Money talks: Big bank theory
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 16 April 2019
⏱️ 26 minutes
🧾️ Download transcript
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| 0:00.0 | Tired of ads barging into your favorite news podcasts. |
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| 0:17.0 | Some shows may have ads. Hello, I'm Simon Long International Editor at The Economist and this is Money Talks on Economist |
| 0:38.8 | Radio. Coming up on today's show, Goldman Sachs seeks to polish a tarnished reputation. |
| 0:49.0 | It certainly seems as though he's making things up a little, much has been made of the fact that he's a |
| 0:53.1 | DJ he's also sort of relaxed the Goldman Sachs dress code but in more meaningful |
| 0:57.5 | ways he's increasing transparency as well and Tiger Woods's comeback tease up |
| 1:02.2 | big business in the golfing world. |
| 1:04.0 | It's very likely to be the best year for golf in terms of |
| 1:09.0 | viewership and sponsorship revenue since the last time Tiger was great. |
| 1:15.0 | But first, some of the giants of Wall Street, the big banks like J.P. Morgan, Citigroup, and Bank of America reported earnings this week. |
| 1:24.8 | Bank of America reported a 6% year-on-year rise in quarterly profit on Tuesday, |
| 1:29.4 | and Brian Moynihan, its chief executive, said it was a challenging capital markets environment. |
| 1:35.1 | Recently, Anne McElvoi spoke to Mr Moynihan at an IE University conference on higher education |
| 1:40.8 | at Brown University. |
| 1:42.8 | She started by asking him why he felt so bullish about the American economy when others are |
| 1:47.8 | describing it as a bubble. |
| 1:52.3 | Well you have to step back and think about the broadest context there. The reality is the US was growing around 2%. |
| 1:57.0 | Last year, it moved up around 3%. And this year we have it predicted to be in a 2.2% range. And in fact, due to the uncertainties around the Brexit |
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