DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
Jeremy Szafron, Anchor at Kitco News, interviews Thomas Fitzpatrick, Managing Director of Global Markets Insights at RJ O’Brien and Associates, where they talk about the current turbulence within the banking sector, underscored by the downturn of New York Community Bank Corp (NYCB). With a career spanning nearly four decades at Citibank, Fitzpatrick brings insight into the parallels between today’s challenges and past financial crises, the implications of rising interest rates, and the strategic considerations for navigating through these tumultuous times. Fitzpatrick’s analyzes the systemic risks, the impact of Federal Reserve policies, and the potential roadmap for banks and investors in this comprehensive interview.
Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow RJ O’Brien on X: @rjobrien (https://twitter.com/rjobrien)
00:00 – Introduction to the Banking Sector’s Turmoil
02:25 – Historical Parallels with Past Financial Crises
03:43 – The Impact of Federal Reserve Policies
04:09 – Analyzing the Downturn of NYCB and Its Implications
05:00 – The Exposure to Commercial Real Estate Risks
06:24 – Systemic Risks and the Banking Sector’s Future
08:22 – NYCB’s Struggle: A Unique Case or a Systemic Issue?
09:15 – The Fed’s $1.2 Trillion Unrealized Losses
10:33 – The Dilemma of Higher for Longer Interest Rates
14:29 – Strategies for Banks in a High-Rate Environment
17:10- Bitcoin & Gold
#fed #federalreserve #banking #bankingsector #regionalbanks #economy #interestrates #gold #bitcoin #commoditiesmarket #interestrates #gold #bitcoin #ratecut
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets – visit us at https://www.kitco.com
To get market updates on the go, download the Kitco Gold Live! APP – https://applications.kitco.com
Stay connected:
Twitter – https://twitter.com/kitconewsnow
Instagram – https://www.instagram.com/kitconews
Facebook – https://www.facebook.com/KitcoNews
LinkedIn – https://www.linkedin.com/company/kitconews
StockTwits – https://stocktwits.com/kitconews
Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.
