The Bull Case for Large Banks
If you believe that there is no recession coming in 2025, what is the logical response from an informed investment professional?
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The Institutional Risk Analyst
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Banks | Markets | Finance
R. Christopher Whalen
Aug 136 min
Bank of Nova Scotia + KeyCorp = ??
If you were really, REALLY going to do mortgage warehouse lending in today's market, KEY would be the better platform, not BNS.
543 views
R. Christopher Whalen
Jul 278 min
Update: New York Community Bank & Mr. Cooper
Joe Otting does not seem to understand the value of the Flagstar correspondent lending and mortgage servicing business...
624 views
R. Christopher Whalen
May 206 min
Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
972 views
R. Christopher Whalen
May 157 min
The Bull Case for Large Banks
Big banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?
562 views
R. Christopher Whalen
May 137 min
Yellen FSOC Punts on Mortgage Servicers; WGA Bottom 25 Banks
Are there bank bargains down in the cellar waiting to be discovered?
907 views
R. Christopher Whalen
Apr 159 min
Zombie Banks & Budget Deficits
The fixation with the idea of resolving large zombie banks without public expense is evidence of our collective delusion.Â
839 views
R. Christopher Whalen
Apr 77 min
A Rising Floor on Interest Rates? | Update: Bank OZK
Only in the strange confines of Washington do you still find people who think that the federal budget deficit is not a problem.
1,049 views
R. Christopher Whalen
Apr 14 min
Big Banks Good, Small Banks Bad
Based upon the three-month returns through the end of Q1 2024, NYCB ranked at the bottom of the 108 public banks in Peer Group 1.
770 views
R. Christopher Whalen
Mar 197 min
Top-Five Banks: Q1 '24 Earnings Setup
We see higher credit costs, narrowing NIM and still rising funding costs squeezing the banking industry in Q1 2024...
586 views
R. Christopher Whalen
Mar 187 min
Mnuchin Brings More Questions Than Answers at NYCB
If Mr. Otting et al do try to execute a community bank redux in the New York market, then we'd be inclined to exit the stock.
1,249 views
R. Christopher Whalen
Mar 67 min
Does Kathy Hochul Have a New York Community Bank Endgame?
FDIC Chairman Gruenberg ought to tell New York State to take over the rent controlled loans from Signature, NYCB and other lenders...
2,009 views1 comment
R. Christopher Whalen
Mar 46 min
Should FOMC Members Avoid the Media? The WGA Top 100 Banks
More often than not, Fed Governors use media appearances to enhance their personal celebrity rather than doing their jobs.
592 views
R. Christopher Whalen
Feb 186 min
Home Mortgage Rates Falling? Really?
If President Trump starts talking about fixing the federal budget deficit and redeveloping moribund urban real estate, he’d win in November
1,502 views
R. Christopher Whalen
Feb 1311 min
Should We Resurrect the Reconstruction Finance Corporation?
We can all pretend that the collapse of valuations for many commercial and multifamily properties is not a major problem. Or we can act now
1,528 views
R. Christopher Whalen
Feb 87 min
Fear & Loathing in Credit; Update: PayPal Holdings
We think that the whole banking industry could be driven into multiple periods of loss as they divert income to loss provisions.Â
908 views
R. Christopher Whalen
Feb 17 min
NYCB Cleans House Badly, NAIC Gives Insurers Pass on Realized Losses
Sad to say, the business at NYCB is doing better than you'd think reading the bank's absurd disclosure.
1,893 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
Oct 26, 20239 min
Interest Rates, Fintech & MSRs
Regulatory skepticism about mortgage assets could effect financing rates for lenders, which means higher mortgage rates for consumers.
528 views
R. Christopher Whalen
Sep 1, 20236 min
Winter is Coming in Bank Credit
If a bank has 6% debt to assets, what is the equity of the parent BHC worth?
1,160 views
Christopher Whalen
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