FT News Briefing

Sri Lanka has secured a $3 billion bailout from the IMF, but experts debate its sufficiency amid a severe economic crisis. Meanwhile, First Republic Bank's shares plummet following a substantial rescue deposit from major banks. The turmoil continues for Credit Suisse bondholders who are furious after $17 billion in bonds were wiped out due to UBS's acquisition. The discussion dives into the complexities of Additional Tier 1 debt, analyzing its impact on banking stability and investor confidence.

UBS's urgent acquisition of Credit Suisse for $3.25 billion has sent shockwaves through the banking industry, highlighting regulatory involvement and potential repercussions. Central banks are stepping in to stabilize markets and address liquidity concerns, while discussions around expanding deposit guarantees gain momentum. Startups are reassessing risk management strategies in light of the Silicon Valley Bank collapse, emphasizing the importance of diversifying banking partnerships to navigate future uncertainties.

Tech giants like Google and Microsoft are racing to create practical quantum computers. These machines hold the promise to tackle climate change and revolutionize drug development. Yet, significant challenges remain in harnessing quantum physics, particularly in stabilizing qubits. Investors are buzzing about its potential, but skepticism lingers among experts. With a peek inside top labs and insights from seasoned researchers, the discussion explores both the thrilling possibilities and the daunting hurdles shaping the future of this groundbreaking technology.

Major U.S. banks have united to pump $30 billion into First Republic Bank, a bold move amid financial turbulence. The European Central Bank has hiked interest rates by half a percentage point, stirring further economic tension. Meanwhile, in France, President Macron has opted to bypass lawmakers to implement contentious pension reforms, igniting public protests and political instability. The podcast also examines HSBC's strategic acquisition of Silicon Valley Bank UK's assets, highlighting the banking sector's changing landscape.

The Swiss central bank steps in to support Credit Suisse, following a dramatic drop in its shares. Meanwhile, UK Chancellor Jeremy Hunt unveils a bold budget plan, expanding free childcare to boost economic growth. Volkswagen is making waves with a hefty €180 billion investment in electric vehicles, aiming to adapt to changing regulations. These topics highlight the intersection of financial stability and ambitious governmental initiatives in a rapidly evolving economic landscape.

Private equity firms are eyeing loan purchases from Silicon Valley Bank as the Federal Reserve grapples with rising inflation and potential financial instability. Questions arise about regulatory oversights related to SVB's collapse. Meanwhile, the US, UK, and Australia unveil plans for a long-term submarine partnership that may boost jobs and industry. The implications of recent economic indicators and regulatory rollbacks further complicate the Fed's strategies, underscoring a tightrope walk between inflation control and bank stability.

The collapse of a major U.S. bank sent shockwaves through global markets, prompting investors to seek safer options. Regional banks faced significant sell-offs, raising concerns about deposit outflows, particularly from tech-linked institutions. As tensions rise, venture capitalists are scrutinized for their roles in the panic. Government efforts to stabilize the banking system are met with ongoing anxiety from depositors. Experts reflect on whether current market reactions are justified and the broader implications of the banking crisis.

The dramatic collapse of Silicon Valley Bank has sent shockwaves through the tech industry, marking a significant regulatory crisis. The podcast examines the risky decisions that led to its downfall and the government's efforts to protect depositors without a bailout. Additionally, the rising trend of disposable vapes raises serious environmental concerns, with millions of devices contributing to electronic waste and showcasing poor recycling practices. The discussion also highlights the broader implications for stakeholders and new startups.

Delve into the world of Q-Day, the date when quantum computers could crack internet encryption. Cybersecurity expert Mark Carney reveals the implications of this revolutionary technology. Mathematician Peter Shor recounts his groundbreaking discovery that showcases quantum computing's potential. Leaders like Jack Hidary warn of immediate threats from quantum advancements, while cryptographer Dan Bernstein highlights the necessity for new math-based defenses. The discussion balances excitement for the future with concerns over current encryption vulnerabilities.

Major US banks are feeling the pinch after Silicon Valley Bank's crisis sent shares plummeting. Meanwhile, the UK and France are trying to rekindle relations in the wake of Brexit tensions. On the financial front, Mexico's peso is soaring despite economic struggles, driven by high interest rates and increased corporate investment. Lastly, a former Goldman Sachs banker faces a decade behind bars for fraud, highlighting ongoing issues within the financial sector.