The Institutional Risk Analyst

magine if the Fed started margin calling the big banks in response to the April market selloff rather than supporting the system!

Most of midtown Manhattan’s offices and other structures are unused. Commuter volumes are 10% of pre-COVID levels.

The GSEs will never be worth more than about $250 billion regardless of how much additional taxpayer money is contributed....

Unless the FOMC relents and eases up on its massive purchases of Treasury securities and MBS, bank earnings are likely to decline further

The evolution of fintech companies into regulated banks has implications for public market valuations...

New issue volumes in all of the major securities asset classes other than Treasury debt are trending lower as 2021 begins....

Not all AUM is created equal. Even though GS claims to have twice the AUM of MS, it makes less than half the revenue....

Congress needs to reconsider the dual-mandate contained in the 1978 Humphrey-Hawkins legislation...

Don’t get distracted by the rising rate song from the Street. We don’t look for short or medium term interest rates to rise in the near term

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

The deflationary impact of COVID continues to ripple through the global financial system.

In November 2019 we published a negative risk profile for Citigroup Inc (NYSE:C). We reaffirm the negative risk profile...

The change in the FOMC’s stance also reflects a rebuke to the remaining conservatives within the decidedly left-of-center Fed system...

No matter who wins the presidential election in November, have no doubt that Chairman Powell is the most important man in town...

Quarterly net income for all FDIC-insured commercial banks fell 70% YOY...

There are many dimensions to the world of payments, some which are banal other that are vitally important

Why not simply fix the existing LIBOR? Well, that would require the folks at the Fed and other central banks to admit that they were wrong

We expect to see lending volumes slow somewhat for the balance of 2020

Then things like #QE and #MMT will fade into memory as we embrace the reality of no longer being special...

The Street wants to own these bank stocks, plain and simple....