The Institutional Risk Analyst

In simple terms, FLG is not making money and does not seem to have any immediate prospects to pull itself out of a slow downward spiral of balance sheet shrinkage and operating losses.  Whereas before 2024, FLG was a peer performer in most respects, today the bank’s financial performance is significantly below-peer, bottom quartile in many cases.

A look at the bottom quarter of WGA Bank Top 100 Index. We view TCBI as a work in progress. But kudos to KEY...

NYCB and the unsold rent-stabilized assets left over from the failure of SBNY are two little surprises waiting for the next POTUS.

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

If you believe that there is no recession coming in 2025, what is the logical response from an informed investment professional?

If you were really, REALLY going to do mortgage warehouse lending in today's market, KEY would be the better platform, not BNS.

Joe Otting does not seem to understand the value of the Flagstar correspondent lending and mortgage servicing business...

Citi is a subprime lender. They should be directly involved in government lending.

Big banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?

Are there bank bargains down in the cellar waiting to be discovered?

The fixation with the idea of resolving large zombie banks without public expense is evidence of our collective delusion. 

Only in the strange confines of Washington do you still find people who think that the federal budget deficit is not a problem.

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...

If Mr. Otting et al do try to execute a community bank redux in the New York market, then we'd be inclined to exit the stock.

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

More often than not, Fed Governors use media appearances to enhance their personal celebrity rather than doing their jobs.

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

We can all pretend that the collapse of valuations for many commercial and multifamily properties is not a major problem. Or we can act now

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