Mayra Rodriguez Valladares

No time like the present! U.S. bank regulators should require robust climate change measurements and disclosures from all large and regional banks. Their safety and soundness is critical to the U.S. financial system.

The default rate this year has been rising both in high yield loans and leveraged loans. The 2022 leveraged loan default volume so far this year totals $22.2 billion, three time higher than the $6.3 billion at this time in 2021.

Bronx-raised Dr. Miriam Levitt Flisser was nominated by the Republican Party to run in New York’s Congressional District 16. Her photo would definitely appear under the term ‘Achieving the American Dream.’

The Office of the Comptroller is increasing its focus on climate change related risks at large banks. This includes bank examiners evaluating banks’ financial risk frameworks and their data and governance challenges.

The Federal Reserve Consumer Credit-G.19 report shows that U.S. consumer credit outstanding has reached historic levels; outstanding consumer credit is now at $4.7 trillion. This is a 90% rise from 2011.

Four of the United States’ largest globally systemically important banks (GSIBs) are reporting earnings this coming Friday, While net income could decline significantly, banks are well capitalized and liquid.

Thirty-one states do not have enough cash to pay their bills. To balance the budget as required by law in forty-nine states, elected officials have not included the true costs of the government in their budget calculations and have pushed costs onto future taxpayers.

With inflation at a 40-year high, investors are right in being passionate Fed watchers. I expect the Federal Reserve to raise rates by 50 to 75 basis points during its November meeting.

Americans received positive news yesterday that the rising rate of inflation is slowing down. Yet, the Federal Reserve will continue to raise rates in 2023.

JPMorgan’s and Deutsche Bank’s Epstein Victims Settlements are unlikely to teach banks the importance of operational risk management. The fines are not high enough.