The Institutional Risk Analyst

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.

Elizabeth Warren and progressives in Congress should support COF's purchase of Discover as a way to compete with monopoly JPMorgan

If President Trump starts talking about fixing the federal budget deficit and redeveloping moribund urban real estate, he’d win in November

We think that the whole banking industry could be driven into multiple periods of loss as they divert income to loss provisions. 

Q: What do Silicon Valley Bank, First Republic Bank, Signature Bank and New York Community Bank have in common? Auditor, KPMG.

Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.

Net interest income at USB was down again for the fourth consecutive quarter, confirming a trend across the banking industry

As reflected in the valuations for JPM, WFC and BXMT, institutional investors are still not that concerned about commercial real est losses

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.

As the public debt of the US grows, after all, the implicit claim of the Treasury on all private US assets also grows.

The Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk

Is AFRM maturing from a hot new fintech entrant to a familiar face headed for a bank license?? Yikes.

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

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

Was the breakdown of the normally stable and, indeed, routine workings of the Clearinghouse the result of bad actors?

Regulatory skepticism about mortgage assets could effect financing rates for lenders, which means higher mortgage rates for consumers.

We look for modest rate cuts in 2025, followed by an equally modest boom in mortgage lending