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Banking sector fears continue after major failures. What happens next?

Published March 15, 2023 at 12:11 PM CDT

Concerns about the state of the banking sector remain, following a turbulent week. New details of the effort to stave off a wider collapse over this weekend have come to light, painting a panicked picture from within the Federal Reserve and Federal Deposit Insurance Corporation. Now, a top Swiss bank is showing signs of vulnerability, causing further anxiety.

Here & Now‘s Robin Young speaks to Gretchen Morgenson, Pulitzer Prize-winning senior financial reporter for NBC News Investigative Unit. Find her latest reporting at nbcnews.com.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

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