Bankers and CEOs Discuss Future of Banking and Healthcare at Milken Global Conference 2023

The recent failures of three banks are likely to lead to a cutback in lending that will slow growth, maybe to a halt. More money is flowing out of traditional banks and into other institutions that comprise the "shadow banking" system. Mid-market firms could get squeezed by rising rates and falling asset values, just as those three regional banks did. There’s a loose consensus that markets have not priced in the disruption that might be coming as debt-ceiling bargaining goes down to the wire this summer. Inflation is on everybody’s mind, as it has been for the last 18 months.