The Institutional Risk Analyst

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

Given that the US Treasury is paying 4% for 90-day T-bills, you can see how far banks have to go to become competitive on rates

We liked the NYCB + Flagstar story prior to the transaction with the FDIC for the assets and deposits of Signature Bank.

Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell are another bank failure or two away from returning to the private sector.

By any reasonable standard, Janet Yellen should have already resigned, but not in the strange world of Washington.

Crypto, of course, is not an asset as much as a bad idea that was given life by Quantitative Easing

Crypto has gone from a sort-of juiced up equity strategy to a distressed credit story in just hours.

The good news for BAC and other banks is that there is a discernable lift underway on the yield of bank balance sheets

The 5-year CDS spreads for ALLY were trading 280bp over the swaps curve compared with 120bp for Citigroup (C) & 150bp for CapitalOne

Even as the FOMC raises interest rates, we caution our readers to be prepared for disappointment from banks near term

WAL is one the best performing small banks in the US based upon equity market valuations, profits and growth rates