The Institutional Risk Analyst

When SCHW surpassed U.S. Bancorp in size in 2021, you knew that SCHW’s leadership had gotten lost. 

Whenever you hear the magic words "blockchain" and "digital tokens," it's a good guess that whatever follows is nonsense.

In dollar terms, the moves in 2023 were tiny vs the post March rally in 2020.

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

Citigroup picked up almost 10 points of book value since the end of Q3 2023.

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

CEO Patrick Collison is guiding investors and the media to a $200 million profit in 2023. Selective disclosure??

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

Is SQ really, REALLY worth 25x book value? Our respectful answer to that question is no.

Which US financial will best weather the coming equity market correction?

U.S. Bancorp, PNC and Truist Financial hold great value creation potential. But which is likely to realize this potential?

Could the tether market and a small, little-known private bank in the Bahamas be the precursor of the next systemic market event in the US?

WISE is a play on the relentless advance of technology that lowers costs and eventually forces change in the legacy world of banking and pay

While the progress in machine learning is impressive, horsepower in terms of computational capacity does not translate into intelligence.

The BIS is essentially saying to the banking industry that bitcoin is not a permitted asset for depositories. Adios bitcoin!

Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?

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

Bitcoin and Tether are technologically enabled forms of financial fraud

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

The assumption of a stable financial and economic transition in the US during 2021 is perhaps the greatest risk facing the global markets.