US banks grow assets beneath regulatory radar

17 April 2018BanksBank of America, Citigroup, JP Morgan, Wells FargoNick Dunbar

Since adopting Basel III reporting standards three years ago, the biggest US banks have started reducing risk weights while increasing lending. Is this a reflection of a healthy US economy or European-style gaming of internal models?

High yield’s retrenchment

21 December 2015Credit, MarketsCitigroup, commodity risk, credit, credit derivatives, ETFs, High yield - US, lending, Markit iBoxx $ Liquid High Yield indexNick Dunbar

There have been plenty of words written about the high-yield corporate bond market in the last week, but sometimes a chart expresses things better than words.

Liquidity as myth

12 February 2009ArticlesCitigroup, Euro MTS, FSA, liquidity, Risk FinanceNick Dunbar

Risky Finance 21 March 2005 Proteus was a Greek mythological sea-god who was so slippery he could change into any shape he chose. There is no more protean word in finance than liquidity. For some, the word denotes the excess of cash currently chasing meagre market returns, For others, the word has a Keynesian meaning:…