Category: Banking
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John Collison
John Collison on the growth of electronic payments, fundraising, and unicorns staying private
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Lehman Bros
Wall Street during the early 2000s, with a focus on Lehman Brothers, one of the oldest and most aggressive investment banks. The mortgage industry saw significant growth due to securitization and government encouragement of homeownership, leading to the bundling and selling of mortgage contracts to institutional buyers worldwide. Lehman’s executives, such as Anthony Fry and…
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Allen Stanford
I didn’t know the story of Allen Stanford before seeing this video. He created a Ponzi scheme worth over $5 billion and ended up with a 110year prison sentence. Despite his public image as a trustworthy banker, Stanford’s life was built on lies, starting with his humble beginnings in Texas. He went on to live a…
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With Flying Colors…
The spectacular results of the Federal Reserve’s stress tests on the eight largest banks. Every single one of the top 31 banks passed the tests despite holding more consumer credit card loans and corporate debt, with elevated delinquency rates and retail giants reporting that consumers are tapped out. The Fed also performed an exploratory analysis…
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Fed Cuts?
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America’s Economy
“Why JPMorgan CEO Jamie Dimon Is Skeptical of an Economic Soft Landing | WSJ” YouTube video interview, Dimon expresses his concerns about the economic outlook, citing potential inflation, higher interest rates, and geopolitical tensions as significant threats. He is cautious about a soft landing and shares his thoughts on the infrastructure bill and Jerome Powell’s…
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Manufacturing Slowdown?
A notably conservative panel Kevin O’Leary, Kevin Hassett, and John Carney discuss inflation, bank failures and credit card delinquencies. They attribute seasonal issues and the possibility of trend reversal to these issues, but note ongoing struggles like a capex slowdown and small business borrowing challenges. They also discuss rising credit card and automobile loan delinquencies…
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Real Estate Trainwreck?
Chris Whalen’s YouTube video titled “Commercial Real Estate ‘Trainwreck’ Will Hit Banking System In 2024,” the banking expert discusses the challenges facing the banking industry due to commercial real estate loans. Whalen predicts that losses from commercial real estate workouts could impact bank earnings significantly. He compares the current situation to the oil patch crisis in…
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Bank Failure: Worst since 2008
“The worst year for banks since 2008 | FT Film” discusses the tumultuous year experienced by the global banking sector in 2023, which was deemed the worst year for banks since the 2008 financial crisis. The video explores various events such as the collapse of Silicon Valley Bank (SVB) due to the decline in funding for tech…
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Gundlach’s 2024 Predictions
Jeffrey Gundlach discusses the most surprising things he observed in 2023. He was surprised by the continuation of the market’s momentum in consumer spending despite the high interest rates on credit cards. He also commented on the surprising drop in the commodity price complex, including the issue with the Mid-East oil and the slowing global…