In today’s briefing:
- Fighting for the Soul of Crypto
- 90: Adventures In Accounting: Triumph Bancorp ($TBK) Charge-Off Analysis
Fighting for the Soul of Crypto
- FTX collapsed causing the crypto market to fall into shambles.
- FUD (Fear, uncertainty, and doubt) are spreading like wildfire throughout the industry and people have every right to be scared.
- The fallout of the FTX collapse will be the battle for the soul of crypto.
90: Adventures In Accounting: Triumph Bancorp ($TBK) Charge-Off Analysis
- Included in bank earnings is a provision for loan losses.
- In a perfect world, management would know exactly which loans would go bad and how much money they would lose on those loans.
- In reality, estimates are required. Like insurance companies, banks typically apply a statistical model based on the risk rating classification of their loan book plus any specific reserves.
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