The US banking system on life support - podcast episode cover

The US banking system on life support

Jun 05, 202318 minTranscript available on Metacast
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Episode description

In March 2023 Silicon Valley Bank collapsed. It was the second largest banking failure in US history. The regulator, the FDIC, fired the management team and brought in a new person to run the institution while a buyer was found.

As the former CEO of Fannie Mae, Tim Mayopoulus has experience of steering a bank through financial turmoil.

He speaks to Sam Fenwick about how he steadied the nerves of SVB employees, customers and the global banking sector.

Producer/presenter: Sam Fenwick

(Photo: Man walking past SVB branch. Credit: Getty Images)