Bank Failures And How They Reshaped The Financial Industry with Pete Oquist (Ep. 3)
Ready to uncover the untold stories behind bank failures and their profound impact on the ever-evolving world of finance?
In this episode, Mike Heckman invites Pete Oquist, a retired Federal Deposit Insurance Corporation (FDIC) examiner. This week, Pete dives into the gripping history of bank failures and their lasting impact on the financial industry.
Pete discusses:
- The interesting history of bank deregulation and how it impacted the ways banks operated and continue operating in the current day
- His own experiences as an FDIC examiner
- The story behind how he ended up working 12 hours a day, seven days a week
- Banks in the 60s versus banks in the 21st century
- Reasons you have to be a lot smarter to run a bank now
- And more!
Resources:
Connect with Mike Heckman:
- LinkedIn: Mike Heckman MS, CFP®, CEPA®
- mike@sablepointwm.com
- Sable Point Wealth Management
- (231) 425-4308
Connect with Pete Oquist:
About Our Guest:
Pete Oquist’s experience includes:
COMMISSIONED EXAMINER, FDIC, Division of Supervision and Consumer Compliance. Responsible for supervision and regulation of state-chartered non-member banks.
COMMISSIONED SENIOR EXAMINER, Federal Reserve Bank of Chicago, Supervision, and Regulation, 2002 to 2006. Responsible for supervision and regulation of community state-chartered member banks.
FINANCIAL INSTITUTION EXAMINER, State of Michigan, Department of Consumer and Industry Services, 1985 to 2002. Responsible for supervision and regulation of state-charted banks.
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