Articles by Louie Woodall
Deutsche Bank liquidity buffer shrinks €17bn
Clients’ clamour for cash forces bank to monetise liquidity pool
Covid relief frees €4.9bn of capital at Santander
Bank sees CET1 buffer climb to 272bp
XVAs take $346m bite out of HSBC’s trading profits
Derivatives valuation adjustment impact pushes trading profits down 49%
Bond embrace may help emerging markets withstand Covid-19
Annual growth rate of debt issued by non-bank borrowers averages 11%
Short-dated sterling swap volumes surge
On April 22, traded volumes were four times the two-year average
Funds piled into WTI futures in wild week for crude
Funds long 325 million barrels on April 21
US regional banks put $18bn aside for credit losses in Q1
Huntington, Citizens, Truist saw provisions increase over 400% on Q4 2019
Capital One triples loss allowances for oil and gas loans
Loss reserves up to almost 10% of total exposure
Credit Suisse takes $51m derivatives hedging loss
Net trading revenues down 47% on year-ago quarter
Capital One oil swaps waiver could haunt CFTC
Oil price collapse raises fresh questions about regulator’s justification for offering relief
EU market risk relief targets VAR measures
Dealers with a large percentage of their total capital set using value-at-risk stand to benefit most
Foreign banks’ EM exposure could spiral as Covid-19 bites – BIS
Activation of credit lines and guarantees could cause exposures to leap 26%
EU banks diversified sovereign holdings in 2019
Yet banks in peripheral eurozone countries still heavily exposed to home government risk
Covid loan losses exceed 2019 CCAR projections
CECL accounting likely responsible for discrepancy
At Bank of America, trading revenues get a $300m DVA boost
But credit and funding valuation adjustments deducted $492 million from other income
Systemic US banks put aside $25bn for credit losses in Q1
JP Morgan took a $8.3 billion provision, the most of the eight G-Sibs
Fed dominated MMF repo trades in March
FICC and BNP Paribas among other top repo counterparties
Output floor cliff edge effects threaten EU banks
Capital measure to have uneven impact across five-year phase-in
Citi, Goldman edge above Collins floor
Both banks’ risk-based capital requirements will be set using advanced approach
Goldman Sachs’ VAR hits five-year high
Higher market risk accompanied bumper trading revenues in Q1
Wells Fargo loan book swells $48bn in Q1
San Francisco-based bank clears space on balance sheet for increased lending
JP Morgan takes $951m XVA hit
Funding spread widening blamed for majority of Q1 hit
Many EU banks have dollar LCR shortfalls
Twenty-two surveyed banks had USD LCRs below 100% as of June 2019
CCPs built up liquidity buffers heading into 2020
LCH SA grew qualifying liquid resources 49% year on year