In banking, boring wins, according to veteran bank investor Joe Stieven. The CEO of Stieven Capital Advisors discussed what drives value and how community banks will remain relevant over the next decade at S&P Global Market Intelligence's annual community bankers conference. The investor said his 12-word philosophy has guided decades of capital allocation through COVID, rate cycles, Silicon Valley's collapse, and now tariffs and geopolitical shock. Stieven says all banks should ask those 12 words, "How does this impact our earnings and tangible book value per share," when contemplating any strategy. The investor also discussed why he sees overhead discipline as a way of life, how AI is reshaping the sector, and what the M&A landscape looks like from his chair.

The post-WWII global order is entering a new era. In the episode recorded live at the S&P Global Market Intelligence's Annual Community Bankers Conference on May 6, geopolitical strategist and author Dr. George Friedman discusses the conflicts between the U.S. and Iran, and Russia and Ukraine, how America reinvents itself through instability, and the pivotal U.S.-China summit on May 14. Dr. Friedman's core argument: The entire Bretton Woods system—NATO, multilateral trade, the U.S.-European alliance—was built to contain the Soviet Union. The episode explores Russia's invasion of Ukraine, and a bilateral U.S.-China order that could reshape global economics for a generation.

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A few blips tied to private credit and loans to nonbank financial institutions have weighed on the bank group recently and come at the same time at the group faced pressure over concerns that greater adoption of artificial intelligence could threaten many traditional jobs and ultimately lead to higher levels of unemployment. However, some bank analysts argue that both issues might be overblown and that AI in particular could lead to efficiency gains for banks. In the episode, Greg Hertrich, managing director and head of US Depository Strategies at Nomura, discusses the real risks behind bank lending to private credit firms and nonbank financial institutions. Hertrich explains why these exposures aren't as "hidden" as some fear, why banks are better capitalized and more transparent than in past cycles, and how today's credit environment differs from previous crises. He also tackled concerns about AI's impact on the job market and argued that AI could prove an efficiency gain for banks rather than pose a great threat to the economy and banks' loan portfolios.