SVB jitters spread to global markets
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The collapse of Silicon Valley bank rattled global markets, investors continue to worry about banks, US regional banks were hit hard by a sell-off, and venture capitalists are pointing fingers at each other for their role in the bank run on SVB that precipitated its demise.
Mentioned in this podcast:
California bank failure shakes global financial stocks
US and European bank stocks tumble as investors fret over SVB fallout
First Republic and other US regional banks tumble over fears of deposit flight
Recriminations fly as venture capitalists contemplate Silicon Valley Bank’s collapse
Biden audio credit: C-Span
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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