net interest margins – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Low interest rates and banks’ net interest margins

A brief mental model for thinking about monetary policy and resource misallocation

Banks benefiting from “taper” on both sides of the balance sheet

Banks can benefit from steeping yield curve though headwinds remain

US small and medium-sized banks hit by interest rates

The Fed cannot support net interest margins

US regionals pressured on loan growth and net interest; European banks over-levered

Zero rates are now killing regional bank profits… as predicted

Daily: More on Ray Dalio and debt deflation

William White on Ultra Easy Monetary Policy and the Law of Unintended Consequences