The Institutional Risk Analyst

Notice that the Fed stress test is silent on trillions of dollars in mark-to-market losses facing US banks from COVID-era securities

The Fed bank stress tests are another sign of magical thinking in Washington.

Citigroup leads the pack with a net loss rate of 133 basis points (bp) that is almost five times the average for Peer Group 1 at 27 bp.

Based upon the three-month returns through the end of Q1 2024, NYCB ranked at the bottom of the 108 public banks in Peer Group 1.

We see higher credit costs, narrowing NIM and still rising funding costs squeezing the banking industry in Q1 2024...

FDIC Chairman Gruenberg ought to tell New York State to take over the rent controlled loans from Signature, NYCB and other lenders...

Not all banks or companies are the same and not all follow the herd.

Sad to say, the business at NYCB is doing better than you'd think reading the bank's absurd disclosure.

If Fraser cannot articulate a coherent reason to keep the business together, a breakup may be the most sensible strategy.

Look for falling rates sooner rather than later as the Fed and other agencies prepare to resolve more bank failures in 2024.

Citigroup picked up almost 10 points of book value since the end of Q3 2023.

Simply stated, with T-bills trading significantly above the yield on RRPs, there is no reason for MMFs to leave cash at the Fed

COIN has been helped by a groundswell of positive comment about crypto in 2023...

If you conduct a fire sale analysis of BAC's balance sheet as of Q3 2023, the result more than wipes out the bank's tangible equity

Bank earnings can be best described as cautiously mediocre, but as usual the Street proclaimed that three banks "beat the estimates"

The public behavior and decision-making processes of SoftBank suggest that the organization is in trouble.

The US banking industry has seen now two consecutive down quarters for net income caused by the Fed’s massive open market operations

If a bank has 6% debt to assets, what is the equity of the parent BHC worth?

We continue to believe that combining Citi and GS may make sense in terms of consolidating two capital markets businesses

JPM has an impressive lead in earnings and growth over WFC and C, neither one of which is positioned to catch up with Jamie Dimon in 2023.