Peter Oppenheimer, chief global equities strategist at Goldman Sachs, says that the banking sector is healthier than during previous crises and that the current issues are not systemic.
Paul Donovan, chief economist at UBS Global Wealth Management, discusses how the banking sector has changed since the global financial crisis, including the impact of social media.
The collapse of Silicon Valley Bank had crypto investors on edge after Circle, the issuer of the stablecoin USD Coin, revealed it had $3.3 billion parked with the bank. CNBC’s Arjun Kharpal runs through how USDC lost its dollar peg but ended up regaining it.
Steven Blitz, chief U.S. economist at TS Lombard, shares his projections for the Federal Reserve’s monetary policy trajectory after Chairman Jerome Powell’s testimony on Capitol Hill rocked markets.