Slate Money - The Banks Special
Slate Daily Feed
Slate
3.9 • 1.1K Ratings
🗓️ 11 March 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
This week, Felix Salmon, Emily Peck, and Elizabeth Spiers are joined by American Banker national editor Kevin Wack to discuss all things banking, including retail banking, why it’s so difficult to switch banks and why neobanks aren’t more successful. They also discuss the Wells Fargo fake accounts scandal.
In the Plus segment: the lead up to the Silicon Valley Bank downfall.
Podcast production by Anna Phillips and Patrick Fort.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hey, this is Felix. |
| 0:03.5 | We have an amazing show on banking for you this week, but it was recorded before Silvergate |
| 0:09.9 | and Silicon Valley Bank and Signature Bank all collapsed and precipitated the biggest |
| 0:15.2 | banking crisis in over a decade, so that I'm afraid it's going to have to wait until |
| 0:20.0 | next week. |
| 0:21.0 | For this week, though, we do have some great stuff. |
| 0:27.0 | Hello! |
| 0:37.0 | Welcome to the bank special episode of Slate Money, your guide to the business and finance |
| 0:45.0 | news of the week. |
| 0:46.0 | I'm Felix Hamlin of Axios. |
| 0:47.0 | I'm here with Emily Peck of Axios. |
| 0:49.4 | Hello. |
| 0:50.4 | I'm here with Elizabeth Spires. |
| 0:52.4 | Hello. |
| 0:53.4 | And we are going to talk all about banks and banking this week. |
| 0:58.0 | It is a fascinating subject we don't spend enough time on. |
| 1:02.0 | One of the reasons we don't spend enough time on it is that we don't have a huge amount |
| 1:05.6 | of expertise on it, but this week we have a special guest who does, Mr. Kevin Wack. |
| 1:11.8 | Welcome. |
| 1:12.8 | Thanks. |
| 1:13.8 | Thanks for having me, Felix. |
| 1:14.8 | Kevin, introduce yourself. |
... |
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