The Fed Shouldn't Pause?

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U.S. government prosecutors are now investigating the Silicon Valley bank failure. Critics say they missed warning signs like the rapid jump in deposits at the bank. The FT's Tefania Palmer says another red flag was the bank's growing reliance on a government-linked institution that supports regional lenders.

The world’s largest private investment firms are exploring the purchase of loans from the remains of Silicon Valley Bank, the Federal Reserve is caught between high inflation and financial instability, and US regulators are facing questions over whether they missed signs of mounting problems at SVB. Plus, Australia, the US and the UK announced details of a long-term plan to supply Australia with nuclear-powered submarines.

Mentioned in this podcast:

Buyout titans weigh purchases from Silicon Valley Bank loan book

US consumer prices rise 6% at tricky time for Fed amid SVB fallout

Regulators face questions over missed warning signs at Silicon Valley Bank

Aukus defence pact’s political pay-off will be a jobs bonanza

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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