Slate Money - The Banks Special
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 11 March 2023
⏱️ 44 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. We have an amazing show on banking for you this week, but it was recorded |
| 0:07.8 | before Silvergate and Silicon Valley Bank and Signature Bank all collapsed and precipitated the biggest banking crisis in over a decade. |
| 0:17.0 | So that, I'm afraid, is going to have to wait until next week. |
| 0:21.0 | For this week though, we do have some great stuff. Hello and welcome to the Banks special episode of Slate Money, your guide to the business and finance news of the week. |
| 0:46.0 | I'm Felix Hammond of Axios. |
| 0:47.0 | I'm here with Emily Peck of Axios. |
| 0:49.0 | Hello, hello. |
| 0:50.0 | I'm here with Elizabeth Spires. |
| 0:52.0 | Hello. And we are going to talk all about banks and |
| 0:56.7 | banking this week. It is a fascinating subject we don't spend enough time on. |
| 1:01.0 | One of the reasons we don't spend enough time on it is that we don't have a huge |
| 1:05.3 | amount of expertise on it, but this week we have a special guest who does. Mr Kevin Wack, |
| 1:11.6 | welcome. Thanks, thanks for having me Felix. |
| 1:14.4 | Kevin, introduce yourself, who are you? |
| 1:16.4 | Well, I'm the national editor at American Banker, which is an industry publication |
| 1:21.1 | that covers the US banking industry. |
| 1:24.0 | You are going to talk all about banking to us, retail banking, the misadventures of Goldman Sachs. |
| 1:30.8 | We have a slate plus segment on the asset side of banks balance sheets and what happens in a rising interest rate environment all manner of sexy stuff and especially we are going to talk about your incredible five-part series about Wells Fargo and all of the |
| 1:46.5 | insane stuff that went sideways in Wells Fargo with the fake account scandal. |
| 1:51.3 | It's a great episode. |
| 1:52.3 | Stay tuned. It's all coming up on slate money. |
| 1:57.0 | This episode is brought to you by Revolute. Revolute is your perfect travel companion for all things money. |
... |
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