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Should the US bank collapse have Australia worried?
The collapse of Silicon Valley Bank - the second biggest in US history - has triggered fresh fears the entire financial sector may be under threat.
Depositors lined up to withdraw their money from SVB and other banks before they folded within days.
But should Australians be concerned about our own financial institutions?
Today, technology editor for the Sydney Morning Herald and The Age Nick Bonyhady joins Julia Carr-Catzel on the fragility of the financial sector.
Subscribe to The Age & SMH: https://subscribe.smh.com.au/
See omnystudio.com/listener for privacy information.
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By The Age and Sydney Morning Herald
4.3
1818 ratings
The collapse of Silicon Valley Bank - the second biggest in US history - has triggered fresh fears the entire financial sector may be under threat.
Depositors lined up to withdraw their money from SVB and other banks before they folded within days.
But should Australians be concerned about our own financial institutions?
Today, technology editor for the Sydney Morning Herald and The Age Nick Bonyhady joins Julia Carr-Catzel on the fragility of the financial sector.
Subscribe to The Age & SMH: https://subscribe.smh.com.au/
See omnystudio.com/listener for privacy information.
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