Chapter
Banking Jitters
01:02 - 09:17 (08:14)
Small and mid-sized banks are going through a tough time, and a slowing economy with high interest rates isn't helping. This could lead to less expansion and hiring for main street businesses, which would be bad for bank profitability.
Clips
Darian Woods from NPR's podcast The Indicator from Planet Money discusses why bank stocks, particularly regional banks, are still struggling despite government guarantees on deposits above the usual threshold of $250,000.
01:02 - 02:19 (01:17)
Summary
Darian Woods from NPR's podcast The Indicator from Planet Money discusses why bank stocks, particularly regional banks, are still struggling despite government guarantees on deposits above the usual threshold of $250,000. This is due to scrutiny, fear, stronger regulation, and concerns about a slowing economy.
ChapterBanking Jitters
EpisodeSaturday, March 18, 2023
PodcastUp First
The slowing economy, high interest rates, and banking jitters may cause main street businesses to stop expanding and hiring, resulting in lower bank profitability.
02:19 - 04:50 (02:31)
Summary
The slowing economy, high interest rates, and banking jitters may cause main street businesses to stop expanding and hiring, resulting in lower bank profitability. Despite this, the strong labor market with two job openings for every unemployed person is a positive sign for the economy.
ChapterBanking Jitters
EpisodeSaturday, March 18, 2023
PodcastUp First
President Biden aims to hold executives of mid-size banks accountable when their actions lead to a bank failure by lowering the bar for clawback compensation and stock gains from executives.
04:50 - 07:30 (02:39)
Summary
President Biden aims to hold executives of mid-size banks accountable when their actions lead to a bank failure by lowering the bar for clawback compensation and stock gains from executives. Recently failed, mid-size banks such as Silicon Valley Bank and Signature would not have qualified under the current regulations.
ChapterBanking Jitters
EpisodeSaturday, March 18, 2023
PodcastUp First
The president may push for the Fed to regulate banks with assets between $100 billion and $250 billion similar to larger banks.
07:30 - 09:17 (01:46)
Summary
The president may push for the Fed to regulate banks with assets between $100 billion and $250 billion similar to larger banks. The administration's priority is to prevent further bank runs and enhance regulatory accountability.