Richard Christopher Whalen is Senior Vice President and a Managing Director of IRA with responsibility for sales, marketing and business development. Chris is a general securities principal and has worked as an investment banker, research analyst and journalist for more than two decades.
After graduating from Villanova University in 1981, Chris worked for the U.S. House of Representatives and then as a management trainee at the Federal Reserve Bank of New York, where he worked in the bank supervision and foreign exchange departments. Chris subsequently worked in the fixed income department of Bear, Stearns & Co, in London. After returning to the U.S. in 1988, Chris spent a decade providing risk management and loan workout services to multinational companies and government agencies operating in Latin America. He provided due-diligence and credit workout services to a number of multinational clients operating in Mexico, including the Export-Import Bank of the US, Kroll Associates and Weyerhaeuser, and served as an adviser to the presidential campaign of Cuauhtémoc Cardenas Solórzano. In 1997, Chris returned to Wall Street, working as an investment banker in the M&A Group of Bear, Stearns & Co. and later Prudential Securities where he focused on the technology sector. He then served as the managing director of The Free Internet Group Ltd., one of the largest independent Internet service providers in the UK.
In 2001, Chris returned to investment banking, working as a banker at Fechtor, Detwiler & Co. and an equity research analyst at Ramberg, Whalen & Co., following names such as IBM, Apple Computer, Hewlett-Packard and Cisco Systems. Chris edits a free newsletter, The Institutional Risk Analyst, , and contributes regularly to publications such as Barron's, The International Economy and The Washington Times.
Recent Blog Posts by Chris Whalen
- JPMorgan: What’s the Fuss?
- Stress Test Zombies: Not Too Big To Fail? Tough Tootsies Little Banks!
- The Daily Double: Martin Mayer on CDS; Nouriel Roubini on the Banks
- What Barack Obama Needs to Know About Tim Geithner, the AIG Fiasco and Citigroup
- New Hope for Financial Economics: Interview with Bill Janeway
- View from the Top: A Prime Solution to the US Banking Crisis
- Fed Chairmen and Presidents: Roundtable with Roger Kubarych and Richard Whalen
- In the Fog of Volatility, the Notional Becomes Payable
- American Community Banks are Doing Fine: Interview with Ric Smith, CEO of Metairie Bank & Trust Co.
- Spread the Wealth: Bigger Is Not Better in Banking
- Countrywide Bondholders Settle; Paulson Bails as Next Wave of Approaches
- More Bank, Less Bucks: A Four Point Plan for the Rescue
- Super Liens, FHLB Advances and the Road to Forbearance
- Bailout: It’s About Capital, Not Liquidity; Seeking Beta: Interview with Robert Arvanitis
- A Workable, Private Bank Assistance Plan or Why President Bush Should Fire Ben Bernanke and Hank Paulson
- What is to be Done?: Interview with Bert Ely
- FDIC Won’t Run Out of Money, But WaMu May be Toast
- The Crisis of Confidence and the Banks
- Paulson Begins Gradual Wind-Down of GSEs within Conservatorship
- Why Downey Financial is Not IndyMac
- Is Countrywide Financial Headed for Bankruptcy?
- US Banks: The Good, the Bad and the Ugly
- Time for Hank Paulson to Do the Right Thing and Nationalize the GSEs
- Good Banks, Bad Banks; WFC and WB?
- Question of the Week: Is Risk Management Even Possible in an OTC Marketplace?
- Is “Financial Innovation” Good for Bank Profitability?
- Talking About RAROC: Is “Financial Innovation” Good for Bank Profitability?
- WaMu, Wachovia and the High Cost of Subprime
- The Sad Tale of Lewis Ranieri and Franklin Bancorp
- Conflicted Agents and Platonic Guardians: Interview with Alex Pollock
- An Involuntary Transaction: Why Bank of America + Countrywide Financial May Never Close
- Will Bank of America + Countrywide Financial Ever Close? Readers Comment