In the 2002 movie “Catch Me If You Can”, Leonardo DiCaprio played a top con man who defrauded many banks with fake checks - that was in...

Had SVB not failed, nobody would notice the absence of their top risk manager in 2022. This perfectly illustrates the role of risk and...

At the height of the 2008 Great Financial Crisis, I learned the following from a Chief Risk Officer. The recession is a good time to test...

Bank Failure, The Pandemic, and One Personal Lesson March is never a dull month. Three US banks collapsed in one week. Who would have...

I was surprised to realize the SVB event had reached beyond the banking/tech world, Arriving at my family dinner table last night. My...

Last year, one of my credit cards received a 60% credit line decrease (CLD). It is understandable as issuers reduce exposure on long-term...

The latest US inflation number is out. It is in the right downward direction but still high. Latest 12-month inflation readings: 🇺🇸 US...

Did you ask this question in the past few weeks, hoping that your colleague was still in the office? Or did you get asked about this...

Big 5 banks’ Q4 earnings reports are out. Here is an update of the mortgage book. 👇 It is a very Rough estimate, as each bank reports...

Canadians heard the mortgage trigger rate a lot. How many mortgages have reached that? The answer from the Bank of Canada 👇 Out of a...

This hasn’t happened in years. I actually got multiple line increases in the last 3 years. Is it a sign of a change in overall consumer...

🇺🇸 Fed’s Unemployment Rate Forecast And its implication for consumer credit risk. 👇 When Fed hiked the rate by another 75 bps on 9/21,...

One major Canadian telecommunication company has had a massive outage across the country since this morning. It impacts a wide range of...

The fear of recession quickly spreads in the last 3 months. Meanwhile, the consumer credit loss rate is still historically low. How to...

US inflation reached a new 40-year high at 8.6% in May. How could the policymaker manage inflation differently? Why not look at the risk...

Your model is complicated, But you still need to explain it. That is the latest reminder from CFPB. ECOA mandates lenders to explain...

Given the rapidly shifting market lately, I couldn’t help thinking about the words I heard back in 2008, From the CRO of a large US...