Sat.Dec 16, 2023

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How Did Your ALCO Model Hold Up?

Jeff For Banks

My firm did a sample data run for a client that included all commercial banks in NY, NJ, PA, and MD between $500 million and $1.5 billion in total assets to see how various banks did in balance sheet and income statement ratios during the course of the Fed tightening run from year end 2021 until the third quarter 2023. Some interesting insights relating to their 1-year cumulative repricing gap that the banks reported on their call reports: At 12/31/21, of the 68 banks that met the criteria, only

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Cambridge University reportedly could drop Barclays in favour of greener bank

TheGuardian

UK lender is a major European funder of oil and gas projects and university has said it does not want to back fossil fuel expansion Cambridge University could cut ties with Barclays after more than 200 years over the bank’s refusal to stop financing new oil and gas projects, according to the Financial Times. It reported that Cambridge is looking for an institution with robust climate policies to manage “several hundred million pounds” in cash and money market funds – a mandate expected to cover

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