What Does The Collapse of Silicon Valley Bank Mean For Your Money? | The Big Take
March 14, 2023
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21:32Now PlayingWhat Does The Collapse of Silicon Valley Bank Mean For Your Money? | The Big Take
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as posted by the channelThe 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 are left wondering if their own money is safe.
Bloomberg personal finance reporter Suzanne Woolley () joins this episode to talk about what the collapse of SVB means for everyday savers and investors. And Ben Bain, who leads Bloomberg’s coverage of how Washington regulates Wall Street, explains how the government has responded and the plan to stem the bleeding now and prevent future failures.
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Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.
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