Regional Banks Need to Be Reorganized: JPM's Michele

The video discusses the importance of regional banks in the US economy and the current lack of confidence in them, drawing parallels to the S&L crisis of the late 80s and early 90s. It suggests that a reorganization similar to the Resolution Trust may be needed. The video also explores investment strategies in the banking sector, particularly focusing on Super regionals, and addresses concerns about creditworthiness and market impacts as banks and investors pull back.

What are the current stresses observed in the regional banking system according to the speaker?

How does the speaker compare the current situation of regional banks to the S&L crisis of the late 80s and early 90s?

What does the speaker suggest is necessary for restoring confidence in regional and community banks?

What concerns does the speaker express regarding the creditworthiness of companies as banks tighten credit?

What actions are being taken by investors in response to the tightening of credit by banks?