![The US banking system on life support - podcast episode cover](http://ichef.bbci.co.uk/images/ic/3000x3000/p09r4c3q.jpg)
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)