US Existing-Home Sales Rise by Most Since Mid-2020

The transcript discusses recent economic indicators, noting a 4.58% increase against a 4.2% expectation, and the potential need for further Federal Reserve tightening. It includes an anecdote about rapid apartment sales, highlighting market dynamics. The conversation shifts to the banking sector, examining fears of tightened lending standards amid economic uncertainty, while noting that major banks remain largely unaffected.

What is the significance of the statement regarding the banks being largely untouched by the crisis?

What might be the long-term effects of the current economic situation on regional banks?