Why Regional Banks Could Soon Cash In
Barron's Streetwise
Barron's
4.7 • 1.6K Ratings
🗓️ 24 December 2021
⏱️ 22 minutes
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| 0:00.0 | Co-op members save more on big nights in. Pick up two British lunch dates and fries for £4.50 |
| 0:06.1 | for a Co-op member or £5 if you're not. Medium, rare or well done. However you like it, |
| 0:12.0 | we've got you covered. Pop into your local Co-op today and 31st of October selected product |
| 0:17.2 | subject availability member price valid in store only. If the Fed has to start tightening and we |
| 0:24.2 | think they will, then our balance sheet is acid sensitive, which means ultimately we'll be |
| 0:29.7 | repricing our loans faster than our deposits and our net interest income will go up. |
| 0:36.4 | Welcome to the Baron Streetwise podcast. I'm Jack Howe and the voice you just heard is Bruce |
| 0:42.7 | Van Saan. He's the CEO of Citizens Financial Group, which is the 13th largest U.S. retail bank. |
| 0:50.4 | You just heard Bruce use terms like Fed tightening and acid sensitive balance sheet and net |
| 0:56.8 | interest income. Don't worry, I speak fluent banker. Bruce means that if interest rates rise, |
| 1:03.7 | banks in general and his bank in particular are likely to earn higher profits. |
| 1:09.1 | Coming up, we'll talk about the outlook for bank stocks and hear more from Bruce and a top Wall Street |
| 1:14.7 | analyst. Listening in as our audio producer, Jackson. Hi, Jackson. Hi, Jack. I have a game for you |
| 1:25.5 | and it's called bank or not a bank. Are you ready to play? I'm ready. |
| 1:34.4 | I'm going to name five banks. Only four will be real and you guess the imposter. |
| 1:40.2 | The banks are aspiration. This one fights climate change by rounding up transaction amounts |
| 1:46.3 | to the nearest whole dollar. Next one, cheese. It aims at services at Asian Americans. |
| 1:54.3 | Salad. That gives 10% cash back at vegan restaurants. There's dough. It's spelled with two |
| 2:01.8 | use and they use artificial intelligence powered banking. And finally, daylight offers banking |
| 2:09.4 | for the LGBTQ community. Which one is the imposter? I'm going to have to say cheese is the phony. |
| 2:19.6 | Cheese is quite real. It's a year old and it offers what it calls reliable bilingual support |
| 2:27.2 | and cash back for spending at Asian owned businesses. The imposter is salad. |
... |
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