The Institutional Risk Analyst

Banks | Markets | Fintech

Atlas Stumbles, Silvergate Wallows; 360 Mortgage v. Fortress (and RITM)

Are nonbank mortgage firms a risk to Ginnie Mae? Or is it really the other way around?

1,751 views

Silvergate, Reverse RPs and the “Theology of Prosperity”

Crypto, of course, is not an asset as much as a bad idea that was given life by Quantitative Easing

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Update: Crypto Fraud Crumbles as Bank Stocks Surge

Crypto has gone from a sort-of juiced up equity strategy to a distressed credit story in just hours.

439 views

Interest Rates & Bank Earnings

The good news for BAC and other banks is that there is a discernable lift underway on the yield of bank balance sheets

349 views

Update: Ally Financial (ALLY)

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

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Equity Market Valuations & Quantitative Tightening

The reduction in the Fed's balance sheet is the largest ever margin call on equity exposures of all descriptions.

997 views

Update: Western Alliance Bancorp (WAL) and Silvergate Corp (SI)

There are virtually no conventional lenders in the US today that are profitable when the sell a loan into the secondary market.

353 views

Profile: Silvergate Capital Corp (SI)

SI’s management team is taking advantage of the narrative in Washington, which is that stable coins will be a bank only product

550 views