The Institutional Risk Analyst

Many voices in the media and elsewhere have been predicting an economic slump since 2023. Didn’t happen, but 2025 is very different.

Yes, net loss rates in percentage terms post default are back up to 2010 levels, but the dollar volume of net charge-offs remains very low.

How is Goldman going to extricate itself from this profoundly unattractive business with AAPL without destroying Apple Card?

The big story nobody is discussing is the fact that large banks led by JPM, BAC and TFC continue to sell off briskly

Axos continues to rebound after the bear raid by Hindenburg Research. AX ranked 18th in the WGA Bank Top Index in Q3 2024 vs 98th for SOFI

The first comment to make is that consumer defaults are rising across the board. The only question we need to consider is the rate of change