Squawk on the Street SOTS 2nd Hour: ECB President Lagarde, Banks Breakdown, & ETSY CEO Talks AI 10/14/25
7 snips
Oct 14, 2025 Christine Lagarde, President of the European Central Bank, explores trade tensions and their impact on global growth and inflation. Etsy's CEO, Josh Silverman, discusses the company's transition to the NYSE and how AI is revolutionizing personalized commerce. Scott Reckler of RXR Realty shares insights on NYC's booming commercial real estate market, highlighting trends in office leasing and conversions. Erica Najarian analyzes bank earnings and industry risks, providing an expert view on credit quality challenges.
AI Snips
Chapters
Transcript
Episode notes
Watch Shadow‑Bank Lending Exposure
- Erica Najarian warns investors are focused on non-depository financial institution (NDFI) lending and potential hidden credit risks.
- She emphasizes banks are well capitalized and earning strong profits, which buffers credit concerns.
Interpret Reserve Builds In Context
- Najarian explains reserve builds on new card originations are normal and tied to loan growth.
- She advises viewing reserve increases in context of new credit issuance rather than as alarm signals.
Wells Can Grow And Improve Returns
- Najarian says Wells Fargo's asset cap removal allows balance-sheet growth and improved return on equity.
- She sees that as a major driver behind investor enthusiasm for Wells.