episode-header-image

Mar 2023

20m 5s

Martin Wolf on why banks fail and what t...

Financial Times

About this episode

Up next

Introducing: The Story of Money

The economist John Kenneth Galbraith once quipped that “there can be few fields of human endeavour in which history counts for so little as in the world of finance.” This show sets out to prove the opposite. Each week, FT columnist Gillian Tett and FT Alphaville editor Robin Wigg ... Show More

Finale: The collapse of India’s $22bn tech star

For our final episode: Education start-up Byju’s quickly became the pride of India during the Covid-19 pandemic. But almost as fast as the company rose, it collapsed. The fallout has already resulted in millions of dollars’ worth of US court sanctions and allegations of witness t ... Show More

Private credit’s public reckoning

After years of fast-paced growth, private credit is facing intense scrutiny. In recent months, investors have made requests to withdraw billions of dollars from the $2tn sector’s funds. The FT’s US private equity and deals editor Antoine Gara and US investment editor Eric Platt e ... Show More

Recommended Episodes

Stopping the spread: how to fix the banks

<p>Silicon Valley Bank. Signature Bank. Credit Suisse. The world’s banks look wobbly, leading to fears of broader economic pain. Our economics editor <a href="https://www.economist.com/leaders/2023/03/16/whats-wrong-with-the-banks?utm_campaign=a.io&utm_medium=audio.podcast.np&utm ... Show More

Stopping the spread: how to fix the banks

<p>Silicon Valley Bank. Signature Bank. Credit Suisse. The world’s banks look wobbly, leading to fears of broader economic pain. Our economics editor <a href="https://www.economist.com/leaders/2023/03/16/whats-wrong-with-the-banks?utm_campaign=a.io&utm_medium=audio.podcast.np&utm ... Show More

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

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

The Huge Significance of Small Banks

Torsten Slok had been firmly in the “no landing” camp of economists. More positive than a “soft landing,” its adherents say the Federal Reserve will tame inflation without triggering a recession at all. But for Slok, chief economist of Apollo Global Management, that all changed w ... Show More

MM104: Silicon Valley Bank (SVB) contagion fears spark a global banking sell-off

<p>In this episode, we take a look at what exactly happened to SVB and why the collapse in their share price on Thursday rippled through the banking sector resulting in the largest four US banks losing some $47bn of market value in just one day.</p><br><p>Was the move justified? ... Show More

Do Bank Failures Always Cause Recessions? (SVB)

Last year's banking crisis in Silicon Valley, where three banks including Silicon Valley Bank failed, caused bank runs and put pressure on other banks like Credit Suisse. This is reminiscent of past US banking disasters such as the Great Depression and the 2008 recession. Many ec ... Show More

A Third Bank Implodes. Now What?

<p>On Monday morning, the federal government took over a third failing bank — this time, First Republic.</p><p>Jeanna Smialek, an economy correspondent for The Times, discusses whether we are at the end of the banking crisis, or the start of a new phase of financial pain.</p><p>G ... Show More