MI266: Banks on the Run: Insights into the Banking Crisis & the Future of Banking w/ Joseph Wang

Apr 4, 2023

52:21

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Episode notes

Rebecca Hotsko talks with Joseph Wang about the ongoing banking crisis, including the reasons behind the failures of Silicon Valley Bank and Credit Suisse, the possibility of further contagion in the industry, and other related topics.

Joseph is the CIO at Monetary Macro, and previously a senior trader on the Fed's trading desk.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:50 - An update on the current banking crisis.

06:31 - What caused Silicon Valley Bank, Signature Bank, and Credit Suisse to fail?

15:19 - What warning signs can investors look for to determine a bank is not properly managing their risks?

23:13 - Joseph’s thoughts on whether this contagion is likely to spread and cause other banks to fail.

34:15 - His main take-aways from the recent Fed meeting.

46:52 - How increased regulations could impact bank's profitability going forward.

48:19 - What’s driving the trend of declining deposits?

51:31 - Joseph’s thoughts on what the future of banking looks like, and whether we could see a bankless future or not.

57:03 - Does a “higher for longer” interest rate environment pose a major risk to the banking sector?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out Joseph’s book.
Check out Joseph’s Website.
Related Episode: Listen to MI190: Central Banking 101 w/ Joseph Wang, or watch the video.

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Connect with Rebecca: Twitter | Instagram

Email: Rebecca@theinvestorspodcast.com

Connect with Joseph: Book | Website | Twitter

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