Presenter Sam Fenwick will take a look at First Republic Bank as it has been sold to investment banking giant JP Morgan. First Republic has become the third US bank to collapse this year.
Globally there'll be fewer jobs around in the coming five years. Research suggests there could be a net loss of 14 million jobs. We hear from The World Economic Forum as ... Show More
Yesterday
US steps up to save the Argentine Peso
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. In the US though, it's a different story – farmers, especially soybean farmers, have lost ... Show More
8m 56s
Mar 2023
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
39m 43s
May 2023
A Third Bank Implodes. Now What?
On Monday morning, the federal government took over a third failing bank — this time, First Republic.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.Guest: Jeanna Smia ... Show More
23m 32s
Mar 2023
Martin Wolf on why banks fail and what to do about it
Credit Suisse… Silicon Valley Bank… Signature Bank… First Republic… After weeks of breaking headlines about banks in crisis, we are taking a big picture look at the sector with the FT’s chief economics commentator, Martin Wolf. In this episode, he explains why banks fail, and lay ... Show More
20m 5s
Jul 2023
Profits at US banks boosted by higher rates
We're back into earnings season, and, unsurprisingly it's the banks that are attracting most attention - they, are after all, the beneficiaries of the higher interest rates that have come with the Federal Reserve's bid to curb inflation. The first big headline profit result is fr ... Show More
50m 12s