logo
episode-header-image
Jan 2023
10m 7s

Crypto bank’s ‘crisis of confidence’

Financial Times
About this episode

The pace of US jobs growth is set to have slowed further in December, and clients pulled $8.1bn in deposits from crypto-focused US bank Silvergate late last year. Plus, the FT’s Pilita Clark comments on the slow death of the company phone number. 


Mentioned in this podcast:

Pace of US jobs growth set to have slowed again in December

Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits

The strange death of the company phone number


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Aug 22
The return of ‘pump and dump’ stock scams
EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this p ... Show More
11m 4s
Aug 21
Can Target get its ‘swagger’ back?
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for v ... Show More
11m 36s
Aug 20
What to expect from Jay Powell’s Jackson Hole speech
US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a pl ... Show More
11m 19s
Recommended Episodes
Sep 2022
A sceptic’s guide to crypto: the crypto Wild West
In the fifth episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly looks at crypto regulation, and why there’s so little of it. It’s a story that takes her to the heart of US cowboy state Wyoming, where the crypto industry appears to be writing its own la ... Show More
27m 6s
Aug 2022
Introducing: 'A sceptic's guide to crypto'
We know that investing in crypto is a popular topic with Money Clinic listeners, so we thought you might like to hear the first episode in the new season of the FT's Tech Tonic podcast.A Sceptic's Guide to Crypto asks whether crypto and its supporting technology - the blockchain ... Show More
29m 15s
Aug 2022
A sceptic’s guide to crypto: boom and bust
A new season of Tech Tonic asks whether crypto and its supporting technology - the blockchain - have a future following a market crash. In the first episode of this five-part series, FT columnist and host Jemima Kelly casts a sceptical eye on what led to the boom in digital asset ... Show More
27m 7s
Nov 2022
Money Talks: The cryptocalypse
Until last week, Sam Bankman-Fried - or SBF as he’s become known - was crypto’s poster-child. He was a regular in Washington, DC where he schmoozed journalists, regulators and lawmakers alike. He funded political campaigns and sponsored sports teams ranging from basketball to For ... Show More
44m 1s
Nov 2022
Money Talks: The cryptocalypse
Until last week, Sam Bankman-Fried - or SBF as he’s become known - was crypto’s poster-child. He was a regular in Washington, DC where he schmoozed journalists, regulators and lawmakers alike. He funded political campaigns and sponsored sports teams ranging from basketball to For ... Show More
44m 1s
Mar 2023
Money Talks: What went wrong at SVB?
Until last week, most people beyond California and the tech world probably hadn’t heard of Silicon Valley Bank, but its swift collapse made headlines across the globe. On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird examine what brought the bank down and ... Show More
44m 13s
Mar 2023
Money Talks: What went wrong at SVB?
Until last week, most people beyond California and the tech world probably hadn’t heard of Silicon Valley Bank, but its swift collapse made headlines across the globe. On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird examine what brought the bank down and ... Show More
44m 13s
Mar 2023
The IRS Wants to Tax Your Frozen Crypto
Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or Spotify. Voyager. Celsius. Genesis. And of course, FTX. All major crypto companies that went bankrupt last year. All names we’ve talked a lot about on this podcast. But even if you’ve heard of these companies, d ... Show More
17m 15s
Mar 2023
Money Talks: Discredit Suisse
Few would have predicted that the demise of Silicon Valley Bank, a niche Californian lender, would be followed by the failure of Credit Suisse. But on March 19 the banking crisis reached Zurich, where regulators brokered a fire sale that saw the ailing 167-year-old bank sold to r ... Show More
46m 18s