SVB, now First Republic: How it all started

2025-01-19 11:20:53 source: category:Invest

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:Invest

Recommend

Surprise bids revive hope for offshore wind in Gulf of Mexico after feds cancel lease sale

A surprise pitch from a Chicago company with no experience building offshore wind farms has reignite

Joey Chestnut remains hot dog eating champ. Here's how many calories he consumed during the event.

Another Fourth of July means another round of competitive hot dog eating — and lots of calories cons

Maternal deaths in the U.S. more than doubled over two decades with Black mothers dying at the highest rate

Maternal deaths across the U.S. more than doubled over the course of two decades, and the tragedy un