Banks in Lebanon are to close for three days next week following a series of hold-ups by customers demanding money from frozen accounts. Lebanese banks imposed severe restrictions on withdrawals when the country’s economic crisis began three years ago. We hear from Nada Homsi, a journalist for The National in Beirut. China reports better-than-expected figure ... Show More
Today
US steps up to save the Argentine Peso
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ... Show More
8m 56s
Yesterday
US top banker warns of potential risk of stock market decline
In a BBC interview, the head of America's largest bank, J P Morgan, has warned that US stock markets do not currently reflect the level of risk of a serious fall. Jamie Dimon said he was "far more worried than others" about a major market correction. China has tightened its rules ... Show More
8m 46s
Dec 2023
The ‘Ponzi scheme’ behind Lebanon’s economic collapse
For years, Riad Salameh was praised for his revolutionary financial policies as head of Lebanon’s central bank. But suddenly, the country plunged into an economic crisis. And Salameh left the central bank with a disgraced reputation and, investigators believe, a massive personal ... Show More
21m 39s
Apr 2022
The Bank of Japan Is Playing a Dangerous Game
Prices for assets of all kinds were up Wednesday, including stocks, commodities, and cryptocurrencies. The U.S. dollar continued to strengthen, and global bond yields marched higher. That’s despite the emergence of still more signs of underlying weakness, including Robinhood layi ... Show More
38m 27s
Jun 2023
How Lebanon’s economy collapsed
Protests, power cuts and bank hold-ups – Lebanon was already struggling before the 2020 port explosion that devasted its capital, Beirut, but now it’s in a desperate economic collapse. The Lebanese people are struggling to buy basic food and medicine. And the country also hosts t ... Show More
18m 56s
Mar 2023
Why the Banking Crisis Isn’t Over Yet
In the past week, as spooked customers frantically withdrew $42 billion from Silicon Valley Bank, the U.S. government stepped in to craft a rescue operation for the failed lender.But efforts to contain the crisis have met resistance, and the fallout of the collapse has already sp ... Show More
29m 4s
Jun 2021
Episode 107 - Fall into financial chaos
Discussion on Lebanon's finances begins at 07:19. After a week packed with financial news, Ben and Timour are joined by Omar Tamo, journalist at L'Orient Today focused on banking and finance, to discuss the latest array of confusing decisions and negotiations between Lebanon's ce ... Show More
47m 13s
Aug 2023
Debt Markets Ready for Sales Rush; Cruise Comeback
Banks are readying about $15 billion of leverage buyout debt for sale starting in September, stepping back into M&A after losses piled up on their books last year, Bloomberg News’ Paula Seligson, says. Also on this episode of the Credit Edge podcast, Bloomberg News corporate fina ... Show More
31m 21s