Martin Wolf on why banks fail and what to do about it

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 22 March 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Credit Suisse… Silicon Valley Bank… Signature Bank… First Republic… After weeks of breaking headlines about banks in crisis, we are taking a big picture look at the sector with the FT’s chief economics commentator, Martin Wolf. In this episode, he explains why banks fail, and lays out the four paths that banking reform could take in the future.

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For further reading:

Banks are designed to fail — and they do

US capitalism is ‘breaking down before our eyes’, says Ken Griffin

How the Swiss ‘trinity’ forced UBS to save Credit Suisse

Four ways to fix the bank problem

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On Twitter, follow Martin Wolf (@martinwolf_) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Could it be a alternative?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI, scaling human decisions through tech.
0:26.6	Visit clarity.
0:27.7	AI and take action today.
0:30.9	Over the last few weeks, there's been so much news coming out of the banking sector.
0:36.2	We've jumped from crisis to crisis on one continent to another.
0:41.2	It's been hard to keep up with it all, but it's also had me wondering, why is this happening?
0:47.0	Is there something bigger that I need to understand here?
0:51.0	So in a time like this, I figured who better to turn to than my
0:56.6	colleague Martin Wolf? He's the F.T's chief economics commentator, and I wanted to talk with him so I could get beyond the day-to-day
1:05.1	headlines of what's happening and move to a more existential place.
1:11.3	A bank is designed to fail.
1:13.0	See what I mean?
	...

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