The Institutional Risk Analyst

Many banks, led by the likes of Charles Schwab (SCHW) and Bank of America (BAC), refused to restructure their bond portfolios when interest rates were lower, leaving billions of dollars in potential earnings sitting on the table. As we discuss below, SCHW had a yield on its securities book, which is almost half of the group’s assets, of less than 2% at year-end 2025. Why is this OK?

Dollars, Deficits and "Duh" in Davos