US Banking Downfall | Silicon Valley Bank & Credit Suisse Crash Explained w/ Joseph Wang (MI266)

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Rebecca Hotsko chats with Joseph Wang. In this episode, they discuss the current banking crisis, what caused Silicon Valley Bank and Credit Suisse to fail, Joseph’s thoughts on whether this contagion is likely to spread and cause other banks to fail, what warning signs can investors look for to determine a bank is not properly managing their risks, how this crisis is different from 2008, his main takeaways from the recent Fed meeting, how increased regulations could impact the bank's profitability going forward, what’s driving the trend of declining deposits, the impacts of higher interest rates on the banking sector, Joseph’s thoughts on what the future of banking looks like, and whether we could see a bankless future or not, the role decentralized finance could play in future of banking vs central bank digital currencies, and much, much more!

Joseph is the CIO at Monetary Macro, and was previously a senior trader on the Fed's trading desk.

IN THIS EPISODE, YOU’LL LEARN:
- An update on the current banking crisis.
- What caused Silicon Valley Bank, Signature Bank, and Credit Suisse to fail.
- Joseph’s thoughts on whether this contagion is likely to spread and cause other banks to fail.
- What warning signs can investors look for to determine if a bank is not properly managing its risks.
- His main takeaways from the recent Fed meeting.
- How increased regulations could impact the bank's profitability going forward.
- What’s driving the trend of declining deposits?
- Does a “higher for longer” interest rate environment pose a major risk to the banking sector.
- Joseph’s thoughts on what the future of banking looks like, and whether we could see a bankless future or not.

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WHO I AM:
I’m Rebecca Hotsko, an investor and entrepreneur 💼 based in Canada; co-founder of a luxury boat ⛵ sharing club in Kelowna, British Columbia. I graduated from the University of Saskatchewan with a bachelor’s degree 🎓 in Economics and completed CFA level I and II. I gained valuable experience working as an analyst for the Bank of Canada 🏦, the federal energy regulator and in investment management. My passion for teaching others how to invest using time-tested strategies backed by empirical data led me to create an investing blog 💻 in 2020.

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