SVB's Closure Could Spark a Contagion Among Other Banks

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Coming up on today explained there were fears that SVB's closure could spark a contagion among other banks. Ben Bergman of Insider takes us through the likelihood of such an occurrence and Ben will answer the big question. Did the federal government's move to shore up deposits at these failed banks put in end to fears of a broader economic collapse? Don't look now but there's something funny going on over there at the bank, George. I've never really seen one but that's got all the earmarks to be in a run.

SVB’s collapse is the biggest bank failure since 2008. Insider’s Ben Bergman explains why the bank collapsed, why the Biden administration intervened, and what this means for the economy writ large.

This episode was produced by Avishay Artsy and Victoria Chamberlin, edited by Matt Collette and Amina Al-Sadi, fact-checked by Laura Bullard and Amanda Lewellyn, engineered by Paul Robert Mounsey and Patrick Boyd, and hosted by Noel King.

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