logo
episode-header-image
Apr 2021
9m 46s

US bank profits surge, Deutsche Bank rec...

Financial Times
About this episode

Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the FT’s deputy editor, Patrick Jenkins, discusses Deutsche Bank’s turnaround after years as the “sick bank of Europe.” 


Boom on Wall Street powers US bank profits

https://www.ft.com/content/5cc8f198-345f-4a21-997f-acc841c7b39b


Deutsche Bank dodges bullets and goes mainstream

https://www.ft.com/content/0c478d11-6ed2-4c68-870d-3d0e97f76745?


Ever Given seized as Egyptian authorities seek $900m compensation

https://www.ft.com/content/25b347bc-4c03-464a-b6c3-ed72bacc12e2?


Ponzi mastermind Bernard Madoff dies aged 82

https://www.ft.com/content/e88fdde2-440a-4a77-8a20-d2116309d84a



Hosted on Acast. See acast.com/privacy for more information.

Up next
Yesterday
Big Pharma markets left on a ‘patent cliff’-hanger
India is set to reach a record year in initial public offerings and Big Pharma is facing a wave of patent expiration dates. Plus, Meta goes to trial over who to hold accountable for corporate scandals. Mentioned in this podcast:India on track for record IPO yearThe looming ‘paten ... Show More
11m 32s
Jul 10
Global copper market weighs Trump tariff threat
The UK and France have pledged for the first time to co-ordinate the use of their nuclear weapons, and the copper markets are reeling from US President Donald Trump’s threat to impose 50 per cent tariffs on the metal. Plus, Nvidia has hit a record market capitalisation at $4tn.Me ... Show More
7m 18s
Jul 9
BCG tries to limit Gaza work fallout
EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, and Boston Consulting Group’s chief executive said the group’s involvement with a postwar plan for Gaza had been “reputationally very damaging”. Plus, Eu ... Show More
10m 31s
Recommended Episodes
Mar 2023
The Fed Steps In to Prevent a Banking Sector Collapse
A.M. Edition for March 13. U.S. regulators turned to emergency measures over the weekend to contain further potential fallout after the swift collapse of Silicon Valley Bank. WSJ finance editor Alex Frangos examines whether guaranteeing SVB deposits and taking control of a second ... Show More
17m 27s
Mar 2023
Stopping the spread: how to fix the banks
Silicon Valley Bank. Signature Bank. Credit Suisse. The world’s banks look wobbly, leading to fears of broader economic pain. Our economics editor explains how regulators should stabilise the sector. Russia is running out of tanks; replenishing its supply will not be easy. And Am ... Show More
23m 17s
Mar 2023
MM104: Silicon Valley Bank (SVB) contagion fears spark a global banking sell-off
In this episode, we take a look at what exactly happened to SVB and why the collapse in their share price on Thursday rippled through the banking sector resulting in the largest four US banks losing some $47bn of market value in just one day. Was the move justified? Could one of ... Show More
25m 46s
Mar 2023
Crypto Winter Meets Banking Crisis: A Tale of Three Banks
It’s been another wild week of financial mayhem connected to crypto. But this time the crisis focused on banks. It started earlier this month [March], when Silvergate Capital shut down operations. The California-based bank serviced various crypto companies like Coinbase and Gemin ... Show More
19m 42s
Mar 2023
Stopping the spread: how to fix the banks
Silicon Valley Bank. Signature Bank. Credit Suisse. The world’s banks look wobbly, leading to fears of broader economic pain. Our economics editor explains how regulators should stabilise the sector. Russia is running out of tanks; replenishing its supply will not be easy. And Am ... Show More
23m 17s
Mar 2023
Major US banks come up with $30bn to rescue First Republic
Eleven US major private banks have confirmed they have launched a thirty-billion-dollar rescue package for First Republic Bank. And what about those who never use banks at all? We hear about the challenges for the billions of unbanked people and businesses around the world. Prote ... Show More
27m 41s
Mar 2023
Biden pledges 'whatever is needed' amid bank fears
Stocks in some US banks have continued to fall, despite President Biden's attempt to reassure Americans their money is safe after the collapse of Silicon Valley Bank. At one point shares in Western Alliance fell by 80%. Another bank First Republic was down by 75%. Earlier, Mr Bid ... Show More
47m 45s
May 2023
Ram Ahluwalia Predicts MORE Bank Failures
Ram Ahluwalia, CEO of Lumida Wealth Management, joins us for his second time on Bankless to discuss the latest bank failure and what it means for the rest of the traditional finance system. Are there more failures to come? Can crypto save the banks? Why are politicians being quie ... Show More
1h 14m