Sally Crocek who at one point was the CEO of Merrill Lynch wealth management gave an interview in CNBC this morning. She said and I'm quoting here it's Deja Vu these banks are less leveraged than they were in 2008. But you can drown in an ocean or a pond you don't have to see the equity hit too hard before you're in crisis mode.
Which one is Fed Chief Jay Powell weighing more in advance of Wednesday afternoon's announcement about interest rates?
(0:20) Bill Mann discusses: - The current state of play in the banking industry - Risks of trouble spreading to other industries - What Jay Powell is (probably) focusing on as he weighs the next decision around interest rates
(10:37) Alison Southwick and Robert Brokamp answer your questions about asset allocation, company spin-offs, and bond ETFs.
Companies discussed: UBS, CS, WBD
Host: Chris Hill Guests: Bill Mann, Robert Brokamp, Alison Southwick Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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