Eleven US major private banks have confirmed they have launched a thirty-billion-dollar rescue package for First Republic Bank.
And what about those who never use banks at all? We hear about the challenges for the billions of unbanked people and businesses around the world.
Protests in Paris as the French president pushes through controversial plans to rai ... Show More
Apr 2021
US bank profits surge, Deutsche Bank recovers, Suez Canal officials seize ship
Three of the largest US banks beat profits expectations on Wednesday on the back of a strengthening US economy, and Egyptian authorities have seized the container ship that blocked the Suez Canal as they seek compensation of more than $900m from the Ever Given’s owners. Plus, the ... Show More
9m 46s
Mar 2013
Cyprus bailout, the Fed’s stress tests and pay at UBS
Peter Spiegel, Brussels bureau chief, joins the podcast to discuss the potential fallout from the bailout in Cyprus, which sees bank deposits tapped for the first time. Also under discussion are the results of the second leg of US stress tests, as the Fed orders JPMorgan and Gold ... Show More
13m 5s
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
Martin Wolf on why banks fail and what to do about it
Credit Suisse… Silicon Valley Bank… Signature Bank… First Republic… After weeks of breaking headlines about banks in crisis, we are taking a big picture look at the sector with the FT’s chief economics commentator, Martin Wolf. In this episode, he explains why banks fail, and lay ... Show More
20m 5s
Jul 2023
Profits at US banks boosted by higher rates
We're back into earnings season, and, unsurprisingly it's the banks that are attracting most attention - they, are after all, the beneficiaries of the higher interest rates that have come with the Federal Reserve's bid to curb inflation. The first big headline profit result is fr ... Show More
50m 12s