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Tabbush Report

Tabbush Report
Asian bank research, without the noise.

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Financials • Equity Bottom-Up • Thematic (Sector/Industry)
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•24 Nov 2025 11:11

US Banks - New HFD Shows Loans Accelerating Further at 5.22% YoY, Highest Pace in 2 Years

New weekly data from the Fed shows loans accelerating for US banks and with loan loss reserves still stable, suggesting strong credit market, overall.

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•20 Nov 2025 10:33

US Stock Market - US Banks Have Total Deposits of USD17.4tr, Which Was USD3-4tr ~30 Yrs Ago

USD18.4 trillion in bank deposits at US banks as at 5 November week. At start of this century, that was USD3.5 trillion. There is a lot of...

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•18 Nov 2025 09:32

US Banks - CP at +19% YoY, LDR Expansion Accelerates, Weekly Loans +5% YoY

High frequency data from Fed on commercial paper and balance sheets is positive. Loans are accelerating to 5% YoY and CP is at 19% YoY, with LDR...

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•12 Nov 2025 14:58

HSBC - Loss Loans up 7.5x from FY19 to 2Q25 in HKMA Industry Data. Hang Seng Bank Buyout, Now?

HSBC is increasing its investment in HSB as loss loan ratio is HK is rising by 7.5x from FY19 to 2Q25, and high growth in other buckets, makes...

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bearish•HSBC Holdings
•28 Oct 2025 13:22

HSBC - 3Q25 Results Are Out, Major Deterioration in Credit Metrics

With 3Q25 results out just over 1 hour ago, we can see clearly, major deterioration in credit metrics, especially stage 2 loans and relative growth...

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