Slate Money: Normal Bank Failure

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 18 March 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers dive into the drama in the banking world. They discuss the fallout of the collapse of Silicon Valley Bank and its subsequent government takeover. They also take some listener questions about SVB! Felix, Emily and Elizabeth also discuss Credit Suisse, and how government policy may change for banks that are “too big to fail”. In the Plus segment: What was it like to have an SVB bank account in the last week? Podcast production by Anna Phillips and Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the normal bank failure episode of Slate Money.
0:20.4	Your guide to the business and finance news of the week.
0:23.4	I'm Felix Salmon of Axios.
0:25.8	We are going to have a second bank episode in a row last week with you know recorded
0:37.9	before everything went completely bear shape.
0:40.6	This week is recorded after everything went completely bear shape.
0:44.2	So we are going to talk about Silicon Valley Bank, Cigarettes, Sweets, First Republic,
0:49.0	a little bit of Silvergate.
0:50.6	We are going to dive into answering your questions.
0:54.3	Thank you for sending them in.
0:56.0	We are going to talk about monetary policy.
0:57.8	We're going to talk about bank regulation and basically we are going to explain what
1:02.1	the hell just happened.
1:03.9	It's all coming up on Slate Money.
1:09.3	At three business we think you should be paying less and getting more.
1:13.2	With our boundless business offer the more sims you buy the more you save.
1:17.6	With up to 20 sims for only 10 pounds a month each.
1:20.7	That means unlimited calls, texts and data for the whole team without any data caps or
1:25.7	limits.
1:26.8	That really is more for less.
1:29.3	Search three business or visit us in store.
1:32.1	Unlimited in the UK.
	...

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