Fed’s Post-QT Pivot: +$275B Treasuries, -$191B MBS YoY
Six months after the Fed ended balance sheet runoff, its portfolio shows a clean pivot: Treasury holdings up $275B YoY, agency MBS down $191B.
Banking & Finance
All 32 Banks Pass Fed 2026 Stress Test in $708B Scenario
Fed’s 2026 DFAST: all 32 large U.S. banks would survive a severe recession, absorbing $708B in losses while staying above CET1 minimums. Key numbers inside.
Mercury Raises $200M at $5.2B, Bids to Be a Real Bank
Mercury’s $200M Series D at a $5.2B valuation, led by TCV, signals fintech’s funding recovery as the startup pursues a U.S. national bank charter.