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Christopher Wolfe, Managing Director and Head of North American Banks at Fitch Ratings

*This video was recorded on May 21, 2024

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0:00 - Intro
1:16 - US sovereign downgrade
2:40 - Is today like 2008?
5:15 - Deteriorating banking sector
7:30 - Consumer stress
11:12 - Large vs small banks
14:00 - Changing regulations
16:20 - CRE 'highly vulnerable'
21:20 - Residential real estate
22:35 - Fitch bank ratings
27:00 - Worst case scenario
29:07 - M&A activity

#investing #banking #economy