Debt Ceiling, Hollywood Strike, Fed, and Banks (Podcast)
Bloomberg Intelligence
00:00
The Regional Banking Turmoil Contained or Is There More Another Shoe to Drop?
We're in the early innings of a credit cycle and it's the weakest hands who are struggling. i think that the system is struggling to reprice for a very sharp increase in interest rates. The news yesterday at jp morgan buying first republic what was your view of that was that the right solution or kind of the only solution? It wouldn't surprise anyone if there's a bit more m&a to come because that's what the history of banking crisis always suggests, he says.
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