Did the Banks Just Break?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 13 March 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. markets saw more turmoil today as the fallout from Silicon Valley Bank’s failure continues to unfold. The Fed has stepped in to help depositors secure their funds from SVB and Signature Bank, and U.S. 2-Year Treasury yields endured the steepest decline since the stock market crash of 1987. Maggie Lake is joined by Daniel Lacalle, chief economist at Tressis, to give us a breakdown of the banking risks and how contagion could spread across the globe. Plus, we hear from Forkast Labs co-CEO Angie Lau on the impact SVB is having and why this issue is far from over. Check out that entire interview here: https://rvtv.io/3mMpLbf and you can find more of Daniel’s work here: https://www.dlacalle.com/en/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:23.0	Ask podcast 23 all lowercase and take your business to the next level today.
0:53.0	Today's markets.
1:01.0	Contagion contained hi everyone.
1:03.0	Welcome to the Real Vision Delhi briefing with me today to help us make sense of this banking crisis that is unfolding in the US is Danielle Kaie.
1:12.0	La Kaie Chief Economist at Trusses. Hi, Danielle.
1:15.0	Hi Maggie. How are you? Thanks for having me.
1:18.0	I'm doing well. Thanks. I'm so glad to have you with us today.
1:21.0	So much has happened over the past three days.
1:23.0	A lot of it is confusing for many of us. I know I have a lot of questions.
1:28.0	So before you even start for listeners, go ahead and you know what to do.
1:32.0	If you have questions, put them in the chat and we'll get to as many as we can.
1:37.0	So Daniel, just sort of tell me, you know, we saw the government step in crazy weekend.
1:41.0	We saw the government step in the US government stabilizes situation around Silicon Valley bank.
1:47.0	So we're going to be able to guaranteeing depositors and creating a new fund to provide loans to banks, not just not one banks under stress.
1:55.0	So what is the state of the US banking system here right now?
1:58.0	How are you feeling about the situation?
2:01.0	Well, it's very complicated because on the one hand.
	...

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