The Institutional Risk Analyst

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a day ago
6 min

Anti-Money Laundering, Know Your Customer and the End of Offshore Crypto

Could the tether market and a small, little-known private bank in the Bahamas be the precursor of the next systemic market event in the US?

351 views

R. Christopher Whalen

5 days ago
5 min

Profile: Bank of America (BAC)

BAC is the worst performing bank in the top-five US commercial banks and often underperforms the average for Peer Group 1.

196 views

GNMA Issuer Rule Threatens Government Market

R. Christopher Whalen

Jul 19
7 min

GNMA Issuer Rule Threatens Government Market

This rule could cost literally tens of billions in losses to banks and nonbanks alike...

1,572 views

R. Christopher Whalen

Jul 15
5 min

Profile: Wise Ltd (LSE:WISE)

WISE is a play on the relentless advance of technology that lowers costs and eventually forces change in the legacy world of banking and pay

306 views

Q2 2021 Bank Earnings Setup | GS, JPM, FRC | NIM Lower for Longer

R. Christopher Whalen

Jul 12
3 min

Q2 2021 Bank Earnings Setup | GS, JPM, FRC | NIM Lower for Longer

Cheap liquidity c/o the FOMC does little for bank earnings when asset returns are also falling

418 views

R. Christopher Whalen

Jul 6
6 min

Jay Powell Defends the Lower Bound

We anticipate a shift in deposits out of banks and into the Fed that could further complicate liquidity in Q3 2021.

582 views

R. Christopher Whalen

Jun 30
7 min

Profile: Blend Labs, Inc ("BLND")

Is BLND worth more than RKT, or entrenched data monopolies and solution providers such as BKI or even CLGX?

729 views

Fed Hikes Rates, Rescues Money Market Funds

R. Christopher Whalen

Jun 28
5 min

Fed Hikes Rates, Rescues Money Market Funds

When you hear people talking about the Fed tapering QE next year, you know they are behind the proverbial curve.

846 views

R. Christopher Whalen

Jun 21
4 min

Juneteenth and Wall Street

The big banks in Boston, New York and London did not support “Lincoln’s War”

361 views

Upstart Holdings: Victory for AI? Or Not...

R. Christopher Whalen

Jun 17
9 min

Upstart Holdings: Victory for AI? Or Not...

While the progress in machine learning is impressive, horsepower in terms of computational capacity does not translate into intelligence.

403 views

BIS Says "No Thanks" to Bitcoin for Payments

R. Christopher Whalen

Jun 14
5 min

BIS Says "No Thanks" to Bitcoin for Payments

The BIS is essentially saying to the banking industry that bitcoin is not a permitted asset for depositories. Adios bitcoin!

1,429 views

R. Christopher Whalen

Jun 8
7 min

Icons of Meme Investing

Fed Chairman Jay Powell effectively is short an equity put option to the world...

538 views

The IRA Bank Book Q2 2021: Lower Earnings Ahead

R. Christopher Whalen

Jun 3
10 min

The IRA Bank Book Q2 2021: Lower Earnings Ahead

If you back reserve releases out of Q1 2021 bank results, revenues and earnings were down and trend is headed lower due to QE

332 views

R. Christopher Whalen

Jun 1
4 min

Lee Adler: Banks Are As Fragile As Ever

Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over....

862 views

Update: Rising Interest Rates & Mortgage Servicing

R. Christopher Whalen

May 25
5 min

Update: Rising Interest Rates & Mortgage Servicing

The Fed’s chief concern is keeping the Treasury debt market open and functional. Liquidity includes cash and risk-free collateral...

634 views

Fed Prepares to Go Direct with Liquidity

R. Christopher Whalen

May 21
5 min

Fed Prepares to Go Direct with Liquidity

Why did the Fed feel the need to absorb $351 billion in cash yesterday via reverse repurchase (RRP) transactions?

6,636 views

R. Christopher Whalen

Apr 22
6 min

Citigroup: Breaking Up is Hard to Do

Citi has drifted through years of government ownership and weak leadership by the board of directors

309 views

The Interview: Nom de Plumber on Forbearance Risk

R. Christopher Whalen

Apr 19
5 min

The Interview: Nom de Plumber on Forbearance Risk

Sooner or later someone has to eat those forgone cash flow losses....

899 views

Forbearance, Shrinking NIM & Prepayments Menace US Financials