The Institutional Risk Analyst

Imagine how President Joe Biden will react if Chair Powell needs to announce formal limits on access to US bank deposits.

The largest banks continue to serve as a haven for refugees from crypto fraud schemes and the fintech swoon, but are not cheap

Like most nonbanks (and Goldman Sachs is predominantly a nonbank), volumes are falling and funding costs are rising.

The 5-year CDS spreads for ALLY were trading 280bp over the swaps curve compared with 120bp for Citigroup (C) & 150bp for CapitalOne

In times of market volatility and suddenly ended delusions of easy money, the prudent path is to fly to quality.

Why does this bank exist? What market does it serve and how will it grow in the future?

Fed Chairman Jay Powell effectively is short an equity put option to the world...

Citi has drifted through years of government ownership and weak leadership by the board of directors

ALLY has all of the required attributes for inclusion in The IRA Bank Dead Pool....