"There will first be a pernicious excitement, and next a fatal collapse." -- Walter Bagehot, Lombard Street (1844)
Q: What is the fastest growing asset class at US banks? Leveraged loans? US Treasury debt? A: Reserves deposited at the Fed.
Deflation and the attendant risks caused by a sudden revelation about hidden debts will remain the chief concern for investors and policy makers in 2015
Our industry has lost a legacy creator. May he Rest in Peace.
The best performer among the top-five US banks is U.S. Bancorp (NYSE:USB) and by a wide margin...
The Puerto Rico Electric Power Authority (PREPA) Bond: Nondisclosure Agreement Creates Two Classes of BondholdersSubmitted by rcwhalen on 09/16/2014 03:07 -0500
Suddenly, we now have a new class: those bondholders who are under the NDA versus those who are not.
FDIC: “the largest positive contribution to the year-over-year change in earnings came from reduced loan-loss provisions..."
Energy security is not synonymous with energy independence.
Bailing out banks is not hard when a nation has a sovereign currency and the banks’ debts are denominated in that currency.
“Flash Boys” is a book written for Hollywood instead of the history books or policy makers. Stay tuned for the movie.
After tens of millions in legal fees, a river of negative press, and ripple effects to other local municipalities, we have U-turned and are back to where we started.
Most Buy Side managers have no idea about the disparate business models of the four largest US banks by assets.
Why is Citigroup not like any of the top four banks, including JPM, WFC, USB or BAC?
To really appreciate “too big to fail,” you must first and foremost understand that it is a political concept that springs from a sense of liberal privilege and entitlement.
Is capital adequacy really the answer to the question?