An Embarrassment of Riches

Chris Whalen, chairman of Whalen Global Advisors, returns to Real Vision to analyze the challenges and opportunities presented by complexities in the banking sector. He argues that the compression of banks’ “spread” – the difference between the lending and borrowing rates – is pushing banks to rely on riskier income streams. Whalen is a firm believer in the earning power of high-margin businesses such as consumer finance and mortgage lending. After shedding light on the more arcane topics of high finance, Whalen discusses a few banks stocks he likes, as well as one he thinks is so inefficient at deploying capital that it “have no clear reason to exist.” Filmed on January 21, 2020, in New York.

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