25 min listen
Fed Support and Bank Failures
ratings:
Length:
20 minutes
Released:
May 8, 2023
Format:
Podcast episode
Description
Recent trauma in the financial sector brought down a $200B US bank in short order, with over $40B being pulled out on a single Thursday. Other banks have either failed or been rescued by the Fed and trillion-dollar banks. The pain is experienced well beyond the US too, with the forced marriage of two systemically important Swiss banks following SVB's failure. The Fed has promised to make depositors whole, so there has been no loss of funds or long-term freezing of balances for individuals or corporates. Does this represent unlimited and permanent insurance coverage by the Fed? They showed up for these events. When won’t they show up with coverage? Listen in as Craig Jeffery and George Zinn discuss these important topics.
Released:
May 8, 2023
Format:
Podcast episode
Titles in the series (100)
#1 - Treasury Fraud: What You Should Know: Crime pays better now than before since criminals find more ways to steal and wreak havoc. Treasury and IT must be prepared to confront the massive and growing threat. Hear what the criminals are doing and what your organization must do to... by The Treasury Update Podcast