Toy Chart of the Day: GS and MS Trading Revenues and Risk
Strong earnings from Morgan Stanley today, with a top-line beat and lots of positive commentary on the call about converting their Mitsubishi preferred shares and gaining recognition in trading...
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Morgan Stanley Now 23% Safer
A value-at-risk model basically works like this. You have some stuff, which is worth X today. Tomorrow it will be worth X + Y, where Y ranges from more or less negative infinity to positive infinity. Y...
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Banks’ Risk Measurements Rarely Off By Much More Than A Factor Of Ten
Banks are opaque, or so I hear, and so the only way many people can stand to be around them is if they can have some sort of number to serve as a flashlight into all that opacity. One of the big...
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Fed Kicks Off Awkward Week For Banks
One of the nice things about last year’s Fed bank stress tests was that they were released, and everyone was like “OMG Citi failed!!,” and then we all calmed down and realized that all that meant was...
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