Business Daily
Business Daily
The US banking system on life support
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5 June 2023
18 minutes
Available for over a year
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)
