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Homeinvestments

Banks can’t hide from the pain of underwater bond investments

29 November 2022Banks, Risk CommentaryAccounting, government bonds, interest rate risk, investments, mortgage-backed securitiesNick Dunbar

The biggest US banks amassed $2.2 trillion of government and mortgage bond investments, but now the portfolios are underwater and banks must hold them to avoid recording losses. This will have a lasting effect on deposits and the impact of Fed policy.

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Labour’s local debt penalty

12 November 2019Municipal Financeinvestments, LOBOs, local governmentNick Dunbar

The UK’s political divisions are mirrored in the debt exposures of local authorities. Central government action may be increasing the divide.

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