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on Basel III EndgameThe Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk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 WhalenApr 12, 20238 minQ1 2023 Bank Earnings: Lower for Longer | JPM USB C WFC BACGiven 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
R. Christopher WhalenMar 26, 202310 minUpdate: New York Community BankWe liked the NYCB + Flagstar story prior to the transaction with the FDIC for the assets and deposits of Signature Bank.
R. Christopher WhalenMar 23, 20236 minFOMC Doubles Down on Market RiskTreasury Secretary Janet Yellen and Fed Chairman Jerome Powell are another bank failure or two away from returning to the private sector.
R. Christopher WhalenMar 14, 20238 minQE & the Yellen Banking Crisis By any reasonable standard, Janet Yellen should have already resigned, but not in the strange world of Washington.