The Institutional Risk Analyst

Unless the FOMC relents and eases up on its massive purchases of Treasury securities and MBS, bank earnings are likely to decline further

Whenever interest rates rise, the amen chorus on Wall Street starts to warble about the benefits to banks.

The evolution of fintech companies into regulated banks has implications for public market valuations...

The assumption of a stable financial and economic transition in the US during 2021 is perhaps the greatest risk facing the global markets.

We think that a strong case can be made that to enhance shareholder value, Moynihan and the BAC board ought to spin-off Merrill Lynch...

New issue volumes in all of the major securities asset classes other than Treasury debt are trending lower as 2021 begins....

If you sent somebody to deliberately sabotage the US housing market, you could not find a better perpetrator than Director Calabria.

The risk presented by changes in behavior compelled by COVID have only begun to emerge into view in urban commercial real estate...

In this edition of The IRA Bank Book for Q4 2020, we ask a basic question: Is there a bull case for US banks?

LIBOR is a price. SOFR is an economists’ wet dream one that lacks actual utility and substance...

There is no actual disclosure from PSFI as to exactly how much of the firm’s default advances are being financed with bondholder funds

By acquiring the $100 billion asset BBVA USA, PNC is doing the Federal Reserve Board and other regulators a favor.

Because of forward liquidity and credit concerns, the window for IMBs to tap the public equity markets appears to have closed for now

An equally informal group of researchers within the Federal Reserve System is also in the vanguard of those warning about nonbank risk...

Not all AUM is created equal. Even though GS claims to have twice the AUM of MS, it makes less than half the revenue....

Next we present "Alien vs Predator" by comparing Goldman Sachs (NYSE:GS) with Morgan Stanley (NYSE:MS)

Congress needs to reconsider the dual-mandate contained in the 1978 Humphrey-Hawkins legislation...

In this edition of The Institutional Risk Analyst, we assign a neutral risk rating to Wells Fargo & Co, the fourth largest US bank

There is a reason why the smart money on Wall Street is creating new strategies focused on non-performing loans...

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