Late to the parting: Deutsche Bank shrinks

Economist Podcasts

The Economist

News, News & Politics

4.3 • 5K Ratings

🗓️ 9 July 2019

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

For years, management at Germany’s largest bank knew the firm was in serious trouble. Why didn’t they do more? The massive cuts announced this week may be too little, too late. We consider Texas and California as political and social laboratories: which one looks like the America of the future? And, a bit of monkey archaeology shows our distant cousins have been honing their tools far longer than previously thought.

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Transcript

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1:02.2	Hello and welcome to the Intelligence on Economist Radio.
1:04.2	I'm your host, Jason Palmer.
1:09.0	Every weekday, we provide a fresh perspective on the events shaping your world.
1:18.3	It might seem that Texas and California are radically different, but they've got more in common than you think. Given the power of individual states, they can be thought of as
1:23.3	independent political and social laboratories, each with hints of what America's future may look
1:28.5	like.
1:30.6	And plenty of animals are known to use tools, to adjust them, to choose the right one for the job.
1:36.8	But a bit of monkey archaeology shows that our distant primate cousins have been honing their tools
1:42.1	and techniques for millennia.
1:52.0	Music primate cousins have been honing their tools and techniques for millennia. First up, though. It's been a dramatic few days for Deutsche Bank.
	...

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