Rebecca Hotsko talks with Joseph Wang about the ongoing banking crisis, including the reasons behind the failures of Silicon Valley Bank and Credit Suisse, the possibility of further contagion in the industry, and other related topics.Joseph is the CIO at Monetary Macro, and previously a senior trader on the Fed's trading desk. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro.02:50 - An update on the current banking crisis. 06:31 - What caused Silicon Valley Bank, Signature Bank, and Credit Suisse to fail?15:19 - What warning signs can investors look for to determine a bank is not properly managing their risks? 23:13 - Joseph’s thoughts on whether this contagion is likely to spread and cause other banks to fail. 34:15 - His main take-aways from the recent Fed meeting. 46:52 - How increased regulations could impact bank's profitability going forward. 48:19 - What’s driving the trend of declining deposits?51:31 - Joseph’s thoughts on what the future of banking looks like, and whether we could see a bankless future or not. 57:03 - Does a “higher for longer” interest rate environment pose a major risk to the banking sector?*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESCheck out Joseph’s book.Check out Joseph’s Website.Related Episode: Listen to MI190: Central Banking 101 w/ Joseph Wang, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Get the professional support you need to prepare for your future career with UBC Sauder School of Business.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Partner with a specialized agency focused on making insurance as easy as possible for real estate investors. Take advantage of monthly reporting, monthly billing, and coverage for all phases of occupancy with National Real Estate Insurance Group.Universal life insurance can offer protection and long-term tax-advantaged savings for your future goals & milestones. Get a universal life policy today through a simple, easy, and 100% digital purchase journey with Everly.Support our free podcast by supporting our sponsors.Connect with Rebecca: Twitter | InstagramEmail: Rebecca@theinvestorspodcast.comConnect with Joseph: Book | Website | Twitter   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.