Banks – Credit Cost Delta
There is a major credit cost improvement across many banks globally during 2Q20. This is likely driven by improved credit modeling for defaults and...
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US Banks – Beware of Subprime, Again
We are especially concerned with subprime loans. Many people turn to subprime loans, as they have poor credit history, low FICO scores, limited...
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US Banks – The Purge
We have seen periods of high bad loans in the US, sometimes for consumer loans, other times for corporate loans. This time, it can be both at the...
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Why Are Major U.S. Companies Suspending Their Share Buyback Programs?
“Any public company that receives a bailout or significant funding should not be allowed, by law, to do stock buybacks EVER AGAIN as part of their...
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US Credit Cycle – Revealing Frailties
Visible signs are increasing of risks in the US credit market, and especially in the consumer segment. The latest data points are from Santander...
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