rcwhalen's blog

rcwhalen's picture

The Fed has never met a large bank merger that it did not like and has never been willing to deny such an application by a bank holding company, especialy a BHC that houses a primary dealer. 

rcwhalen's picture

The departure of Vikram Pandit as CEO of Citigroup (C) should come as a relief to the markets, regulators and customers – indeed, just about everybody besides the volatility junkies who like to trade this very liquid, very unstable stock.

rcwhalen's picture

Reports that the housing sector is recovering has generated more than a little irrational exuberance among investors regarding financials.