After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss government and Credit Suisse’s crosstown rival, UBS, raced against the clock to avert disaster. The FT’s banking editor Stephen Morris provides a front row look at how the deal came together. Clips from Bloomberg, CNBC, BBC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How the Swiss ‘trinity’ forced UBS to save Credit Suisse  Credit Suisse: the rise and fall of the bank that built modern Switzerland  Saudi National Bank chair resigns following Credit Suisse comments And further listening: Behind the Money's December 2022 episode, Credit Suisse's last chance - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Stephen Morris (@sjhmorris) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The collapse of Silicon Valley Bank last week raised questions about the strength of the United States’ banking system, and whether we’re headed for another financial crisis. The FT’s US financial commentator Robert Armstrong tells us why he’s not freaking out.  Clips from CBS, NBC, CNN, DW - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: SVB was only a little bit insolvent, luckily SVB’s collapse is not a harbinger of another 2008 The weekend US officials hatched a plan to stave off a banking crisis  Silicon Valley Bank shows the perils of regulators fighting the last war For further discussion:  Join an FT subscriber-only webinar on SVB’s collapse and the fallout, featuring Robert Armstrong and other FT journalists and guests, on Thursday March 16 1600-1700 GMT (1200-1300 ET). