Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

It's Monday, November 6th, and we've got a Bank News Trifecta for you today. And none of them have anything to do with bank earnings.

There are actually lots of interesting broad things happening across the financial sector right now.

I'm your host Michael, and I'm joined by Matt Frankel. Matt, thanks for coming back.

It's always good to be here.

Fantastic.

So folks, before we get into these three really interesting pieces of news, you're going to hear us talking a lot about

cycles today, cycles of regulation and deregulation, cycles of easy credit and tough credit,

and interest rate cycles.

To really get a full understanding of where we are today, you need

a historical perspective that can really explain sort of where we are and why we're here.

A couple years ago, John Maxfield, one of our premier banking writers, made a chart covering the history

of American banking since the

Civil War.

It's the sort of thing that at least for me took two minutes to read and brought my understanding

forward by at least several months.

So I think it's a really cool piece of content.

I'd love to share it with you.

If you'd like a copy, just drop us a note at industry focus at fool.com.

Again, that's industry focus at fool.com. With that, let's turn to our first piece of news. It

looks like we have a new Fed chair. We do. Donald Trump picked Jerome Powell just as expected and he will take office, I believe, in February.

What's interesting about this is, so Donald Trump was looking at a lot of different potential Fed nominees, right?

...