Mar 27, 2023
Some businesses are now more skeptical of using smaller banks
Patrick T. Fallon/AFP via Getty Images
The recent turmoil in the banking sector has spooked a number of consumers into moving their deposits from smaller financial institutions to larger ones. We look at what's driving that shift, as well as what it could mean if the trend continues. First Citizens Bancshares, which is based in North Carolina, will acquire a large chunk of the assets of the collapsed Silicon Valley Bank. And, a recent recall of eyedrops issued by a couple of companies raises the question of how a recall affects consumers and businesses.
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Segments From this episode
First Citizens Bank acquires some assets from defunct SVB
Marketplace’s Nova Safo reports on the latest developments.
Will Russell/Getty Images
Music from the episode
Space Oddity - 2015 Remaster David Bowie
The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Ariana Rosas
Producer
Jarrett Dang
Digital Producer (gone fishing)
Jesson Duller
Media Producer
Brian Allison
Technical Director
Nick Esposito
Media Producer
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Olie D'Albertanson
Producer, BBC
