Money Talks: What went wrong at SVB?
Money Talks from The Economist
English - March 16, 2023 20:52 - 44 minutes - 101 MB - ★★★★ - 675 ratingsBusiness News News business and finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Until last week, most people beyond California and the tech world probably hadn’t heard of Silicon Valley Bank, but its swift collapse made headlines across the globe.
On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird examine what brought the bank down and to what extent the panic has been contained–or might still be spreading. Peter Conti-Brown from University of Pennsylvania’s Wharton School says incompetence was behind the bank’s collapse. And former Treasury Secretary Larry Summers tells them the US government’s decision to guarantee deposits should be enough to restore confidence in the banks and prevent fear spreading.
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