The Institutional Risk Analyst

Amidst the yelling and screaming of Elizabeth Warren, we suspect that Jay Powell will survive the crisis

In the Q3 2021 edition of The IRA Bank Book, we document the slow destruction of US bank asset and equity returns by the FOMC.

When Treasury market yields trade and stay negative, look for the Federal Reserve Board to come to the rescue of MM funds and banks.

Which US financial will best weather the coming equity market correction?

If we told you that a group of banks and REITs outperformed fintech stocks during the first nine months of 2021, what would you say?

U.S. Bancorp, PNC and Truist Financial hold great value creation potential. But which is likely to realize this potential?

We expect to see a lot more M&A activity over the next 12 – 18 months, as that’s the only way for some players to grow share.

There is, after all, no free lunch for investors when the Fed is serving the thin meal of Financial Repression

Could the tether market and a small, little-known private bank in the Bahamas be the precursor of the next systemic market event in the US?

BAC is the worst performing bank in the top-five US commercial banks and often underperforms the average for Peer Group 1.

This rule could cost literally tens of billions in losses to banks and nonbanks alike...

WISE is a play on the relentless advance of technology that lowers costs and eventually forces change in the legacy world of banking and pay

Cheap liquidity c/o the FOMC does little for bank earnings when asset returns are also falling

We anticipate a shift in deposits out of banks and into the Fed that could further complicate liquidity in Q3 2021.

Is BLND worth more than RKT, or entrenched data monopolies and solution providers such as BKI or even CLGX?

When you hear people talking about the Fed tapering QE next year, you know they are behind the proverbial curve.

The big banks in Boston, New York and London did not support “Lincoln’s War”

While the progress in machine learning is impressive, horsepower in terms of computational capacity does not translate into intelligence.

The BIS is essentially saying to the banking industry that bitcoin is not a permitted asset for depositories. Adios bitcoin!

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