DB-Oct 14, 2020 - Credit Strains and the Bank Schism

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Manage episode 274462811 series 1396084
By Real Vision and Real Vision Podcast Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

|Credit Markets| IPOs | Bond Issuance |

Real Vision managing editor, Ed Harrison, is joined by editor, Jack Farley, to break down today’s bank earnings reports and look forward to the fate of the credit markets. Ed shares his framework for understanding the K-shaped bifurcation between investment banks relying on a flurry of IPOs and bond issuance and commercial banks who are left with spotty loans and narrowing net interest margins. Jack guides viewers through the remarkable performance of Goldman Sachs, particularly their trading division, and he also shines a light on the rising credit risks in Bank of America’s loan book. In the intro, Real Vision's Peter Cooper discusses how companies are postponing their plans to return to the office until the summer of 2021 and what the future of work arrangements may look like as remote work continues to present its pros and cons.

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