OCC Released their quarterly report on the banks – Q3-2021. I see Goldman is still incredibly overleveraged…

by  laflammaster Keeping it up at 125:1. Q2-2021 > 136:1, raising assets by ~$36B, and increasing their derivatives by ~$500B. https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr2-2021.pdf   https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2021.pdf

Report: High-ranking D.C. cops, including current chief, helped criminal officers keep their jobs

A group of high ranking Washington, D.C., police officers, including the current chief, shielded 21 officers from termination for criminal misconduct, according to an investigation conducted by Reveal and WAMU/DCist. Reveal‘s report is based on internal documents obtained from a ransomware attack that, according to The Associated …

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Biden’s Colonoscopy Report…

A “benign appearing” polyp removed during the president’s colonoscopy this month was examined and found to be benign but “potentially pre-cancerous,” per a note released by the White House. It recommends monitoring it and following up typically in 7-10 years. …

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I think OCC’s report provides an expectation for a +100bps (+1%) interest rate hike. All of their models showing smallest largest losses for banks will occur when +1% increase in interest rates. Except for the big boys with >$10B, which would lose less with +300bps (+3%) in interest rate.

by laflammaster Caption: All Banks https://www.occ.gov/publications-and-… Caption: <100M in assets https://www.occ.gov/publications-and-… Caption: >=$100M, <$250M https://www.occ.gov/publications-and-… Caption: >=$250M, <$500M https://www.occ.gov/publications-and-… Caption: >=$500M, <$1B https://www.occ.gov/publications-and-… Caption: >=$1B, <$10B https://www.occ.gov/publications-and-… Caption: >$10B https://www.occ.gov/publications-and-… Caption: National Banks https://www.occ.gov/publications-and-… Caption: Stock FSAs https://www.occ.gov/publications-and-… Caption: Mutual FSAs …

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Biden Releases New Jobs Report, There’s Just One Thing Wrong With It

https://www.youtube.com/watch?v=RxxM5U2bNyU Leah Barkoukis from Townhall reports, After a two-month slump, Friday’s jobs report was a positive step for the U.S. economy, with 531,000 jobs added in October. The unemployment rate dropped from 4.8 percent to 4.6 percent. Read More/Source/Credit/FairUse: https://townhall.com/tipsheet/leahbarkoukis/2021/11/05/jobs-report-n2598630