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...

🚗 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, ...

The Fed has handed out 10 rate hikes, with a possible 11th next month. What are the effects of the fastest rate hikes, so far? [US Macro...

Chatbots have become popular in the financial industry - in 2022, almost 100 million people in the US or 37% of the population engaged...

On last Friday June 16th, 2023, the Canadian population reached 40 million. Contributing to this milestone was the birth of my...

🇺🇸 US CFPB recently reminded consumers that funds parked in payment apps are not subject to deposit insurance. The growth of non-bank...

On June 6th, The Fed, OCC, and FDIC jointly released an updated guideline for banks’ third party risk management. This has been highly...

Consumers hang in there while interest rate continues to pinch.

The Economist recently published a piece to highlight the resilience of credit cards in developed economies. In the US, the credit card...

📢 From public health to the economy, public officials are easy targets to blame. In the case of central bankers, one reason seems to be...

While some banks are collapsing, other aspiring institutions are eager to become banks. Why? When the 2008 Great Financial Crisis hit,...

CFPB reported the bank overdraft/NSF revenue down 48% in Q4 ‘22 vs. pre-pandemic in Q4 ‘19. That is about $5.5B in savings on an annual...

🇨🇦 CMHC recently highlighted the growing household debt vs. GDP in Canada. 75% of the debt are mortgages. Different from the 30-year...

A Quick Trip in Omaha. It has been 6 years since the last time I visited Omaha. The midwestern city has grown with new developments....

🇨🇦 Banks Q2 Reports Another quarter with a modest reserve increase. In Q2 (ending Apr), the collective reserves of the big 5 Canadian...

🇦🇺 Australia chose option 2 for BNPL regulation. As I was finalizing the presentation slides of BNPL, the news came in from the Down...

Back to Des Moines, Iowa today. It is the same quiet and calm place. Had dinner with fellow speakers and organizers for tomorrow's SAS...

“Can I pick your brain on something?“ I would love to help but often no time. Why not leverage Generative AI to make the knowledge...

With the banking crisis in March, How is US consumer credit doing? Here is the Q1 ‘23 Fed report: 👇 Quarterly debt growth slowed to...

If Forbes were to create a list of "90 Above 90", Buffett and Munger would be on it unanimously. On May 7, the 92 and 99 years young duo...