Fifth Third, Flagstar EVE bets diverge in Q1
Comerica deal flips Fifth Third rate-risk profile
Two US regional banks reported sharp first-quarter shifts in their management of interest rate risk in the banking book (IRRBB), with their economic value of equity moving in opposite directions.
Fifth Third Bank became more exposed to falling rates, while the hit from rising rates eased. A 200-basis-point downward shock would have reduced its economic value of equity (EVE) by 4.3% at end-March
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