Why Getting Bigger Can Be Risky for Midsize Banks

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 5 March 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for March 5. Larger banks have more insulation from the pressures their smaller peers face. But, there are risks in going from a midsize lender to a bigger one. Heard on the Street writer Telis Demos explains. And voters in 15 states head to the polls for Super Tuesday. National political reporter Eliza Collins has more. Plus, bitcoin hits a new record. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.0	It's super Tuesday and voters in 15 states are casting their ballots and how smaller banks ran
0:40.0	into problems when they tried to grow bigger.
0:42.3	How did they let these risks build up?
0:44.0	Why wasn't somebody saying,
0:45.0	oh, you've got too much of this interest rate risk?
0:47.4	Well, some of that was due to just how much the bank had grown.
0:50.8	Plus, Bitcoin prices soar to a new record. It's Tuesday March 5th. I'm
0:55.6	Anne-Marie Fertulli for the Wall Street Journal. This is the PM edition of
0:59.2	What's News, the top headlines and business stories that moved the world today.
1:07.0	It's primary season's biggest day, Super Tuesday, and voters in 15 states, including California, Texas, North Carolina, and Virginia are casting their ballots.
1:19.0	Most of these states are expected to fall either solidly Democratic or Republican,
1:23.5	though when it comes to the general election,
1:25.0	North Carolina is a question mark.
1:27.0	We're also watching to see whether this will be the last stand for
1:29.6	Nicky Haley as she mounts a long shot bid to prevent Donald Trump from securing the
1:33.5	GOP nomination for president. And President Biden is facing protest voting as we
	...

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