Deja vu? Another weekend of bank turmoil
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It's been a tough couple of weeks for the global banking sector — the embattled lender Credit Suisse was purchased by fellow Swiss rival UBS for a motley sum of around $3 billion. University of Michigan professor Erik Gordon explains what that means amid the wider unease about the financial sector. Meanwhile, the Fed was one a group of the world's central banks that came up with system to ensure banks have cash if they need it. And, a look into what's happened to Signature Bank since it was acquired by federal regulators little over a week ago.
Segments From this episode
Long-embattled Credit Suisse bought by rival UBS
Erik Gordon, professor at the University of Michigan, explains what led to this turn of events for the struggling financial giant.
Failed Signature Bank rebrands post-acquisition
Marketplace’s Nova Safo delves into what’s happened to the bank since being shuttered by regulators this month.
David Brancaccio Host
Leanna Byrne Host, BBC
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