SVB, now First Republic: How it all started

2024-12-25 23:23:14 source:lotradecoin cryptocurrency news updates category:Stocks

The turmoil in the banking industry isn't over yet. Today, First Republic Bank was seized, following the failures of Signature Bank and Silicon Valley Bank back in March. How did we get here? And how do we prevent banks from failing in the future? A show-stopping mea culpa from the Federal Reserve provides some answers.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Stocks

Recommend

Drew Barrymore has been warned to 'back off' her guests after 'touchy' interviews

Drew Barrymore hopes people will become "more comfortable with physical touch" after sparking mixed

San Diego Padres clinch postseason berth after triple play against Los Angeles Dodgers

Jake Cronenworth hit a two-run home run and helped turn an around-the-horn triple play to end the ga

Rapper Fatman Scoop's cause of death revealed a month after death: Reports

A cause of death has been revealed for Fatman Scoop after the rapper died in August at the age of 56