What is the impact of two banks going bankrupt in the US?

Banking stocks in global markets are volatile following the failures of Silicon Valley Bank and Signature Bank.

The shock waves of the collapse of two US banks have been felt around the world.

It is the biggest failure since the 2008 financial crisis, when stricter regulations came into effect.

What happened and what lessons can be learned from the past?

Presenter: Mohammed Jamjoom

Guests:

Richard Squire – Professor at Fordham University’s School of Law and an expert on bank bailouts

Vicky Pryce – Chief Economic Adviser at the Center for Economics and Business Research

Ben Aris – Founder and editor-in-chief of BNE IntelliNews