"Street Talk" is a podcast hosted by S&P Global Market Intelligence that takes a deep dive into issues facing financial institutions and the investment community.
Listen on
The word "unprecedented" became commonplace in banking circles in 2023. The Federal Reserve's rate hike campaign pushed bank balance sheets deeply underwater, spurred deposit outflows and exposed asset/liability mismatches at some institutions that culminated in record-breaking bank runs that led to the second-, third- and fourth-largest bank failures in US history. Those closures and the liquidity crunch, regulatory response, market sell-off and eventual recovery that followed changed the competitive landscape and the way bank observers view the industry.
This episode features commentary from experts at BTIG, Davis Polk, Janney Montgomery Scott, KBW, Luse Gorman, Piper Sandler and others on the lessons learned from the liquidity crunch, the fallout and potential opportunities ahead.
