Q1 2023 Bank Earnings: Lower for Longer | JPM USB C WFC BAC
Given that the US Treasury is paying 4% for 90-day T-bills, you can see how far banks have to go to become competitive on rates
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The Institutional Risk Analyst
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Banks | Markets | Fintech
R. Christopher Whalen
- Mar 26
- 10 min
Update: New York Community Bank
We liked the NYCB + Flagstar story prior to the transaction with the FDIC for the assets and deposits of Signature Bank.
1,130 views
R. Christopher Whalen
- Mar 23
- 6 min
FOMC Doubles Down on Market Risk
Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell are another bank failure or two away from returning to the private sector.
2,898 views
R. Christopher Whalen
- Mar 14
- 8 min
QE & the Yellen Banking Crisis
By any reasonable standard, Janet Yellen should have already resigned, but not in the strange world of Washington.
3,141 views
R. Christopher Whalen
- Jan 25
- 8 min
Silvergate, Reverse RPs and the “Theology of Prosperity”
Crypto, of course, is not an asset as much as a bad idea that was given life by Quantitative Easing
853 views
R. Christopher Whalen
- Nov 10, 2022
- 5 min
Update: Crypto Fraud Crumbles as Bank Stocks Surge
Crypto has gone from a sort-of juiced up equity strategy to a distressed credit story in just hours.
439 views
R. Christopher Whalen
- Jul 19, 2022
- 6 min
Interest Rates & Bank Earnings
The good news for BAC and other banks is that there is a discernable lift underway on the yield of bank balance sheets
349 views
R. Christopher Whalen
- Jul 13, 2022
- 4 min
Update: Ally Financial (ALLY)
The 5-year CDS spreads for ALLY were trading 280bp over the swaps curve compared with 120bp for Citigroup (C) & 150bp for CapitalOne
451 views
R. Christopher Whalen
- Jun 15, 2022
- 5 min
Update: US Banks Post-QE
Even as the FOMC raises interest rates, we caution our readers to be prepared for disappointment from banks near term
407 views
R. Christopher Whalen
- Oct 22, 2021
- 5 min
Profile: Western Alliance Bancorp (WAL)
WAL is one the best performing small banks in the US based upon equity market valuations, profits and growth rates
221 views
Christopher Whalen
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