The Institutional Risk Analyst

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

With inflation fears moderating, look for Buy Side managers to buy bank stocks – even if earnings remain constrained...

What can SYF tell us about the bleeding edge of unsecured consumer credit?

Imagine how President Joe Biden will react if Chair Powell needs to announce formal limits on access to US bank deposits.

The largest banks continue to serve as a haven for refugees from crypto fraud schemes and the fintech swoon, but are not cheap

Like most nonbanks (and Goldman Sachs is predominantly a nonbank), volumes are falling and funding costs are rising.

The 5-year CDS spreads for ALLY were trading 280bp over the swaps curve compared with 120bp for Citigroup (C) & 150bp for CapitalOne

In times of market volatility and suddenly ended delusions of easy money, the prudent path is to fly to quality.

Why does this bank exist? What market does it serve and how will it grow in the future?

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

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

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

May 31, 2017 | Financials swooned this week as investors now seem to accept that much of the Trump program is in doubt – at least for 2017. No surprise then that yesterday large-cap financials actually closed down for the year. In our last edition of The Institutional Risk Analyst , " Macro-Prudential Delusions: Bank Credit Outlook 2H 2017 ," we referred to how in April the forward guidance from Capital One Financial (NYSE:COF) caused financials to begin their swoon six we