Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley lagged behind peers in a key measure of capital strength used by U.S. regulators to stress- test their resiliency in a severe recession.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon will probably be pressed by analysts this week over whether money-losing bets by the bank’s chief investment office were really intended as hedges, said Tangent Capital Partners LLC’s Christopher Whalen.
Wall Street banks are creating the “next investment bubble” by selling opaque and unregulated structured notes to investors hunting for yield, according to Christopher Whalen , managing director of Institutional Risk Analytics.
Oct. 16 (Bloomberg) -- Christopher Whalen, managing director at Institutional Risk Analytics, discusses the "disorderly" process and timing of Citigroup CEO Vikram Pandit stepping down. He speaks on Bloomberg Television's "In The Loop."
Oct. 16 (Bloomberg) -- Christopher Whalen, a senior managing director at Tangent Capital Partners LLC, talks about the departure of Citigroup Inc. Chief executive Officer Vikram Pandit and the outlook for the firm. Whalen speaks with Deirdre Bolton, Peter Cook, Erik Schatzker and Dominic Chu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Paulson & Co., the world’s third- largest manager of hedge funds, may face civil litigation for its role in the collateralized debt obligations that led to the fraud charges against Goldman Sachs Group Inc., according to Christopher Whalen.
Oct. 16 (Bloomberg) -- Citigroup CEO Vikram Pandit, who led the bank through its government rescue, stepped down and will be replaced by Michael Corbat. Institutional Risk Analytics Christopher Whalen speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Christopher Whalen, founder of Institutional Risk Analytics, says the Bank Holding Act "will be repealed." Whalen talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."