The Institutional Risk Analyst

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.

Outside of Citi, the highest loss rate of the top five BHCs is JPM, but CEO Jamie Dimon makes more money per dollar of assets

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...

If you back reserve releases out of Q1 2021 bank results, revenues and earnings were down and trend is headed lower due to QE

Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over....

The Fed’s chief concern is keeping the Treasury debt market open and functional. Liquidity includes cash and risk-free collateral...

Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?

Why is Joe Biden declaring war on American family farmers, investors in multifamily real estate and Main Street USA?

We view RKT's refusal to provide this material information to investors as a significant omission in its public disclosure...

Whether you are chasing alpha in stocks or buying crypto tokens or making non-agency mortgage loans, the maddening crowd is FOMO...

The Fed's 2% inflation target needs to be replaced in a specific way

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

Each burst of liquidity provided by the FOMC in response to a major externality creates the conditions for the next financial crisis

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

Sooner or later someone has to eat those forgone cash flow losses....