Vanguard & Black Rock Control JP Morgan? | PNC & United Wholesale Mortgage
BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...
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The Institutional Risk Analyst
© 2003-2024 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
Mar 137 min
Inside the WGA Bank Top 10 Index
So what makes the WGA Bank Top 10 unique? Below we provide some quantitative and qualitative comments on each of the ten best US banks
606 views
R. Christopher Whalen
Feb 255 min
WGA Releases Top 50 Bank Index | What's in Your ETF?
Not all banks or companies are the same and not all follow the herd.
1,109 views
R. Christopher Whalen
Feb 214 min
Does CapitalOne + Discover Financial = Shareholder Value?
Elizabeth Warren and progressives in Congress should support COF's purchase of Discover as a way to compete with monopoly JPMorgan
487 views
R. Christopher Whalen
Jan 249 min
Interview: Bill Kennedy of RiskBridge Advisors
Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.
787 views
R. Christopher Whalen
Jan 187 min
Banks Slow Walk Commercial Real Estate Losses
As reflected in the valuations for JPM, WFC and BXMT, institutional investors are still not that concerned about commercial real est losses
762 views
R. Christopher Whalen
Jan 33 min
Comments on Basel III Endgame
The Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk
725 views
R. Christopher Whalen
Dec 8, 20234 min
Stocks, Interest Rates and Reverse RPs
Simply stated, with T-bills trading significantly above the yield on RRPs, there is no reason for MMFs to leave cash at the Fed
707 views
R. Christopher Whalen
Nov 27, 20236 min
The Moral Hazard of Jerome Powell
Instead of seeking authority from Congress, Chairman Bernanke and other members of the FOMC merely turned on the public spigot.
1,731 views
R. Christopher Whalen
Nov 20, 20236 min
Yield Curve Normalization Good for Banks?
We think that doing nothing is a fool’s trade, to be blunt, because the next Treasury refunding could pull market yields sharply higher.
1,040 views
R. Christopher Whalen
Nov 17, 20236 min
Recessions Signs in Texas & China
The mood in the Dallas mortgage community is subdued, much like the atmosphere after an especially good party.
535 views
R. Christopher Whalen
Sep 27, 20239 min
SoftBank as Systemic Event; Update: Charles Schwab & Co
The public behavior and decision-making processes of SoftBank suggest that the organization is in trouble.
1,278 views
R. Christopher Whalen
Sep 21, 20236 min
FSOC Frets About Nonbank Risk; Goldman Sachs Stepping Back?
GS has the weakest position in terms of funding of the top-ten banks and no real narrative for the business post-Marcus.
609 views
R. Christopher Whalen
Sep 11, 20233 min
Bank Industry Review & Survey Q3 2023
The US banking industry has seen now two consecutive down quarters for net income caused by the Fed’s massive open market operations
864 views
R. Christopher Whalen
Jul 25, 20235 min
Losses Mount Due to FOMC Policy "Tax"
Inflation is called a “hidden tax,” but lately the tax is not even barely concealed.
1,280 views
R. Christopher Whalen
Jul 11, 20234 min
Michael Barr's Capital Proposal Deliberately Misses the Point
The sad fact is that even with another 2% capital, most US banks are arguably insolvent thanks to the Fed “going big.”
1,170 views
R. Christopher Whalen
Jun 1, 20234 min
First Take on FDIC Bank Data
If we assume that asset returns will continue to rise, but that bank funding costs will rise 5x asset returns, then US banks have a problem
1,057 views
R. Christopher Whalen
May 29, 20237 min
Calculate the WAC of Bank of America
If you believe that the Fed is going to keep interest rates at or above current levels through to 2024, then we have a problem....
2,777 views
R. Christopher Whalen
May 23, 20237 min
PacWest Bancorp & Fed Hawks
To survive long-term, both WAL and PACW need to get that beta back down below 2 and closer to 1, but the hawks on the FOMC may not cooperate
2,431 views
R. Christopher Whalen
Apr 3, 20236 min
Update: Charles Schwab (SCHW); Sagent Presentation
Most major banks grew larger during quantitative easing. Now many of these banks will shrink in terms of assets and also earnings in Q1 2023
4,350 views
Christopher Whalen
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