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 Smialek, an economy correspondent for The New York Times.
Apr 17
A Week of Scandal, Reckoning and Resignations in Congress
Warning: This episode discusses suicide. This week, Congress was on the cusp of doing something that has never happened in U.S. history: forcibly removing four House members. Two of those members resigned. Michael Gold, who covers Congress, explains what unfolded on Capitol Hill, ... Show More
26m 21s
Mar 2023
Martin Wolf on why banks fail and what to do about it
<p>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 ... Show More
20m 5s
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