Shares in many American and European banks have plunged after the collapse of the California-based Silicon Valley Bank, with the US and UK governments intervening to keep markets stable.
We'll look at what can be done to prevent contagion.
Also in the prograamme: Flooding in a small town in Queensland, Australia has brought unexpected danger; and what the ... Show More
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
Mar 2023
What Does The Collapse of Silicon Valley Bank Mean For Your Money?
The biggest bank failure since the 2008 financial crisis is stoking fears of a larger financial meltdown across regional US banks. Silicon Valley Bank, a key lender for startups and the tech industry, collapsed last week. As regulators take over, many people around the country ar ... Show More
21m 31s
Mar 2023
Credit Suisse shares plunge as concerns over bank widen
The share price of Credit Suisse took another nosedive in the markets, hitting its all-time low for the second consecutive day by tanking up to 30% as Saudi National Bank, the Swiss bank's largest backer, ruled out the possibility of further financial help.
Share indexes across t ... Show More
26m 28s
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
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