banks

Latest news and analysis on banks

Equities

It’s time to sell ASX bank shares and buy resources says this major broker

Resources and energy stocks are soaring, yet for some reason previously high-flying bank shares are falling. Why, and should you switch?
BHP
+5
Carl Capolingua
Livewire Markets
Equities

A tale of two sectors

The rally in the ‘Big 4’ banks has been perplexing
BHP
+8
Greg Burke
Wilsons Advisory
Fixed Income

Did APRA just make banks riskier to reduce its own reputational risks?

Is the banking regulator ramping up bank leverage and risks faced by depositors to protect itself?
Christopher Joye
Coolabah Capital
Fixed Income

APRA proposes to phase-out bank hybrids by 2032

A surprising yet sensible proposal from the banking regulator, which will keep insurance hybrid securities in place
Christopher Joye
Coolabah Capital
Fixed Income

Non-bank defaults continue to spike

Delinquencies on non-bank loan deals are moving towards record highs
Christopher Joye
Coolabah Capital
Property

Transferring the pain from the levered Chinese property developers to the banks

As China reflated its economy in 2015, we saw a massive five-to-six-year tailwind assisting the property boom. Speculation and strong property prices led to...
David Buckland
Montgomery Investment Management
Fixed Income

Aussie bank tier 2 credit ratings to rise

Global investors appear to be completely oblivious to the prospect of a very important upgrade to the major banks’ Tier 2 bond credit ratings with Standard & Poor’s...
Jason Lindeman
Coolabah Capital
Macro

New podcast interview: Buying bank bonds yielding 7.5% pa & why fixed-rate bond duration is attractive

In this episode we consider optimal asset-allocation between floating-rate and fixed-rate bonds and argue duration is looking attractive
Christopher Joye
Coolabah Capital
Equities

Finding diamonds in the rough: searching for quality in the financials

The presence of sustainably high returns on operating capital is one of the hallmarks of our team’s definition of quality.
Bruno Paulson
Morgan Stanley IM
Equities

A hawkish RBA is a gift for dividend investors

But beware of falling into dividend traps (like the banks)
Greg Canavan
Fat Tail Investment Research
Investment Theme

Why the recent US turmoil is a storm in a bean (counter's) cup

Analysis of the recent US bank turmoil indicates the issue is contained to smaller banks, which comprise less than 3% of the system.
Steven Glass
Pella Funds Management
Fixed Income

Bank bond issuance could slow sharply

Markets do not appear to be pricing in the risk of a substantial slow-down in bank bond issuance
Christopher Joye
Coolabah Capital
Macro

Is the banking crisis over?

As regulators guarantee the safety of banks, risks will shift into the non-bank lending domain.
Christopher Joye
Coolabah Capital
Macro

Charts of the Week - Pension tensions, OPEC production cuts and modelling US payrolls

This week’s charts begin by examining the Spanish population pyramid as an example of the challenge facing pension systems.
Macrobond Financial
Macrobond Financial
Education

What Causes – and How to Prevent – Bank Crises

Duration mismatch regularly causes some banks to fail. Matching the duration of short-term assets and liabilities will eliminatefailures.
Chris Leithner
Leithner & Company Ltd
Equities

Echoes of '08? Don't bank on it

With the industry in turmoil, we have been examining the triggers to measure risk levels across the global banking sector
Kim Mayer
GMO
Fixed Income

What do cheese and Hybrid investments have in common?

Some cheeses have holes in them, some do not. There are also many varieties of hybrids, some of these also have holes in them.
Charlie Callan
BondAdviser
Macro

Charts of the Week - Inverted curves, the SVB effect, and pessimistic Britain

This week’s charts revisit the evolution of Fed funds futures as the US central bank heads into a potentially pivotal meeting
Macrobond Financial
Macrobond Financial
Macro

UBS buys Credit Suisse in CHF3 billion deal, bonds fully protected as AT1s are zeroed (Updated)

UBS acquires CS, imposing 89% losses on shareholders from 12mths ago, CS bonds/deposits are unaffected while hybrids are written-off
Christopher Joye
Coolabah Capital
Equities

Why monetary madness needs to be banished for good

I have to admit to a touch of schadenfreude watching the demise of Silicon Valley Bank (SVB) on Twitter this week. All of those Silicon Valley free-marketeers...
Steve Johnson
Forager
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