TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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June 4, 2024
Source: Yahoo Finance
Credit and Market Risk Menace Banks
BRIARCLIFF MANOR, N.Y., June 4, 2024 (Newswire.com) - Whalen Global Advisors LLC (WGA) has published the latest edition of The IRA Bank Book for Q2 2024. The quarterly outlook for the US banking industry features more than 30 Pages of charts and commentary about the financial condition of the sector. The highlights of the new report include:
- A discussion of the composition of industry revenue and earnings, and the outlook for Q2 2024. Net interest margin fell yet again in Q1 2024, the report notes, but a strong rebound in fee income pushed overall results higher in Q1 vs Q4 2023.
- New charts showing the different components of commercial real estate (CRE) loans and related data series including delinquency, net loss and loss-given-default. The report notes that loss severities in multifamily loans are leading the other sectors higher. Loss rates on all CRE loan categories are above levels of a decade ago and rising.
- The report also highlights the huge amount of duration risk that remains hidden on the books of US banks because of the industry trend since 2008 to retain securities in “held to maturity” instead of available for sale.
“In 2008, most bank securities were AFS and marked to fair-value daily,” notes WGA Chairman Christopher Whalen. “Today, most bank securities are booked unhedged in held- to-maturity (aka ‘hide the duration’). The unrealized losses on COVID era securities remain a huge problem for banks large and small, especially if long-term interest rates rise back to Q3 2023 levels or above. If interest rates rise from current levels, then bank solvency again becomes an issue and may cause increased market volatility.”
Copies of the WGA report are available to subscribers to the Premium Service of The Institutional Risk Analyst. Stand alone copies of the report are also available for purchase in our online store. Media wishing to receive a courtesy copy of the report please email us: info@rcwhalen.com
About Whalen Global Advisors LLC
Whalen Global Advisors LLC is a New York-based consulting, publishing and financial analytics firm. We publish The Institutional Risk Analyst newsletter (ISSN 2692-1812), The IRA Bank Book (ISBN 978-0-692-09756-4) industry quarterly review, and the WGA Bank Top Indices. For more information, please contact us: info@rcwhalen.com
For official press release, please click here.
