The Institutional Risk Analyst

Banks | Markets | Fintech

Winter is Coming in Bank Credit

If a bank has 6% debt to assets, what is the equity of the parent BHC worth?

1,086 views

Update: New York Community Bank

We liked the NYCB + Flagstar story prior to the transaction with the FDIC for the assets and deposits of Signature Bank.

1,130 views

Winners & Losers in the New Gilded Age

Mark Twain called Washington ''the grand old benevolent National Asylum for the Helpless'' in his classic "The Gilded Age."

1,664 views

RKT Sinks, UWMC Wobbles, RITM Treads Water & Goldman Doubles Down

GS is a securities dealer first and foremost and has no comparative advantage as a bank.

882 views

Mortgage Wrap; PennyMac Financial, Rithm Capital & MSRs

We suspect that the IMBs will be sellers of conventional assets to defend their Ginnie Mae MSRs. Banks may be buyers of conventional assets

521 views

Two Inflation Narratives; Credit Suisse & Ginnie Mae MSRs

The big take away from Q4 2022 earnings is that credit expenses are headed higher and at a brisk pace

806 views

Profile: NYCB + Flagstar Bancorp

The combination of New York Community Bank and Flagstar creates an $85 billion bank with a national mortgage business

487 views