Why Some Banks Are Buckling
Barron's Streetwise
Barron's
4.7 • 1.6K Ratings
🗓️ 12 May 2023
⏱️ 29 minutes
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Summary
Transcript
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| 0:00.0 | Mazaars is an independent audit, tax, and advisory firm with local routes and international |
| 0:05.3 | scale. |
| 0:06.3 | When you're ready for what's next, move forward with Mazaars. |
| 0:09.6 | Learn more at M-A-Z-A-R-S dot US slash forward. |
| 0:15.3 | It's like the Goldilocks scenario. |
| 0:19.4 | You did want higher rates and banks for a major beneficiary of higher rates, but you didn't |
| 0:24.8 | want too much. |
| 0:25.8 | And look, I mean, what we had was 500 basis points of rate hikes in 12 months, which was |
| 0:30.7 | very significant. |
| 0:32.8 | Hello, and welcome to the Baron Streetwise podcast. |
| 0:36.5 | I'm Jack Howe, and the voice you just heard is Richard Ramsden. |
| 0:41.3 | He leads bank coverage for a bank, Goldman Sachs, and he's just the guy to explain what |
| 0:46.4 | the heck is going on with regional banks, all these lingering fears and occasional share |
| 0:51.3 | price plunges. |
| 0:52.3 | We'll also hear from a Princeton economist and historian who has made a study of the |
| 0:58.2 | link between economic crises and globalization. |
| 1:02.4 | And he says that whatever one thinks is about to happen now isn't about to happen. |
| 1:08.2 | Was that, was that teased enough? |
| 1:11.0 | Was that too teased, did I not give enough info for that to qualify as a tease or is |
| 1:15.2 | that a tease? |
| 1:16.2 | Oh, yeah, most definitely a teaser. |
| 1:18.8 | I might have underteased. |
... |
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