The banks that failed in the spring of 2023 were outliers that violated some of the golden rules of banking, but many investors continue to unfairly paint the bank group with a broad brush, according to KBW CEO Tom Michaud. In the episode, Michaud discussed the drivers of the large bank failures in 2023 and the idiosyncrasies of those institutions. He further discussed the regulatory response to the liquidity crunch and criticized the Basel III endgame proposal while advocating for deposit insurance reform. The executive also noted that investors continue to treat all banks the same and express concern over their commercial real estate exposures but noted that most of the industry faces an earnings issue rather than a threat to safety and soundness.
Ep 47 - Bank branch closures take greatest toll on majority-black areas
Ep 46 - With delay, CECL won't be countercyclical for most banks
Ep 45 - Fed moving from rate hikes to lower for longer
Ep 44 - Blockchain, what is it good for?
Ep 43 - More change, M&A on horizon for equity research industry
Ep 42 - Banks losing consumer deposits to fintech, digital platforms, commercial might be next
Ep 41 - How to win the funding battle, use fintech to play offense
Ep 40 - Digital banks take a page out of 'Mad Men'
Ep 39 - A new era for blockbuster bank M&A
Ep 38 - PG&E bankruptcy reveals climate change risk facing Calif. utilities
Ep 37 - Keep 'Marge' happy — how to win the battle for deposits
Ep 36 - 2018 leaves bank investors bruised, searching for value
Ep 35 - Recent selloff could make some bank franchises a bargain
Ep 34 - Digital lenders moving from disruptors to partners, tech providers for banks
Ep 33 - National digital platforms intensify fight for deposits
Ep 32 - On the ground in Puerto Rico – S&P investigates how bankers dealt with Hurricane Maria
Ep 31 - IPOs, blockbuster M&A deals are heating up
Ep 30 - Eyebrows raised as leveraged loans, cov-lite deals hit record levels
Ep 29 - Higher rates shaking up deposits, national digital platforms more than hype
Ep 28 - Despite investor concerns, KBW CEO sees more big bank M&A
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money