Who will pay the bill for these bank failures?
Mar 14, 2023

Who will pay the bill for these bank failures?

Since the government takeover of the failed Silicon Valley and Signature banks, questions have been swirling about where the money is coming from to ensure depositors' money. We look at the agencies involved and how costs may eventually be passed on to consumers, despite officials' assurances to the contrary. Amid the SVB crisis, there's also been a reckoning about the rules and oversight that govern small and medium-sized financial institutions. And, schools in parts of Maine are seeing an unexpected drop in funding because of higher property values in surrounding communities. 

Segments From this episode

Who's responsible for paying the failed banks’ depositors?

Mar 14, 2023
The money’s coming from a fund run by the FDIC that derives most of its revenue from banks.
The Federal Deposit Insurance Corporation, which insures bank deposits, said it will shoulder the load of covering deposits at the failed Silicon Valley and Signature banks.
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The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC