Goldman Sachs to Pull Out of Most SPACs It Took Public

The transcript discusses the evolving landscape of SPACs, highlighting the cautious approach of major banks like Goldman Sachs and Citigroup. It explores the impact of new regulations, potential conflicts of interest, and the implications for future SPACs. The discussion also covers investor strategies, such as SPAC arbitrage, and the risks associated with market dynamics. Additionally, it addresses risk management practices, the role of VAR models, and concerns about leverage in the financial system.

What challenges do SPAC sponsors face in fulfilling their deals, and what are the associated costs?

In what ways are big banks managing risk in light of increased leverage and market volatility?