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it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure ....
the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system? failure amongst other us banks in the system? i think there is a real risk of that- the system? i think there is a real risk of that. this the system? i think there is a real risk of that. this is the system? i ....
i m karishma vaswani. we begin with the banking turmoil in the us. shares of several regional banks have closed in the red on monday. it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized ....
to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. earlier, i spoke to oreana financial s chief global investment officer, isaac poole, who told me the turmoil will not end with the collapse of first republic. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on depositors and so forth. as we look out, there is a real risk that initially what was a bank specific problem becomes a wider problem for the ....
As we look out, there is a real risk that initially what was a bank specific problem becomes a wider problem for the system. what is driving these risks going forward? is it higher interest rates as you are talking about or something more like a lack of regulation and oversight contributing to into this? that has certainly contributed to. the regulation re environments and that is likely to tighten up. i think that could add further pressure to the us economy and banking system. we will see, i think, more revelation added on the small and medium size banks. that will tighten credit positions even further and banks will be cautious about who they lend to going forward. that, of course, would put downward pressure on the us economy which is a doom loop for banks because if the economy falls into recession banks will not benefit from that and exposed banks will find themselves in risk of trouble. ....