Spotlight on the 2023 Banking Crisis
All the Credit29 Maalis 2023

Spotlight on the 2023 Banking Crisis

Recent global banking failures shook investors and markets alike, leaving many wondering if we're witnessing a repeat of the 2008 global financial crisis.

In this episode of All the Credit®, Mick Meyler, Head of Developed Market Rates, and David Jiang, U.S. Investment Grade Credit Research Analyst, review the events of this latest crisis, discuss the potential for more bank runs, outline potential regulatory responses, and assess the impacts on bank earnings and credit fundamentals. The duo also unpacks the recent swings in interest rates and central bank policy expectations, attempts to measure the impact of now-tighter credit conditions, and more.

Lindsay Rosner, CFA, Multi-Sector Portfolio Manager, joins this episode as a special co-host and provides a summary of our portfolio positioning, particularly in the financial sector, while also accounting for heightened recession risk.

Recorded on March 24, 2023.

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