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Wednesday

A Great Recession bank takeover
Karen Bleier/AFP via Getty Images

Planet Money

A Great Recession bank takeover

Earlier this month, we saw the largest bank collapse since the 2008 financial crisis. For many of us, seeing Silicon Valley Bank's meltdown brought us right back to that time 15 years ago, at the beginning of what would become the Great Recession.

A Great Recession bank takeover

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Monday

First Republic Bank shares sink to another record low, but stock markets are calmer

The First Republic Bank sign is shown in Oakland, Calif., in front of one of the lender's offices on March 16, 2023. First Republic shares continued to fall on Monday amid concerns about its financial health. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

Business

First Republic Bank shares sink to another record low, but stock markets are calmer

Shares in the midsized lender continued to tumble as fears grow about First Republic's financial health grow even after it received a $30 billion lifeline from its bigger rivals last week.

New York Community Bank agrees to buy a large portion of Signature Bank

A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp., said late Sunday, March 19, 2023. Bobby Caina Calvan/AP hide caption

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Bobby Caina Calvan/AP

Business

New York Community Bank agrees to buy a large portion of Signature Bank

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank's subsidiaries.

Friday

Banks gone wild: SVB, Signature and moral hazard
Spencer Platt/Getty Images

The Indicator from Planet Money

Banks gone wild: SVB, Signature and moral hazard

The collapse of Silicon Valley Bank continues to ripple across banking and tech. Today, three indicators on the fallout, including what's next for some startup CEOs and why you might be hearing the term, moral hazard. And we talk about the other bank failure that's been overshadowed by SVB, New York-based Signature Bank.

Banks gone wild: SVB, Signature and moral hazard

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Thursday

First Republic becomes the latest bank to be rescued, this time by its rivals

A customer exits a First Republic Bank branch in Manhattan Beach, Calif., on March 13, 2023. The midsized lender was rescued by a group of top banks after suffering an exodus of depositors following the collapse of two U.S. banks. Patrick T. Fallon/AFP via Getty Images hide caption

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Patrick T. Fallon/AFP via Getty Images

Business

First Republic becomes the latest bank to be rescued, this time by its rivals

The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.

Wednesday

Stocks drop as fears grow about the global banking system

Traders work on the floor of the New York Stock Exchange in New York City on Tuesday. Stocks tumbled on Wednesday amid fears that worries about the banking system were widening to other parts of the world. Timothy A. Clary/AFP via Getty Images hide caption

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Timothy A. Clary/AFP via Getty Images

Business

Stocks drop as fears grow about the global banking system

A drop in shares of European lender Credit Suisse sparked fears that banking turmoil is spreading around the world.

Stocks drop as fears grow about the global banking system

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Tuesday

Will the FDIC's move to cover uninsured deposits set a risky precedent?

The FDIC normally insures deposits up to $250,000. It made an exception when Silicon Valley Bank and Signature Bank collapsed, guaranteeing all deposits at both banks. Peter Morgan/AP hide caption

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Peter Morgan/AP

Economy

Will the FDIC's move to cover uninsured deposits set a risky precedent?

Some say the decision to guarantee deposits beyond the typical $250,000 limit was necessary to keep the financial system stable. Others argue this sets a bad precedent if other banks run into trouble.

Will the FDIC's move to cover uninsured deposits set a risky precedent?

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Monday

Silicon Valley Bank's fall shows how tech can push a financial panic into hyperdrive

A pedestrian speaks on a mobile telephone as he walks past Silicon Valley Bank's headquarters in Santa Clara, Calif., on Friday after a run on deposits made it no longer tenable for the bank to stay afloat on its own. Noah Berger/AFP via Getty Images hide caption

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Noah Berger/AFP via Getty Images

Business

Silicon Valley Bank's fall shows how tech can push a financial panic into hyperdrive

Bank runs, by their very nature, happen fast. But in an age of instant communication, social media and money transfers at the touch of a button, they can now happen in the blink of an eye.

Banking shares slump despite U.S. assurances that deposits are safe

Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) in New York City on March 10, 2023. Bank shares slumped on Monday despite U.S. regulator action to protect deposits at Silicon Valley Bank and Signature Bank. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

Business

Banking shares slump despite U.S. assurances that deposits are safe

The declines come despite emergency measures by regulators to protect depositors at Silicon Valley Bank and Signature Bank and President Biden's remarks to reassure Americans.