Banking Crisis and Media Shifts

This chapter explores the ongoing banking crisis, emphasizing J.P. Morgan's role in absorbing failing banks and the implications for regional institutions amidst rising interest rates. The discussion extends to the consolidation in the banking industry, drawing parallels with the changing landscape of cable news and sports broadcasting, as these sectors struggle to adapt to evolving consumer preferences. Finally, it highlights the importance of innovation in both banking and media to remain relevant in a rapidly shifting environment.