banks

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