Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole.
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Today
Fambot introduces an ‘AI chief of staff’ for families; plus, Newlight is fuel-injecting hydrogen to make cargo ships more efficient
Fambot is building an AI “chief of staff” to help families manage the emails, calendars, school updates, sports schedules, and other logistics of raising kids. Also, Newlight has raised a $9 million seed round and completed an 8,500-nautical-mile test run from Singapore to Ghana. ... Show More
9m 4s
Aug 31
Belgian electric motorcycle startup 'Any' bets on cargo space; plus, Liux’s Big microcar bets on sustainability
Launched by Belgian startup Any, LUV1 is a modular electric motorcycle with 120 liters of cargo space that can be used to carry bags, work equipment, or even pets. Also, the Liux Big microcar is made in Spain. The startup thinks it can compete in a crowded market with its tiny el ... Show More
9m 54s
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
Special Episode: Silicon Valley Bank Goes Bust
Silicon Valley Bank collapsed on Friday — the second-largest bank failure in our nation’s history. In today’s special episode, Scott and Ed break down what happened, how it happened, and what might happen next. Scott also addresses government bailouts, the consolidation of bankin ... Show More
33m 50s
Mar 2023
SVB Failure, Keep Calm and Carry On
Silicon Valley Bank was shut down by federal regulators, marking the second largest failure of a U.S. financial institution in history. I joined CBS Mornings to discuss the collapse and the Federal Reserve's latest action.Have a money question? Email us, ask jill [at] jill on mon ... Show More
11m 18s