Current:Home > InvestHow Silicon Valley Bank Failed, And What Comes Next-DB Wealth Institute B2 Expert Reviews
How Silicon Valley Bank Failed, And What Comes Next
View Date:2025-01-13 14:39:40
The Biden administration took extraordinary measures to protect the accounts of customers at two banks that failed over the past few days: Silicon Valley Bank and Signature Bank.
Federal regulators said Sunday that they were taking the emergency measures to prevent contagion at other small and regional banks in the wake of Silicon Valley Bank's implosion.
NPR's David Gura reports that, despite those measures, many bank stocks plunged on Monday.
And former Congressman Barney Frank, a Democrat who sponsored new banking regulations in the wake of the 2008 financial crisis, explains what he thinks went wrong at the banks. Frank more recently also served on the board of Signature Bank.
In participating regions, you'll also hear a local news segment to help you make sense of what's going on in your community.
Email us at considerthis@npr.org.
This episode was produced by Connor Donevan. It was edited by Christopher Intagliata, Rafael Nam, Sarah Handel and William Troop. Our executive producer is Sami Yenigun.
veryGood! (198)
Related
- Shaboozey to headline halftime show of Lions-Bears game on Thanksgiving
- US seeks new pedestrian safety rules aimed at increasingly massive SUVs and pickup trucks
- Kathy Bates announces retirement after 'Matlock' reboot: 'It's exhausting'
- Disney Launches 2024 Family Holiday Pajamas: Unwrap the Magic With Must-Have Styles for Everyone
- Prosecutor failed to show that Musk’s $1M-a-day sweepstakes was an illegal lottery, judge says
- YouTube removes right-wing media company's channels after indictment alleges Russian funding
- Granola is healthier than you might think, but moderation is still key
- Why seaweed is one of the best foods you can eat when managing your weight
- Minnesota county to pay $3.4M to end lawsuit over detainee’s death
- Justin Fields hasn't sparked a Steelers QB controversy just yet – but stay tuned
Ranking
- Groups seek a new hearing on a Mississippi mail-in ballot lawsuit
- A 9/11 anniversary tradition is handed down to a new generation
- Anna Nicole Smith’s Daughter Dannielynn Gets Gothic Makeover for Her 18th Birthday
- What is world's smallest cat? Get to know the tiniest cat breed
- Diamond Sports Group can emerge out of bankruptcy after having reorganization plan approved
- Why Amy Adams Invites Criticism for Nightb--ch Movie
- A look at some of the oldest religious leaders in the world
- Why Paris Hilton Doesn’t Want Her Kids to Be Famous
Recommendation
-
Mississippi Valley State football player Ryan Quinney dies in car accident
-
New York site chosen for factory to build high-speed trains for Las Vegas-California line
-
Why Paris Hilton Doesn’t Want Her Kids to Be Famous
-
Horoscopes Today, September 7, 2024
-
Celtics' Jaylen Brown calls Bucks' Giannis Antetokounmpo a 'child' over fake handshake
-
Google faces new antitrust trial after ruling declaring search engine a monopoly
-
Lower rates are coming. You should check your CD rates now to keep earning, experts say.
-
Cantaloupe recalled for possible salmonella contamination: See which states are impacted