2min chapter

Forward Guidance cover image

Chris Whalen on Big Bank Earnings and the Return of Credit Risk

Forward Guidance

CHAPTER

Capital One's Position in the Credit Card Business

The credit card business is a very much capital markets, mark to market every day kind of business. It's not like the lending business at say, back in America where they keep 30 year mortgages forever. They literally make the mortgage and just stick it to portfolio. Keep it. No hedging, by the way, why? And that's a very different world from a bank that has to be cognizant of market rates.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode