With federal regulators planning to take over the collapsed Silicon Valley Bank, a 40-year-old institution based in California, nearly $175 billion in customer deposits will be placed under the authorities’ control.
The lender’s demise is the second-largest bank failure in U.S. history and the largest since the financial crisis in 2008. The debacle raised c ... Show More
Yesterday
The President, His Plane and the Press
Last Friday night, F.B.I. agents showed up at the homes of several New York Times journalists and summoned them to testify before a grand jury. The move was a response by the Trump administration to an article about the safety of the new Air Force One. Tyler Pager, one of the jou ... Show More
29m 1s
Jul 16
ICE Ramps Back Up, With Deadly Results
Two fatal shootings by federal immigration agents in Texas and Maine have put the spotlight back on the Trump administration’s deportation tactics. Hamed Aleaziz, who reports on immigration policy, explains how these killings signal a return to a more aggressive form of enforceme ... Show More
25m 27s
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
How Silicon Valley Bank failed
Silicon Valley Bank was the 16th largest bank in America, the bank of choice for tech startups and big-name venture capitalists. Then, in the span of just a few days, it collapsed. Whispers that SVB might be in trouble spread like wildfire through group texts and Twitter posts. D ... Show More
21m 2s
Jun 2023
The US banking system on life support
In March 2023 Silicon Valley Bank collapsed. It was the second largest banking failure in US history. The regulator, the FDIC, fired the management team and brought in a new person to run the institution while a buyer was found.As the former CEO of Fannie Mae, Tim Mayopoulus has ... Show More
18m 29s
Mar 2023
Silicon Valley Bank goes bust
SVB’s collapse is the biggest bank failure since 2008. Insider’s Ben Bergman explains why the bank collapsed, why the Biden administration intervened, and what this means for the economy writ large.
This episode was produced by Avishay Artsy and Victoria Chamberlin, edited by Mat ... Show More
25m 42s
Mar 2023
The Death of Silicon Valley Bank
<p>On 7th March, Silicon Valley Bank tweeted, “Proud to be on @Forbes’ annual ranking of America’s Best Banks…”</p>
<p>By 10th March, SVB’s stock price had tanked by 60% and the bank was taken over by an arm of the US government.</p>
<p>What on earth happened?</p>
<p>In today’s e ... Show More
10m 12s
Mar 2023
Special Episode: Silicon Valley Bank Goes Bust
Silicon Valley Bank collapsed on Friday — the second-largest bank failure in our nation’s history. In today’s special episode, Scott and Ed break down what happened, how it happened, and what might happen next. Scott also addresses government bailouts, the consolidation of bankin ... Show More
33m 50s
Mar 2023
A Great Recession bank takeover
Earlier this month, we saw the largest bank collapse since the 2008 financial crisis. For many of us, seeing Silicon Valley Bank's meltdown brought us right back to that time 15 years ago, at the beginning of what would become the Great Recession. In early 2009, one or two banks ... Show More
18m 37s