David Fishwick Live On B B C Breakfast Talks About The New Remastered Netflix Series Bank Of Dave
Summary
TLDRDavid Fishwick, a businessman from Burnley, took on the challenge of establishing his own community bank, Burnley Savings and Loans, to address the needs of those unable to borrow from traditional banks. His story inspired the film 'Bank of Dave' and a documentary that has been remastered and released on Netflix. The series highlights the importance of community banks in providing affordable credit and explores the current banking crisis, with banks collapsing in 2023. Fishwick's efforts have lent over £30 million to individuals and businesses, showcasing the potential for community-focused banking as a viable alternative to the traditional system.
Takeaways
- 🚀 David Fishwick, a businessman from Burnley, decided to address the banking crisis by setting up his own community bank, Burnley Savings and Loans, which has now been remastered and is available on Netflix.
- 🎥 The original documentary following David's journey, which inspired the film 'Bank of Dave', has been updated and released on Netflix, showcasing the ongoing relevance of community banking.
- 🏦 The series highlights the need for community banks, especially in the wake of the 2008 financial crash and the current banking crisis in 2023, where high street banks are struggling again.
- 💰 David's bank has lent over £30 million to individuals and small businesses that could not secure loans from traditional high street banks.
- 📈 The documentary features Diane, who received a loan from Burnley Savings and Loans to expand her dog bakery, emphasizing the positive impact of community banks on local businesses.
- 🇺🇸 'Bank of Dave' has gained popularity in the UK and has been released for a cinematic screening in the USA, with David invited to promote it.
- 🎤 Dave's story has reached Parliament, with discussions on the importance of community-focused banks and non-bank lenders in providing affordable credit.
- 📉 The script mentions the recent banking issues, such as Silicon Valley Bank and Credit Suisse, and the withdrawal of $100 billion from American banks in one week due to fear of a bank run.
- 💸 Dave advocates for individuals to become their own banks, managing their savings and loans to offset debts and mortgages, instead of relying on traditional banks that offer minimal interest.
- 📊 The script contrasts the current low-interest rates on savings accounts with the high inflation rate, highlighting the diminishing value of money saved in traditional banks.
- 🤝 Dave's ongoing efforts include meeting with politicians and treasury secretaries to promote the model of community banks as a solution to the banking crisis.
Q & A
Who is David Fishwick and what did he decide to do in response to a problem?
-David Fishwick is a businessman who decided to tackle the problem of banking by setting up his own bank, inspired by the 2008 financial crash.
What is the film 'Bank of Dave' based on?
-The film 'Bank of Dave' is based on the true story of David Fishwick, a minibus dealer who set out to do a better job than the country's top bankers by establishing his own community bank.
How has David Fishwick's journey been documented and shared with the public?
-David Fishwick's journey has been documented in an original documentary which has been remastered and is now available on Netflix.
What is the significance of the re-release of the series about Burnley Savings and Loans?
-The re-release of the series is significant as it highlights the ongoing relevance of community banks, especially in the context of banks collapsing in 2023, emphasizing the need for community-run financial institutions.
How has Burnley Savings and Loans benefited local businesses like Diane's?
-Burnley Savings and Loans has provided loans to local businesses, such as Diane's dog bakery, enabling them to grow and expand when they couldn't get support from high street banks.
What is the total amount of money that Burnley Savings and Loans has lent to people and businesses?
-Burnley Savings and Loans has lent over 30 million pounds to thousands of people and businesses.
Why is Dave Fishwick going to the USA?
-Dave Fishwick is going to the USA because the 'Bank of Dave' movie has been successful on Netflix and has received a cinematic release there. He has been asked to help publicize it.
What concerns does Dave Fishwick raise about the current banking system?
-Dave Fishwick raises concerns about the lack of lending by big banks, the high interest rates, and the bonus culture that led to banks going bust while bankers received large bonuses.
What is Dave Fishwick's suggestion for individuals to take control of their financial future?
-Dave Fishwick suggests that people should become their own banks by taking responsibility for their savings and using it to pay down loans, similar to an offset mortgage, to avoid paying high interest rates elsewhere.
What is the current situation regarding the UK banking system according to the Bank of England?
-According to the Bank of England, the UK banking system is well capitalized and efficient. However, there have been significant withdrawals of cash from American banks, indicating fears of a bank run.
What is the next step for Dave Fishwick and his advocacy for community banks?
-Dave Fishwick is meeting with the Treasury Secretary following a promise by Rishi Sunak, to discuss the potential for community banks like Burnley Savings and Loans to be the way forward for the financial system.
Outlines
🏦 The Inspirational Journey of Bank of Dave
This paragraph introduces the story of David Fishwick, a businessman who decided to establish his own bank to address the shortcomings of traditional banking systems. His tale inspired the film 'Bank of Dave' and a documentary that has been remastered and is now available on Netflix. The narrative follows David's endeavor to outperform established bankers and explores the potential future of community banking. The paragraph also touches on the 2008 financial crash and the current banking crisis, emphasizing the need for community banks that cater to local needs, as exemplified by Diane's Ruby's Dog Bakery, which benefited from a loan from Burnley Savings and Loans.
