

4,4K Tweet

9,9K Followers

310 Following

Leo Schwartz (@leomschwartz) 's Twitter Profile Photo

Circle has had a tumultuous path to its IPO. I wrote a feature in 2023 exploring the company's long journey to stablecoins, the leadership approach of Jeremy Allaire, the fallout from the Silicon Valley Bank depeg, and its business model: fortune.com/crypto/2023/09…

Chris Whittall (@chris_whittall) 's Twitter Profile Photo

NEW: How Goldman Sachs turned financing into a $9bn powerhouse Goldman's financing revenues now outstrip investment banking fees after >doubling since 2020 Profile of how the age-old business of lending money is transforming the investment bank 🧵 ifre.com/topic-codes/22…

NEW: How Goldman Sachs turned financing into a $9bn powerhouse

Goldman's financing revenues now outstrip investment banking fees after >doubling since 2020

Profile of how the age-old business of lending money is transforming the investment bank 🧵

ifre.com/topic-codes/22…
Chris Whittall (@chris_whittall) 's Twitter Profile Photo

Expanding financing has allowed banks to benefit from these trends The pivot reflects a broader industry trend that ppl like Steven Kelly + Huw van Steenis have dubbed the "re-tranching" of the banking system post 2008 This has seen banks act more as financiers than investors

Expanding financing has allowed banks to benefit from these trends

The pivot reflects a broader industry trend that ppl like <a href="/StevenKelly49/">Steven Kelly</a> + <a href="/huwsteenis/">Huw van Steenis</a>  have dubbed the "re-tranching" of the banking system post 2008

This has seen banks act more as financiers than investors
SUERF - The European Money and Finance Forum (@suerf_org) 's Twitter Profile Photo

#SUERFpolicybrief “Ad Hoc Emergency #Liquidity Assistance in the 21st Century: Necessary, but Never Sufficient" by Steven Kelly (Steven Kelly), Vincient Arnold, Greg Feldberg, and Andrew Metrick (Yale Program on Financial Stability) 📄tinyurl.com/56mdr3st

#SUERFpolicybrief “Ad Hoc Emergency #Liquidity Assistance in the 21st Century: Necessary, but Never Sufficient" by Steven Kelly (<a href="/StevenKelly49/">Steven Kelly</a>), <a href="/ArnoldVincient/">Vincient Arnold</a>, Greg Feldberg, and Andrew Metrick (Yale Program on Financial Stability)

📄tinyurl.com/56mdr3st
Rashad Ahmed (@varshad_) 's Twitter Profile Photo

Stablecoins are a bridge between the crypto ecosystem and tradfi markets. Steven’s piece is good reading ahead of the Senate vote on GENIUS