Some businesses are now more skeptical of using smaller banks
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The recent turmoil in the banking sector has spooked a number of consumers into moving their deposits from smaller financial institutions to larger ones. We look at what's driving that shift, as well as what it could mean if the trend continues. First Citizens Bancshares, which is based in North Carolina, will acquire a large chunk of the assets of the collapsed Silicon Valley Bank. And, a recent recall of eyedrops issued by a couple of companies raises the question of how a recall affects consumers and businesses.
Segments From this episode
First Citizens Bank acquires some assets from defunct SVB
Marketplace’s Nova Safo reports on the latest developments.
When a product recall goes out, what happens to competitors' sales?
It depends on why the recall was issued and how essential the item is.
Bank failures have some small businesses reconsidering where they park their money
Some have been moving money to "too big to fail" banks. Others are sticking with community institutions.
David Brancaccio Host
Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer/Director
Jarrett Dang Digital Producer
Jesson Duller Media Producer
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC