After Hours Special: The Crisis in Banking

After Hours

TED Audio Collective / Youngme Moon, Mihir Desai, & Felix Oberholzer-Gee

Hbr, Business/investing, Ideas, Mba, Economics, Professor, Business/management, News/business News, Management, News, Presents, Finance, Faculty, Harvard, Business

4.8 • 1.4K Ratings

🗓️ 21 March 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mihir and Felix think about the current crisis in banking. Why did Silicon Valley Bank fail? Is the demise of Credit Suisse a result of the contagion in the United States? And what’s the future of banking? Will the big banks get even bigger? Even more prone to fail? Would we be better off if all deposits were insured? If banks were kept to a smaller size?

Transcript

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0:00.0	I would like to tell you about a great new show from Ted called Fixable.
0:11.1	It's hosted by a colleague of mine, Harvard Business School Professor Francis Fry and
0:15.8	her wife, Leadership Coach Anne Morris.
0:19.1	On Fixable, they talk to listeners about workplace issues and give advice what's helped solve
0:24.5	these kinds of problems at some of the world's largest companies.
0:28.8	For Francis and Anne, no problem is too big or too small.
0:33.6	Find Fixable wherever you listen to podcasts.
0:38.8	Hello everyone, this is a special edition of After Hours, I'm Felix, and I'm me here.
0:52.9	And we're here to talk about the world of banking.
0:55.6	Yeah.
0:56.6	It's like such a boring world, but once in a while, it gets a little too interesting.
1:01.3	It gets a little bit too interesting, right?
1:03.6	So I've been dying to talk to you a little bit about two things, you know, really first
1:07.5	the US version of this, which is Silicon Valley Bank and everything else that's going
1:11.2	on there.
1:12.2	Signature, yes.
1:13.2	And then Credit Suisse, of course, Felix.
1:15.4	Yeah.
1:16.4	You know, I happen to be in Switzerland this week.
1:19.1	Ah, that helps explain everything Felix.
1:21.8	Yes, of course.
1:23.8	I broker everything in the background.
	...

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