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

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.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.

Browse through all our episodes (complete with transcripts) here.

Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.

Enjoy exclusive perks from our favorite Apps and Services.

Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.

Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS
Support our free podcast by supporting our sponsors:

Linkedin Marketing Solutions

Fundrise

TurboTax

HelloFresh

NetSuite

Connect with Rebecca: Twitter | Instagram
Email: [email protected]
Connect with Joseph: Book | Website | Twitter   

HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 
Learn more about your ad choices. Visit megaphone.fm/adchoices

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.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Linkedin Marketing Solutions
Fundrise
TurboTax
HelloFresh
NetSuite

Connect with Rebecca: Twitter | Instagram

Email: [email protected]

Connect with Joseph: Book | Website | Twitter   

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 

Learn more about your ad choices. Visit megaphone.fm/adchoices