Signup: https://lnkd.in/e-ix8uYS The big Canadian banks continue to face a challenging operating environment affected by an uncertain macroeconomic outlook and a higher-for-longer interest rate environment, leading to elevated funding costs. Profitability continues to be pressured as credit quality deterioration progresses. While neutral rates positioning, capital strength and tight expense help banks weather macro and balance sheet headwinds, heightened regulatory capital requirements are expected for the banks going forward. Join Carl De Souza, SVP and Sector Lead, North American Financial Institution Ratings, Morningstar DBRS and Paul Gulberg, CFA, Senior Analyst and Team Leader, Bloomberg Intelligence in a fireside chat with BI credit analyst Himanshu Bakshi Agenda: 10:30 AM to 11:00 AM Registration 11:00 AM to 11:45 AM Fireside Chat and audience Q&A 11:45 AM to 1:00 PM Lunch and Networking #Bloomberg #Bloombergintelligence #DBRS #DBRSMorningstar #Canada #banks #financials #research #economy #creditresearch
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There's one week until Bloomberg's event "Sailing Through Uncertainty: Seeking Canadian Banks' Credit Cusp," a discussion on the challenging operating environment facing the big Canadian banks. Make sure you stop by to hear the perspective of Morningstar DBRS SVP and Sector Lead of North American Financial Institution Ratings, Carl De Souza, who will discuss the uncertain macroeconomic environment defined by high interest rates and elevated funding costs, and more. Get more information and register here: https://lnkd.in/gySrmkfj #Banking #FinancialInstitutions
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This chart shows data on reverse repurchase agreement transactions conducted by the Federal Reserve in temporary open market operations. We observe that the volume of reverse repos peaked in mid-2023 and has been on a declining trend since then. Reverse repos are short-term transactions between banks and other financial institutions with the central bank, used to influence liquidity in the market. A decrease in the volume of reverse repos could indicate that there’s more liquidity in the markets, suggesting financial institutions have less need for liquidity provision from the central bank. This reduction could also point to rising market interest rates or an overall improvement in financial conditions. For market participants, this means banks require less central bank support for short-term funding and can access more autonomous funding sources. Furthermore, the increase in reverse repo rates is a sign that the central bank may be trying to tighten monetary policy. Investors might expect the central bank to reduce liquidity to combat inflation and anticipate higher interest rates in the market. #marketing #markets #finance #financing #investments #investing #data #sustainability #climate #economy #bank BlackRock Blackstone Vanguard Bank of America Deutsche Bank UBS Investment Bank Goldman Sachs Investment Banking J.P. Morgan Private Bank The London School of Economics and Political Science (LSE)
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🚀 Thrilled 🚀 Wow! Regional banks have been making bold moves by increasing their investments in long-dated sovereign bonds since January. This trend has caught the attention of many analysts and experts in the financial industry. - I predict that this strategic shift by regional banks will have a positive impact on their investment portfolios in the long term. - The move towards long-dated sovereign bonds indicates a high level of confidence in the stability and growth potential of these instruments. - This shift highlights the banks' commitment to diversification and risk management, which is crucial for sustainable growth and resilience in the face of market fluctuations. - It will be interesting to observe how this trend evolves over the coming months and what it means for the overall financial landscape. Overall, this news signals a promising future for regional banks and showcases their proactive approach to navigating the complexities of the market. Cheers to bold strategies and smart investments! 🌟 #financialnews #investmentstrategies #regionalbanks 🚀📈
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John Aiken, analyst at Jefferies Financial Group, talks with the Financial Post’s Larysa Harapyn about Canada’s big six banks, the outlook for upcoming earnings, guidance for next year and why RBC and BMO stand out in the group. https://lnkd.in/dvjvUUdA
