{"id":"93d7be41269ac0f37cd94ba1f9c26fac1753f0db2c0aacadf637221df717913c","title":"Crosignani, Eisenbach, and Fringuellotti assess bank vulnerability for Liberty Street Economics","argument":"The post, published November 4, 2025, by Matteo Crosignani, Thomas Eisenbach, and Fulvia Fringuellotti, updates four measures of U.S. banking-system vulnerability using regulatory data through 2025:Q2. The measures examine capital, fire-sale, liquidity, and run vulnerabilities, including how they may interact to amplify negative shocks. The authors report a mixed picture: all measures are below the levels seen before the 2008–09 financial crisis, but some are above the lower levels reached between 2015 and 2020. Capital measures have been stable or improved over the last four quarters. The fire-sale measure is roughly level with the previous annual update, while liquidity stress is somewhat higher and run vulnerability is at similar levels. 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