banks

The largest position in The Montgomery Fund portfolio, at almost eight per cent of the portfolio, is the Commonwealth Bank of Australia (ASX:CBA), purchased back when...

Resources and energy stocks are soaring, yet for some reason previously high-flying bank shares are falling. Why, and should you switch?

The rally in the ‘Big 4’ banks has been perplexing

Is the banking regulator ramping up bank leverage and risks faced by depositors to protect itself?

A surprising yet sensible proposal from the banking regulator, which will keep insurance hybrid securities in place

Delinquencies on non-bank loan deals are moving towards record highs

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...

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...

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

The presence of sustainably high returns on operating capital is one of the hallmarks of our team’s definition of quality.

But beware of falling into dividend traps (like the banks)

Analysis of the recent US bank turmoil indicates the issue is contained to smaller banks, which comprise less than 3% of the system.

Markets do not appear to be pricing in the risk of a substantial slow-down in bank bond issuance

As regulators guarantee the safety of banks, risks will shift into the non-bank lending domain.

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

Duration mismatch regularly causes some banks to fail. Matching the duration of short-term assets and liabilities will eliminatefailures.

With the industry in turmoil, we have been examining the triggers to measure risk levels across the global banking sector

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

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

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