The threat of “moral hazard” post-SVB collapse
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Part of the government's rescue actions amid the collapse of Silicon Valley Bank and Signature Bank was the establishment of a new Fed emergency lending program for banks in crisis. According to analyst Joseph Wang, the program could incentivize riskier behavior at banks. Credit Suisse, one of the world's largest banks, has been extended a lifeline by the Swiss central bank. And, Biden administration has proposed stricter standards to regulate so-called "forever chemicals" in drinking water.
Segments From this episode
Credit Suisse saved by Swiss creditors
The BBC's Leanna Byrne reports on the latest developments at the embattled bank.
Could the Fed's new emergency bank lending program encourage risky behavior?
The Fed's new program may incentivize banks to take more risks, says analyst Joseph Wang.
EPA proposes new limits on forever chemicals in drinking water
PFAS are linked to health issues including cancer. Critics are concerned about the costs of complying with the proposed standards.
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