Evening Edition: What A Pair Of Bank Failures Mean To Average Americans

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 13 March 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two banks have been shut down by federal regulators in a matter of three days, Silicon Valley Bank in California and Signature Bank in New York. Now, federal regulators and President Biden are trying to ease the fears of everyday investors. FOX's Eben Brown spoke with Tammy Trenta, Founder and CEO of asset management firm Family Financial, about the failures, what led to them and why the average American should not panic. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Royal London, the UK's largest mutual, life, pensions and investment company.
0:08.0	What even is a mutual anywhere? Well, Royal London is customer owned.
0:12.0	It has been since 1861. They work to support customers and wider society,
0:17.0	to help build financial resilience, while investing responsibly,
0:21.0	to help build a future worth returning into.
0:23.0	It really is everyone's business.
0:26.0	Learn more at RoyalLondon.com slash mutuality.
0:30.0	I'm Stuart Vaughnick. I'm Harris Faulkner.
0:32.0	I'm Brian Kilmeade, and this is The Fox News rundown.
0:39.0	Monday, March 13, 2023, I'm Evan Brown.
0:44.0	Two big banks in just a matter of days go belly up,
0:47.0	but now the feds are taking over and promising to get everybody their money.
0:53.0	But how do average American banking customers need to be concerned?
0:58.0	People need to feel like their money is safe.
1:01.0	People need to feel like the US banking system is resilient,
1:05.0	so they needed to take that step.
1:07.0	This is The Fox News rundown Evening Edition.
1:15.0	When Fiona started fees fancy flowers,
1:17.0	she used a fax machine to get in touch with her suppliers,
1:21.0	her investors and her customers too.
1:24.0	But as her business went from 100 customers to 10,000,
1:28.0	she realized it was time to finally embrace modern technology.
	...

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