💡 The Need for Community Banks and Dave's Advocacy
This paragraph discusses the critical role of community-focused banks and non-bank lenders like Burnley Savings and Loans in providing affordable credit access to everyone. It highlights the ongoing banking crisis and the need for change in the system, as acknowledged by the Prime Minister. The paragraph also covers Dave's efforts to bring attention to these issues, including his meetings with government officials and his trip to the USA for the cinematic release of the 'Bank of Dave' movie. It emphasizes the importance of community banks in the current economic climate, where large banks have stopped lending and small businesses struggle to survive.
Mindmap
Keywords
💡David Fishwick
💡Bank of Dave
💡Community Banking
💡2008 Financial Crisis
💡Netflix
💡Banking System
💡Interest Rates
💡Bailout
💡Inflation
💡High Street Banks
💡Community Focus
Highlights
Businessman David Fishwick decided to tackle the banking problem by setting up his own bank.
David's story inspired the film 'Bank of Dave' and a documentary that has been remastered and is now on Netflix.
The minibus dealer from Burnley aimed to outperform top bankers and potentially change the future of banking.
The documentary series returns as banks are collapsing again in 2023, with a worse crisis than the 2008 financial crash.
Community banks like Burnley Savings and Loans are needed to provide affordable credit access to everyone.
Diane, who runs a dog bakery, received £4,000 from Burnley Savings and Loans to get an oven, highlighting the community bank's impact.
Dave's bank has lent over £30 million to people and businesses unable to borrow from high street banks.
The series 'Bank of Dave' addresses the need for fair and reasonable interest rates for small businesses.
Dave's concerns over banking reached Parliament, emphasizing the role of community-focused banks and non-bank lenders.
The 'Bank of Dave' movie has been successful on Netflix and has led to a cinematic release in the USA.
Dave's enthusiasm and spirit are evident in his efforts to promote the movie and his banking model in the USA.
The remastering of the documentaries by Netflix included additional content and removed advertisements.
The banking system is facing similar issues as before, with banks crashing and failing, despite claims of being capitalized and efficient.
Dave suggests people become their own banks to take responsibility for their savings and pay down loans more effectively.
Inflation and low-interest rates on current accounts are causing people's money to lose value.
Burnley Savings and Loans aimed to provide the best interest rates on the High Street and lend to those unable to borrow from traditional banks.
Dave continues his efforts by meeting with politicians and the treasury secretary to promote community banks.
The need for community banks is emphasized to benefit communities rather than the bonus culture of traditional banking.
Transcripts
and that's when businessman David
Fishwick decided to tackle the problem
and set up his own bank his story
inspired the film Bank of Dave and now
the original documentary which followed
his journey has been remastered and put
on Netflix Ian hasn't been to meet him
he's the minibus dealer who set out to
do a better job than the country's top
bankers and could this be the future
face of banking hello I'm Dave from
Burnley and he very much still is hey
hey I'll come to Burnley Savings and
Loans kadev back with vengeance like the
original series now set for re-release
is it brilliant Netflix are gonna show
the series the banquet here series I
want to open a tiny tiny Bank the series
came in the wake of the 2008 financial
crash and returns with banks collapsing
in 2023 10 years on and the banking
crisis is actually not only starting
again it's worse than last time billions
and billions of pounds are needed to
bail out these banks in America and in
Europe have we gone back 10 years
there's still not a single High Street
Bank opened we genuinely need Community
Banks run by the community to benefit
the community among those to benefit is
Diane who runs million Ruby's Dog Bakery
in accrington I got four thousand pounds
from them to get an oven we wouldn't
have got that anywhere else the business
has started growing and we're already
talking about the next thing that I need
over to you then Dave yeah
we've Lent over 30 million pounds to
thousands of people and businesses like
Diane's that just cannot borrow from The
High Street Banks she's now expanding
and she's looking at taking somebody on
to me that's what makes it all
worthwhile
I'm getting quicker now as well look at
that listen you're going to be asking me
to to work here Bank of dog biscuits
that's what you could call it it's a
future that's it Banker dog biscuits
just down the road from the Dog Bakery
is sulfur Max and we got from Bank of
Dave alone on a truck and you can't
afford to pay crazy interest rates so
you know fair and square interest rate
like Bank of Dave is really important to
the business the big banks have just
stopped lending again you know I'm going
to compute you 300 miles away make a
decision about Marco's business you know
I come and text assatees and they're
proper comfort and you just think
there'll be no problem he'll pay and he
does
we're not going to get him out of here
yeah
earlier this month Dave's concerns over
banking reach Parliament it's Community
focused Banks and non-bank lenders like
the Burnley Savings and Loans have a
vital role to play in ensuring that
everyone can access Affordable Credit
and I nearly fell off my chair because
I'm watching Russia discussing but only
savings alarms the Prime Minister
admitted there needs to be change and he
