Mike Mayo Says 2020 May Be a 'Washout' for Bank Earnings

The video discusses the contradictions in how banks are perceived today compared to 2008, highlighting their increased resilience due to regulatory oversight and stress tests. Despite facing earnings challenges during the current recession, banks are expected to maintain strong capital ratios and dividends. The future outlook for banks remains uncertain, but they are better positioned than during the 2008 financial crisis.

In what ways are banks expected to handle potential future problems according to the text?

What factors could influence the duration of the recession mentioned in the text?