Chris Whalen: Higher For Longer Interest Rate Regime Is Bad For Banks

Published: April 21, 2024, 8:03 p.m.

b'Forward Guidance is sponsored by VanEck.\\n\\nLearn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.\\n\\nVanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus.\\n__\\nFollow Chris Whalen on Twitter https://twitter.com/rcwhalen\\nFollow VanEck on Twitter https://twitter.com/vaneck_us\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n__\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.\\n\\nTimestamps\\n(00:00) Introduction\\n(00:37) Banking Net Interest Income Is "Flat To Down"\\n(04:26) Commercial Real Estate (CRE)\\n(13:26) VanEck Ad\\n(14:26)\\n(17:31) Consumer Deposits Have Become "Toxic"\\n(20:07) Schwab\\n(22:15) Chris Expects Mid-Size Banks To "Do Better Than The Big Guys" Next Year\\n(24:43) If There\'s No Recession, Are Bank Stocks Still Cheap?\\n(27:41) Higher For Longer Will Continue To Be Bad For Banks\' Core Business of Taking Deposits And Making Loans\\n(30:19) Bank of America Should Be "Spanked"\\n(32:59) Only A Few Fed Cuts Are Needed To Improve Banks\' Position\\n(35:13) Consumer Credit Continues To Be Fine ("Not Even At 2019 Levels")\\n(37:10) Credit Risk Issues For Banks Are Primarily In CRE\\n(38:12) New York Community Bank'