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Podcast: Business Daily
Episode: The US banking system on life support
Description: In March 2023 Silicon Valley Bank collapsed. It was the second largest banking failure in US history. The regulator, the FDIC, fired the management team and brought in a new person to run the institution while a buyer was found.As the former CEO of Fannie Mae, Tim Mayopoulus has experience of steering a bank through financial turmoil. He speaks to Sam Fenwick about how he steadied the nerves of SVB employees, customers and the global banking sector.Producer/presenter: Sam Fenwick(Photo: Man walking past SVB branch. Credit: Getty Images)