Balance your trading strategy by adding futures.
CME Group helps you manage risk and capture opportunities in all market environments.
Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.
Visit your online broker and get started.
See what adding futures can do for you at cmegroup.com slash podcast.
Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profits you might have made.
This is not a recommendation to offer to buy, sell or retain any specific investment or service.
Josh, if you were to describe U.S. banking throughout 2023 in one word, what would it be?
I would say panic.
Panic.
Let's think back to then, right around this time last March.
Silicon Valley Bank is on the verge of collapse.
And when it does, that sparks a crisis among regional banks and others fall too.
It shakes America's banking sector to its core.
And the FT's U.S. banking editor Josh Franklin says that since then,
many small and medium-sized banks have struggled.
It's really been a case of the haves and the have-nots in U.S. banks over the last 12 months or so.
The haves have been a pretty small number.
You've got the very, very biggest banks, JP Morgan's,
Bank of America's, Wells Fargo, that have actually been making a lot of money.