R. Christopher WhalenJan 33 minComments on Basel III EndgameThe Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk
R. Christopher WhalenDec 31, 20237 minEnd of Fintech? Biden GSE Release? Is AFRM maturing from a hot new fintech entrant to a familiar face headed for a bank license?? Yikes.
R. Christopher WhalenDec 21, 20237 minUpdate: Citigroup Fights for CredibilityCitigroup picked up almost 10 points of book value since the end of Q3 2023.
R. Christopher WhalenDec 8, 20234 minStocks, Interest Rates and Reverse RPsSimply stated, with T-bills trading significantly above the yield on RRPs, there is no reason for MMFs to leave cash at the Fed
R. Christopher WhalenNov 8, 20235 minUpdate: Bank of AmericaIf you conduct a fire sale analysis of BAC's balance sheet as of Q3 2023, the result more than wipes out the bank's tangible equity