by BoatSurfer600
American Bankers Association CEO Rob Nichols joins Yahoo Finance Live to discuss banking turmoil, the state of the U.S. banking sector, PacWest Bancorp, and the outlook for the SEC.
Video Transcript
JULIE HYMAN: Our next guest says despite volatility, the US banking sector is sound and resilient we heard that from PacWest itself as well as with regard to its business. And Rob Nichols, American Bankers Association’s CEO and President is joining us now. Rob, thank you so much for being here.
finance.yahoo.com/video/banking-crisis-things-absolutely-stabilizing-142854345.html
Meme government: Banking is in trouble. Whales either need capital or don’t believe the US is good on their debt or there are so many obligations in derivatives & swaps and there’s no way out.
link to tweet:
twitter.com/stackhodler/status/1656189495555903488
Some startups are selling at 80% discounts due to the collapse in valuations across the tech industry, per BI.
— unusual_whales (@unusual_whales) May 9, 2023
Americans Lack Confidence in Major Economic Leaders – GALLUP
STORY HIGHLIGHTS
- Confidence in leaders on the economy ranges from 34% to 38%
- Ratings for Joe Biden, Jerome Powell have fallen in the past year
- Democrats more confident than Republicans, independents in leaders
WASHINGTON, D.C. — With the U.S. facing a deadline to increase the nation’s debt limit and the threat of an economic recession looming, Americans lack confidence in a variety of key U.S. leaders on economic matters. Gallup finds between 34% and 38% of U.S. adults expressing a “great deal” or “fair amount” of confidence in President Joe Biden, Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen and congressional leaders in both major parties to do or recommend the right thing for the economy.
news.gallup.com/poll/505478/americans-lack-confidence-major-economic-leaders.aspx