Fintech Insider Podcast by 11:FS cover image

729. Insights: How do community banks stay relevant in 2023?

Fintech Insider Podcast by 11:FS

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The Challenges of Community Banks

There's no fear of contagion, right? I think fortunately this was very different than sort of the great financial crisis where there was so much inner linkage of opaque assets and that created just a high degree of systemic risk. Most depositors do not have anywhere near the amount of insurance for any individual, right? And then on top of that, the government essentially said they're going to make that an unlimited coverage when needed. There just isn't a risk to depositors in the US banking system. So I think the good news is no, that's not a contagion risk.

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