💸 Welcome to Banking Bad
a podcast series featuring six true-crime stories from the world of money.
Get ready for tales of socialite financial abuse, debt struggles, gambling addictions, the rollercoaster world of meme stock investors, and true financial crime stories.
Thank you to our partner PensionBee: combine, contribute and withdraw online. Take control of your pension, so that you can enjoy a happy retirement and join 223,000 customers saving with PensionBee. When investing, your capital is at risk. Investments can go down as well as up, and you may get back less than you invest.
Listen to the series
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Brooke Astor, and When Financial Abuse Hits Home
One of America’s most prominent cases of financial abuse. Brooke Astor was a well-known figure in New York high society and one of the 20th century's great philanthropists. Over the next three decades, she oversaw $195 million dollars worth of grants to organisations and charities. However, when she began displaying signs of dementia, the situation took a different turn. You'll hear from Brooke's grandson, Philip, about the personal financial crime that unfolded within his own family.
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Tulip Mania, The Greatest Bubble Story of All Time
We’re used to hearing about stocks, credit or commodities being at the centre of bubbles, but never a flower. Today, we’ll be looking at tulip mania - a period in the 1630s when the prices of tulip bulbs in the Netherlands soared to unprecedented levels, driven by a speculative frenzy. I’ll be talking to Anne Goldgar, an American historian and academic, who argues that tulip mania was not a widespread frenzy that affected the whole society, but rather a limited phenomenon.
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How I Ended Up £250,000 in Debt
Patrick Foster had a promising career as a professional cricketer, until gambling came into the picture. He shares his journey from being a sports star to a compulsive gambler who ended up in £250,000 of debt, revealing how he got hooked on betting, lost his job and his friends, and how he tried to escape his addiction by moving to a different city and becoming a teacher.
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Surviving the Dotcom Bubble with Martha Lane Fox
Martha Lane Fox is the co-founder of lastminute.com. She sold it in 2005 for a whopping £577 million when she was only 31. We discuss how they raised money for their innovative idea, how they became one of the most popular online travel platforms during the dotcom boom of the early 2000s, what happened after they went public, and how Marta’s life was changed by a serious accident.
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GameStop, How Reddit Users Brought Wall Street to its Knees
Keith Gill, aka RoaringKitty and DeepFuckingValue, was a financial analyst and online trader who challenged Wall Street with GameStop, a retailer on the verge of bankruptcy. Financial journalist Iona Bain and I look at how the GameStop saga stands as a testament to the potential impact of individual investors challenging established norms, and the key things investors can learn from this rollercoaster of a story.
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Unmasking the Wolf of Wall Street: Jordan Belfort's Financial Crimes
Are you familiar with the name Jordan Belfort? If not, you might recognise him as the infamous 'Wolf of Wall Street'. Belfort's journey in the financial world is nothing short of exhilarating — starting from his humble beginnings as a door-to-door salesman to becoming the mastermind behind Stratton Oakmont, a fraudulent brokerage firm that swindled millions from unsuspecting investors.
Get Retirement Ready.
How much money would you actually need for retirement? It can be difficult to envision ourselves 20, 30, 40 years from now. This means that all too often, we don’t take the steps we need to take to benefit our future selves. While we’re living longer, the State Pension doesn’t offer us enough of a buffer. We’re therefore faced with a sometimes daunting personal responsibility to save and invest while trying to eventually achieve our dream retirement. With Becky O’Connor (Director (VP) Public Affairs at PensionBee), Emma Maslin (Money Coach and Founder of The Money Whisperer) and Emilie Bellet (Founder of Vestpod)