Jun 29, 2017

06/29/2017: Big banks in the safe zone

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All 34 big banks passed their Federal Reserve stress tests, which were implemented after the last financial crisis to test how these banks can withstand future disasters. Marketplace's Marielle Segarra explains just how safe this should make us feel. And we explore the opposite end of the spectrum from America's biggest banks — the world of those who are unbanked — with Lisa Servon, who worked as a check casher and payday lender to better understand the system.

Segments From this episode

As retailers suffer, Nike wants to just sell things itself

Jun 29, 2017
The shoemaker is cutting its workforce and will sell in its own space.
Shoppers exit the Nike SoHo store in New York City.
Drew Angerer/Getty Images

Who are the unbanked?

Jun 29, 2017
Income volatility is increasingly driving low- and middle-income Americans to check cashers and payday lenders.
Oli Scarff/Getty Images

Debt: Another big congressional battle on the horizon

Jun 29, 2017
The Congressional Budget Office is expected to release a report today on the country’s debt ceiling. The debt limit, which caps the amount the United States can borrow, was reinstated back in March. And the Treasury Department began using what are called “extraordinary measures” to help cover its obligations. But those will run out at […]

06/29/17: Graduation day for big banks

Jun 29, 2017
All 34 big banks should be strong enough to endure another financial crisis, according to their scores from the Federal Reserve stress tests. So what's next? Time to deregulate? We talk to Diane Swonk, CEO of DS Economics, about what these results really mean. Plus, how the Congressional Budget Office (CBO) dodges the debt ceiling and why Nike's move to reach customers directly has sporting goods retailers' shares falling.

All 34 big banks passed their Federal Reserve stress tests, which were implemented after the last financial crisis to test how these banks can withstand future disasters. Marketplace’s Marielle Segarra explains just how safe this should make us feel. And we explore the opposite end of the spectrum from America’s biggest banks — the world of those who are unbanked — with Lisa Servon, who worked as a check casher and payday lender to better understand the system.

The team

Stephen Ryan Producer, BBC