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The Institutional Risk Analyst
© 2003-2025 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
Oct 28, 20249 min read
Housing Finance Outlook; PennyMac, Mr. Cooper & NYCB/Flagstar
NYCB and the unsold rent-stabilized assets left over from the failure of SBNY are two little surprises waiting for the next POTUS.
731 views
R. Christopher Whalen
Oct 18, 20247 min read
Update: Citigroup, Bank America and Goldman Sachs
How is Goldman going to extricate itself from this profoundly unattractive business with AAPL without destroying Apple Card?
455 views
R. Christopher Whalen
Oct 1, 20246 min read
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?
606 views
R. Christopher Whalen
Aug 13, 20246 min read
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.
548 views
R. Christopher Whalen
Jul 27, 20248 min read
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...
630 views
R. Christopher Whalen
May 20, 20246 min read
Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
984 views
R. Christopher Whalen
May 15, 20247 min read
The Bull Case for Large Banks
Big banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?
564 views
R. Christopher Whalen
May 13, 20247 min read
Yellen FSOC Punts on Mortgage Servicers; WGA Bottom 25 Banks
Are there bank bargains down in the cellar waiting to be discovered?
909 views
R. Christopher Whalen
Apr 15, 20249 min read
Zombie Banks & Budget Deficits
The fixation with the idea of resolving large zombie banks without public expense is evidence of our collective delusion.Â
843 views
R. Christopher Whalen
Apr 7, 20247 min read
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 1, 20244 min read
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.
771 views
R. Christopher Whalen
Mar 19, 20247 min read
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 18, 20247 min read
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.
1,258 views
R. Christopher Whalen
Mar 6, 20247 min read
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...
2,016 views1 comment
R. Christopher Whalen
Mar 4, 20246 min read
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.
596 views
R. Christopher Whalen
Feb 18, 20246 min read
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
1,503 views
R. Christopher Whalen
Feb 13, 202411 min read
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
1,535 views
R. Christopher Whalen
Feb 8, 20247 min read
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
920 views
R. Christopher Whalen
Feb 1, 20247 min read
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.
1,901 views
R. Christopher Whalen
Dec 8, 20234 min read
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
Christopher Whalen
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