Slate Money - Normal Bank Failure
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 18 March 2023
⏱️ 53 minutes
🧾️ 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.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hello! Hello. |
| 0:15.0 | Welcome to the normal bank failure episode of Slate Money. |
| 0:20.0 | Your guide to the Business and Finance News of the Week. |
| 0:23.0 | I'm Felix Hammond of Axios. |
| 0:25.0 | Emily Peck of Axios is also here. |
| 0:28.0 | Elizabeth Spires is here. |
| 0:31.0 | Hello. |
| 0:32.0 | And yeah, we're going to have a second bank episode in a row. |
| 0:36.0 | Last week was recorded before everything went completely bare shape. |
| 0:40.6 | This week is recorded after everything went completely bare shape. |
| 0:44.0 | So we are going to talk about Silicon Valley Bank, Signature Bank, Credit Suisse, First Republic, |
| 0:49.0 | a little bit of Silvergate. |
| 0:50.0 | We are going to dive into answering your questions. Thank you for sending them in. |
| 0:55.6 | We are going to talk about monetary policy. We're going to talk about bank regulation and |
| 0:59.9 | basically we are going to explain what the hell just happened. It's all coming up on |
| 1:05.8 | slate money. |
| 1:08.8 | This episode is brought to you by Revolute. Revolute is your perfect travel |
| 1:13.8 | companion for all things money. You can spend in over 150 currencies with great |
| 1:18.8 | exchange rates and withdraw from ATMs all over the world with no charges from Revolute within your plan allowance. |
| 1:25.2 | Sign up to Revolute at Revolute.com slash Podcast reward and receive 20 pounds when you make your first purchase with Revolute. |
| 1:32.6 | Until 18 of June 2024, 18 plus, T's and C supply, exchange fees and fair usage limits supply. |
| 1:38.4 | So let's jump in with Silicon Valley Bank, which we did cover a little bit on the Slate Plus last week. |
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