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10min chapter
Chris Whalen: Banking System On “Knife’s Edge” As Fed “May Destroy The World”
Forward Guidance
Challenges and Outlook for Banks
This chapter explores the bearish outlook on banks, particularly JP Morgan and Goldman Sachs, and suggests alternatives like preferreds for exposure. The financial status of both banks is discussed, highlighting JP Morgan's small portfolio with high credit quality loans and Goldman Sachs' significant losses in consumer banking ventures. The chapter also delves into the challenges faced by City and Goldman Sachs, including low return on equity and the need to adapt to the changing market.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode