Why the Banking Crisis Isn’t Over Yet
March 17, 2023
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29:07Now PlayingWhy the Banking Crisis Isn’t Over Yet
YouTube Description
as posted by the channelIn 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 spread to other regional banks, whose stocks have plummeted.
GuestEmily Flitter () , a finance correspondent for The New York Times.
Background reading:
• The stunning demise of Silicon Valley Bank has spurred soulsearching () about how large and regional banks are overseen.
• Here’s what to know () about the bank’s collapse.
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