A Great Recession bank takeover

Prediction markets aren’t new. Election betting was common until the 1940s, then mysteriously faded away.There was an entire political era when party bosses were expected to conspicuously gamble on their candidates (even if they secretly hedged).And in the 1980s, a few economists ...  Show more

Maybe the real monster in the Alien franchise isn’t actually the killer alien. Because behind the acid blood and jump scares is an even more insidious horror: a single employer with unchecked power. That employer is named Weyland-Yutani, a mega-corporation that dominates workers ...  Show more

It’s been a year since Silicon Valley Bank’s collapse left everyone worried that the US’s banking sector sat on shaky ground. Despite that turmoil, one bank stands out: JPMorgan Chase. The largest bank in the country, JPMorgan took home record profits in 2023, and its dom ...

Banking has had a couple of very good years—the best, in fact, since the global financial crisis of 2007–09. Yet to some, the industry’s outlook seems less buoyant than recent profitability might suggest. On this episode of The McKinsey Podcast, McKinsey Senior Partners Klaus Dal ...  Show more

The Royal Bank of Scotland was once the biggest bank in the world. Then, hubris got the best of it. During the financial crisis the UK government spent £46bn to bail out the bank. Seventeen years and a rebrand to NatWest Group later, the government just sold its last shares in it ...  Show more

Join hosts Laura Watkins and Dave Morris, along with some great guests, as we discuss the biggest fintech and financial services news this week. Topics covered include: A BBC investigation found that Revolut has been named in more fraud reports than any major UK bank; two differ ...  Show more