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91: The 2023 Banking Storm: Risk or Opportunity? With Huw Van Steenis, Vice Chair of Oliver Wyman
Money Maze Podcast
The Reordering of the Banking Playfield
A rising interest rate environment means you can get more profitability from bank over time. I think there's also going to be a reappraisal of stable coins, which is one of the roots to get money in out of the crypto house. But nonetheless, if they've got insured deposits, they're well managed, they can be good franchises. And you've seen the valuation of these FinTechs, for, you know, 70, 80, even sometimes 90%.
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