The fourth quarter earnings are out and it's been a rough ride for the too-big-to-fails.
So far every earning report includes heaping more provisions of capital for bad investments made years ago, or even sooner, to cover legal costs and settlements.
So about the next four quarters? What will 2014 look like?
HousingWire asked bank analyst Christopher Whalen, a managing director at Carrington Holding Company, his thoughts.
Here he tells us four big truths that the big banks, and even big non-bank financial institutions, wish they could avoid in 2014.