Why the Banking Crisis Isn’t Over Yet

<p>In the past week, as spooked customers frantically withdrew $42 billion from Silicon Valley Bank, the U.S. government stepped in to craft a rescue operation for the failed lender.</p><p>But efforts to contain the crisis have met resistance, and the fallout of the collapse has already spread to other regional banks, whose stocks have plummeted.</p><p>Guest: <a href="https://www.nytimes.com/by/emily-flitter">Emily Flitter</a>, a finance correspondent for The New York Times.</p><p>Background reading: </p><ul><li>The stunning demise of Silicon Valley Bank has<a href="https://www.nytimes.com/2023/03/15/business/economy/silicon-valley-bank-federal-reserve-regulation.html"> spurred soul-searching</a> about how large and regional banks are overseen.</li><li><a href="https://www.nytimes.com/live/2023/03/13/business/silicon-valley-bank#heres-what-you-need-to-know-about-silicon-valley-bank">Here’s what to know</a> about the bank’s collapse.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday.</p>