said he's going to do something about it
and he's going to come and have a look
at the banker Dave meanwhile since its
release in January the bank of Dave
movie has taken Netflix by storm welcome
to Burnley and now Dave you're off to
the USA tell me more well it's got a
cinematic release in America and they've
asked me to come out there and publicize
it so I've got the old Speedos and the
mirrored sunglasses Hollywood here he
comes Ian Haslam BBC News
the same
uh Dave's very pleased to say with us
now so there's a lot of serious issues
attached to that just on a slightly
lighter note the whole Netflix thing
you're about to go on like a trip to the
states to publicize and all this isn't
that exciting I mean the Netflix movie
hit number one here in the UK and it's
been cinematically released in America
so you're gonna do chat shows yeah James
Corden I'll be on singing terribly I'm a
terrible singer karaoke yeah well I hope
so
will you pick one and we'll see what
about Phil Collins You Can't Hurry Love
no you'll just have to whenever you're
ready
I'm a terrible singer uh well it's I
mean your enthusiasm and your kind of
your spirit everyone can see it how do
people survive what's happening right
now you know there are some very tough
times all factors in a way that a
generation of people won't have
experienced before what's incredible is
that the documentaries that I've got
went out 10 years ago or first time now
they've been remastered by Netflix
they've been lots of things added and
the advertisements have been took out
we've got lots and lots of things things
I hadn't even seen have been added to it
took me four years to make those
documentaries so there's things that
have been able to be added this time
around and ironically when they come out
the first time the banks were crashing
and failing the banks are now crashing
and failing again what about that for
time well hold on hold on one moment
because we've had Silicon Valley Bank
we've had a Credit Suisse so various
other kind of concerns but we should
just temper that with the European
Central Bank the fed and the bank of
England saying that particularly when it
comes to Bank of England that the UK
banking system is capitalized they're
saying is capitalized efficiently and I
agree
however I tempt that with
15th of March this year 100 billion
dollars got took out in cash of American
banks in one week
that's because of the fears of a run on
the bank and that's the problem
but then that was I mean and I don't
really want to get into a discussion
about the banking system but I just I
think we need to show some
responsibility here on this program to
not engender panels
and in terms of Charlie's kind of
question it is the situation now really
hasn't changed people feeling you're
absolutely right it's it's people and
they're giving naught percent interest
or a couple of percent if you really
look at on a current account so that's
one of the problems that that we're
seeing
so what I would like to do is people
become their own Bank of Naga Bank of
Charlie where they can take
responsibility for their own savings so
rather than try and find a bank and get
next to nothing when it goes in it you
can then pay down your loans like an
offset mortgage yeah you can pay a
little bit more off your mortgage each
month you can pay down your car finance
you're going to get more interest if you
pay down your own rather than try and
find an interest rate somewhere else
you've literally become your own bank so
Dave that sounds on the Facebook I I get
what you're saying but if you are that
week not able to buy enough pasta
because pasta has gone up by 80 in the
shops the idea of how you're paying off
things you know you know we're near that
and that that's what a lot of people are
facing right now yeah and I agree with
that completely as well I mean the
average lawn is 10.71 inflation is 10
you're getting two percent for your
money so inflation you're just not
getting anywhere near it your money's
becoming worth less
and and more toward the worthless than
the worth so you'll do you've done
you've done documentaries you're going
out what are you still kind of keeping
your hand in in terms of helping those
people because that was the whole idea
of the bank wasn't it yes Bernie savings
alarms the whole idea was to get the
best rate of interest on the High Street
take the money and lend to people who
can't borrow from High Street bank and
the profit after the overage appear you
did that by security you did that by
setting up the bank but what are you
doing kind of because I know you don't
stop no that's the problem in your
community or you know you're never ever
slow down
um and what I'm doing at the moment last
night I actually had a uh this is
exclusive for for BBC breakfast last
night I had a meeting with your Gideon
uh the MP from the West Midlands who um
you saw part of the interview there uh
Rishi sinak stood up on promised his
questions last week and said you know
Burnley Savings and Loans is the way
forward so Joe Gideon called me last
night she said we've set this this
meeting up with the treasury secretary
Rishi sonak's done exactly what he said
he would do set a meeting up and uh
we're coming up with a saloon ocean
that might just help what we need is
Community Banks run by the community to
benefit the community rather than the
bonus culture you cannot have a
situation where you've got Bankers
needing 20 30 million pound bonuses
Banks going bust and people getting
scared it sounds a bit like we need to
know what happens when Dave goes to the
treasury and and uh you know comes face
to face with that place and how they
operate maybe you'll come and update us
yes
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