American Bank Carnage part 2

On St. Patrick’s Day, we go beyond the parades and pints to ask: what does the Irish diaspora actually mean for Ireland today? From the Presbyterian migrants who helped shape revolutionary America, to the famine generation who built the unions, churches, police forces, and politi ...  Show more

What happens to the global economy when a war erupts at the world’s most important energy choke point? In this episode, we trace the economic shockwaves already rippling out from Iran: surging oil and gas prices, rising shipping and insurance costs, higher food and fertilizer bil ...  Show more

It’s been a year since Silicon Valley Bank’s collapse left everyone worried that the US’s banking sector sat on shaky ground. Despite that turmoil, one bank stands out: JPMorgan Chase. The largest bank in the country, JPMorgan took home record profits in 2023, and its dom ...

Every major U.S. stock market plunged on Monday, wiping out billions of dollars in value.

Jeanna Smialek, who covers the U.S. economy for The Times, discusses what was behind the dizzying sell-off — and what it can tell us about whether America is headed for a recession. ...

On today’s show we are talking about the coming financial crisis. You might be wondering how I can say that. We are not seeing more bank failures since the failure of First republic Bank. 

We are seeing signs of it creeping into the news headlines. Yesterday’s Wall Stre ...

Banks in the US are locked in a bitter fight with regulators. It’s all about a proposed set of rules with an unusual name, Basel III Endgame. Regulators say the rules will help avoid future banking crises. Banks say they’re overkill and could hurt everyday Americans. The FT’s ...