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 are left wondering if their own money is safe.
Bloomberg personal finance reporter Suzanne Woolley joins this episode to talk about what the collapse of SVB means for everyday savers and investors. And Ben Bain, who leads Bloomberg’s coverage of how Washington regulates Wall Street, explains how the government has responded and the plan to stem the bleeding now — and prevent future failures.
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