SVB’s collapse is the biggest bank failure since 2008. Insider’s Ben Bergman explains why the bank collapsed, why the Biden administration intervened, and what this means for the economy writ large.
This episode was produced by Avishay Artsy and Victoria Chamberlin, edited by Matt Collette and Amina Al-Sadi, fact-checked by Laura Bullard and Amanda Lewellyn, engineered by Paul Robert Mounsey and Patrick Boyd, and hosted by Noel King.
Transcript at vox.com/todayexplained  
Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts 
Learn more about your ad choices. Visit podcastchoices.com/adchoices