logo
episode-header-image
Mar 2023
28m 57s

The Banking Crisis Is Opening a New Chap...

Bloomberg and iHeartPodcasts
About this episode

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 Micklethwait joins this episode to talk about how the idea that finance is an arm of the state is back–and why that will have far-reaching consequences for the way the world works.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK 

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Up next
Yesterday
Why Austan Goolsbee Is Still Concerned About Inflation
Chicago Fed President Austan Goolsbee is still more concerned about the inflation side of the Fed's mandate than he is about the employment side. This is noteworthy because in general markets are expecting rate cuts to come soon, and also Chairman Jerome Powell, speaking in Jacks ... Show More
34m 35s
Aug 22
What Powell Said About the Possibility of a September Rate Cut
In a speech at the annual Jackson Hole Economic Policy Symposium, Fed Chair Jerome Powell left the door open for a possible interest rate cut in September, sending a positive signal to Wall Street that pushed markets higher. This comes at a unique moment for the US Central Bank, ... Show More
18m 20s
Aug 21
Welch’s Fruit Snacks Get a MAHA-Friendly Makeover
The Trump Administration wants to “make America healthy again” and one of its top priorities is removing artificial dyes from food. The company behind Welch’s Fruit Snacks has spent the past ten years doing just that. On today’s Big Take podcast, Bloomberg’s Will Kubzansky takes ... Show More
17m 41s
Recommended Episodes
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
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
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
Why the Banking Crisis Isn’t Over Yet
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 sp ... Show More
29m 4s
Mar 2023
The Implosion of Silicon Valley Bank
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. hi ... Show More
34m 9s
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
MM104: Silicon Valley Bank (SVB) contagion fears spark a global banking sell-off
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. Was the move justified? Could one of ... Show More
25m 46s
Mar 2023
MM105: What just happened to Credit Suisse and should you be worried?
In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week.  In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK officials scrambl ... Show More
42m 2s
Apr 2022
Money Talks: Breaking the bank? Part two
Thirty years ago, rich-world central banks started winning the fight against inflation. More recently, they have begun to fight new battles, including against climate change or inequality. As the old enemy of inflation returns, in this two-part series, host Soumaya Keynes asks if ... Show More
34m 44s