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 spread to other regional banks, whose stocks have plummeted.
Guest: Emily Flitt ... 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
Apr 2023
First Republic Teeters, Wages Rise
Federal regulators dissected Silicon Valley and Signature banks today, delivering post-mortems on last month’s banking crisis. But on Wall Street, the crisis is far from over, with shares of First Republic Bank plummeting amid fears it could go into receivership. CNN Political Di ... Show More
8m 57s
<p>Are we in the middle of a financial crisis? Today’s show breaks down the latest bank crises — from Credit Suisse to First Republic.</p><p><br></p><p>Read more:</p><p><br></p><p>Another week, another banking calamity. </p><p><br></p><p>On Sunday, Swiss banking giant UBS ca ... Show More
