US Banks Stress Test
IF a severe recession hits, how would the US banks fare? Based on the stress testing of the 23 large US banks, they have enough capital...
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Frank Tian
Jun 28, 20231 min
Auto Loan Update
🚗 How is the auto loan doing in 2023 so far? Everything is up. 🟦 Auto Price Up The new car price index continues to climb in May, ...
Frank Tian
May 23, 20231 min
Canadian Banks Q2 Reserve Update
🇨🇦 Banks Q2 Reports Another quarter with a modest reserve increase. In Q2 (ending Apr), the collective reserves of the big 5 Canadian...
Frank Tian
May 15, 20231 min
US Q1 Consumer Credit Update
With the banking crisis in March, How is US consumer credit doing? Here is the Q1 ‘23 Fed report: 👇 Quarterly debt growth slowed to...
Frank Tian
Mar 13, 20231 min
🇨🇦 Bank Reserves
The 3-year Pandemic Journey 🇨🇦 Bank Reserves Big 5 Canadian banks started the 1st quarter in fiscal year ‘23 with another allowance...
Frank Tian
Mar 4, 20232 min
BNPL Regulation Update
BNPL - Latest Regulatory Actions 🇺🇸 Another Report from CFPB CFPB released its analysis of BNPL customers’ credit profile, based on a...
Frank Tian
Feb 20, 20231 min
Q4 '22 Fed Household Credit Report
2022 saw the fastest rate hike. How is US consumer credit doing? Here is the latest Fed report: 👇 US household debt up $394 billion in...
Frank Tian
Feb 8, 20231 min
💳 What happened after I got a CLD …
Last year, one of my credit cards received a 60% credit line decrease (CLD). It is understandable as issuers reduce exposure on long-term...
Frank Tian
Jan 27, 20231 min
💳 4 Reasons Credit Card Numbers Still Strong
Despite the gloomy headlines, US consumers are unfazed to pull out their cards. In the most recent financial quarter, 👉 Visa credit...
Frank Tian
Jan 15, 20231 min
🚨 US Banks Accelerated Reserve Building.
But it is not as bad as it sounds. The top 4 US banks accelerated their reserve building in Q4 ‘22: +$2.9B, or +4.4% Q/Q. This is the 3rd...
Frank Tian
Jan 13, 20231 min
🇨🇦 OSFI to Tighten Mortgage Lending 🏠
In the face of the rising risk in the mortgage market, the Canadian financial regulator OSFI is soliciting feedback on more restrictive...
Frank Tian
Jan 11, 20231 min
💰 Review Your Product Limit Cap
The latest US inflation number is out. It is in the right downward direction but still high. Latest 12-month inflation readings: 🇺🇸 US...
Frank Tian
Jan 7, 20231 min
📂 “Where can I find that document?”
Did you ask this question in the past few weeks, hoping that your colleague was still in the office? Or did you get asked about this...
Frank Tian
Dec 10, 20221 min
Canadian Banks Up Q4 '22 Reserve
🇨🇦 Big 5 Banks wraps up fiscal year ‘22 With a meaningful allowance Increase. In Q4 (ending Oct), the collective reserves are up 5.9%...
Frank Tian
Nov 25, 20221 min
Canadians Reaching Tigger Rate
Canadians heard the mortgage trigger rate a lot. How many mortgages have reached that? The answer from the Bank of Canada 👇 Out of a...
Frank Tian
Nov 16, 20221 min
US Q3 Update
Q3 saw fast rate hikes and an uncertain future. How is the US household credit doing? Here is the latest Fed report: 👇 US household debt...
Frank Tian
Nov 6, 20222 min
🏠 Higher Rate to Trigger Rate
🟧 Higher Rate - To Be Higher Bank of Canada (BoC) raised the rate by another 50 bps in Oct - the cumulative hike is 350 bps this year....
Frank Tian
Oct 19, 20221 min
US Bank Q3 Mortgage
🏠 Interest Rate Dampens Mortgage Activity The Q3 earnings reports show the impact of the fast interest rate hike. Q3 ‘22 mortgage...
Frank Tian
Oct 17, 20221 min
US Banks Q3 '22 Reserves
Even with the upcoming recession becoming more certain, it is probably a mild one - according to big banks’ reserve change in Q3. The...
Frank Tian
Sep 29, 20221 min
🎉 Apple No Show at BNPL Party
Apple Pay Later was nowhere to see in the iOS 16 release. When can you see it? Apple: Later. Why the delay? Per Mark Gurman from...
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