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In case you missed it, Morningstar DBRS SVP joined Bloomberg to share Canadian Banking perspectives: https://lnkd.in/eTmx2QfQ Be sure to view the recording of last month's Bloomberg event "Sailing Through Uncertainty: Seeking Canadian Banks' Credit Cusp," a discussion on the challenging operating environment facing the big Canadian banks. Morningstar DBRS SVP and Sector Lead of North American Financial Institution Ratings, Carl De Souza, joined the discussion to share his thoughts on the uncertain macroeconomic environment defined by high interest rates and elevated funding costs, and more. #Banking #FinancialInstitutions
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This week has been nothing short of a rollercoaster in the financial markets, with major economic events driving significant price action. Here’s a recap of what happened and what to watch next. ⬇Click below to read more about the week in review: https://bit.ly/3znN2ag #ATFX #ATFXConnect #WeekReview #CentralBanks #RBA #SNB #PCE Mario Soto
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Lloyds’ #CarlaAntunesdaSilva: How to manage risk to finance growth | #Capitalmarkets are crucial in helping firms to navigate the turbulent #geopolitical climate, acting as both a catalyst for growth and a long-term stabiliser to effectively handle challenges such as #currency risk, #interestrate fluctuations and the increasing cost of capital. In the first of our #EuromoneyMarketVoices series, the CEO of Lloyds Bank Corporate Markets explains how markets are adapting to the challenges of the new normal – and how #banks and #corporates can take advantage | Laurie McAughtry #Euromoney: 'Setting the benchmark for excellence across financial services' http://spr.ly/6048SOuV8
Lloyds’ Carla Antunes da Silva: How to manage risk to finance growth
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Excited to share that I have successfully completed the Bloomberg Market Concepts (BMC) certification. This comprehensive course has provided me with valuable insights into financial markets, economic indicators, fixed income, equities, and portfolio management. I gained a deeper understanding of how market dynamics work, the role of central banks in shaping economies, and how to interpret data for informed decision-making. This certification has not only enhanced my technical knowledge but also sharpened my analytical skills, preparing me for real-world financial challenges. Looking forward to leveraging these learnings in my professional journey! #Bloomberg #Finance #ContinuousLearning #ProfessionalGrowth #BMC #Equity
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As I was skimming through news articles this morning, a random thought/question crossed my mind that I'd like to share with you all. With passing time and growing financial literacy among individuals, there is a possibility of a significant shift towards alternative investment avenues like equities, mutual funds, gold, silver, real estate and commodities instead of traditional bank deposits, driven by the desire for higher returns. This shift could potentially impact banks' deposit bases, affecting their lending capabilities to some extent for sure. While raising interest rates on loans might seem like a solution, it could even dampen borrowing and spending. Despite putting in strategies like securitization and creating CDOs, CMOs, and RMBs or even slightly increasing deposit rates may help but banks might still face liquidity challenges in the long run. I'm curious to hear your thoughts on how banks can address these evolving dynamics and maintain stability in the face of ever changing market trends.
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EM Credit in a good shape The last couple of weeks have been relatively calm on the EM space in general. The main focus of the market has been on macro data coming from the US (mainly) and Europe, which came marginally below or in line with expectations and gave more confidence to market participants about the next moves of the Central Banks in terms of rates cuts (delayed and fewer than originally expected by the market, but and importantly further rate hikes were, at least for the time being, ruled out) . In this environment, both the EM sovereign and corporate aggregates performed positively. While it is true that spreads, both at the sovereign and corporate level, look tight when compared to recent history, overall yields are compelling and are starting to attract timid inflows in an asset class which witnessed heavy outflows during the past two years. It is indeed remarkable that the asset class manged to muddle through in the absence of inflows and faced with a primary market which, except for the current year, has been opened only for the better-quality issuers. Therefore, we think EM credit space looks interesting for investors looking for yield and carry and ready to withstand some inevitable volatility. Chart Credit: Morgan Stanley Credits: Credit Market Watch - Compass Asset Management SA #EMCredit #interestrates #Fed #Yield #fixedincome #creditmarketwatch
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