One of the big macro questions is when will the US banking system run into the liquidity floor, requiring the Fed to end quantitative tightening? Due to current regulations and the "ample reserve" reg...
This is probably a dumb question, but I'm trying to grasp the mechanics. Why were larger banks hit harder in 2019? Higher rates drive down bond values, but that reduces the denominator. Was it primarily variance in assets between the two classes of banks? That's the story told for the recent regional crisis.
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