logo
episode-header-image
Mar 2023
29m 4s

Why the Banking Crisis Isn’t Over Yet

The New York Times
About this episode

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 Flitter, a finance correspondent for The New York Times.

Background reading: 

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

Up next
Yesterday
A Consequential Supreme Court Term Begins With a Conversion Therapy Case
Warning: this episode contains mentions of suicide.In one of the first cases of the Supreme Court’s new term, the justices considered whether to strike down a ban on conversion therapy, the contentious practice that aims to change a young person’s sexual orientation.Ann E. Marimo ... Show More
30m 29s
Oct 8
Trump Claims ‘Rebellion’ in American Cities
Over the past week, ICE and border patrol agents have clashed with Chicago residents, and federal guard troops arriving in the city might inflame tensions further.Julie Bosman, Chicago bureau chief for The Times, and Mattathias Schwartz describe the situation on the ground and ex ... Show More
34m 31s
Oct 7
Marriage and Sex in the Age of Ozempic
In the last few years, GLP-1 weight-loss drugs like Ozempic and Zepbound have been radically reshaping the people’s lives, changing appetites and health.But the drugs also have the power to affect other parts of consumers’ lives, including their romantic relationships.Lisa Miller ... Show More
37m 17s
Recommended Episodes
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
Should I be worried about all the bank failures?
Are we in the middle of a financial crisis? Today’s show breaks down the latest bank crises — from Credit Suisse to First Republic. Read more: Another week, another banking calamity.  On Sunday, Swiss banking giant UBS came to the rescue of its rival, Credit Suisse. It was the fi ... Show More
18m 31s
Mar 2023
The Banking Crisis Is Opening a New Chapter of Capitalism
A lot has been said about the collapse of Silicon Valley Bank and Credit Suisse. But one important thing revealed by those closely scrutinized failures has largely gone unnoticed: the changing relationship between governments and banks.  Bloomberg Editor-In-Chief John Micklethwai ... Show More
28m 57s
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
Mar 2023
One Thing: Breakdown of a Bank Collapse (and What It Means for You)
The Federal Reserve is scheduled to meet this week for the first time since the collapse of Silicon Valley Bank. The key question: will the largest failure of a US bank since 2008 change its approach to fighting inflation? In today’s episode we look at how we got here, the emerge ... Show More
16m 1s
Mar 2023
Money Talks: What went wrong at SVB?
Until last week, most people beyond California and the tech world probably hadn’t heard of Silicon Valley Bank, but its swift collapse made headlines across the globe. On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird examine what brought the bank down and ... Show More
44m 13s
Mar 2023
Bank shares plunge following the collapse of the Silicon Valley Bank
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 sm ... Show More
48m 21s
Mar 2023
Money Talks: What went wrong at SVB?
Until last week, most people beyond California and the tech world probably hadn’t heard of Silicon Valley Bank, but its swift collapse made headlines across the globe. On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird examine what brought the bank down and ... Show More
44m 13s