Feb 10, 2025
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome Frank Trotter to the show.
Frank is the president of
Battle Bank, which is looking to revolutionize the
digital-banking
industry.
Frank kicks off the show by
sharing how he got his start in banking and how interest
rates
have changed over the decades
due to various crises and bear markets. That leads to
a
discussion about the U.S.'s
10-year Treasury yield and why it has soared since the
Federal
Reserve cut rates. Frank also
dives into EverBank, the direct-to-consumer online bank he
co-
founded in 1998 that amassed
$28 billion in total assets. (1:40)
Next, Frank explains what the
current regulatory environment is like and how
EverBank
survived the dot-com bust. He
then goes in depth on Battle Bank, which is focusing on
the
national direct-to-consumer
branchless market. Frank covers Battle Bank's
conservative
strategy for lending money,
whether environmentalism and politics have had any impact
on
lending to natural resource
companies, and the specific advantages Battle Bank has
over
larger banks.
(19:14)
Finally, Frank talks about
crypto acceptance at Battle Bank, "eCash" being ahead of its
time
in the 1990s, and the larger
limitations of bitcoin that will impede it from becoming
a
reserve currency. He also gives
his thoughts on Elon Musk's Department of
Government
Efficiency and its lofty goal
of cutting $2 trillion in federal spending. And he closes
the
episode out by urging listeners
to think about the future and ask themselves some
tough
questions. (37:25)