Gregory Garrabrants

President, Chief Executive Officer & Director, Axos Financial, Inc.

Search every verified Gregory Garrabrants interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gregory Garrabrants, president and CEO of Axos Financial, discussed the 2023 banking crisis and his bank's approach to market conditions in a March 2023 podcast appearance. He stated that the turmoil created opportunities for Axos, and he criticized the practice of taking uninsured deposit risks at most banks, citing Silicon Valley Bank as an example. Garrabrants noted that while unsecured lenders to banks could earn higher returns, he argued those returns did not adequately compensate for the risk, and he mentioned Axos's insured cash suite product as an alternative that offers security without uninsured exposure. He also reflected on his tenure as CEO, which began in 2007, and noted that Axos did not take TARP money during the global financial crisis. In a September 2021 interview, Garrabrants described Axos's evolution from a digital-only bank, originally founded as Bank of Internet USA in 1999, into a broader financial services platform. He said the company has invested in a large product team and launched a robo-advisor and stock trading platform, aiming to integrate a wide range of digital products and services for customers. He stated that Axos's digital focus contributed to strong profitability and efficiency, and that during the COVID-19 pandemic, the lack of a branch network allowed the bank to interact with customers entirely digitally, which he described as a significant benefit.