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2min chapter
Chris Whalen: Banking System On “Knife’s Edge” As Fed “May Destroy The World”
Forward Guidance
Comparing Schwab and Other Banks' Risks and Efficiency
This chapter highlights the risks associated with Schwab and contrasts it with other banks, emphasizing Schwab's strong financial position and small mortgage book. It also mentions the need for improvement in efficiency at banks like Bank of America and City, while applauding Jamie Diamond's success in managing expenses and generating strong earnings.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode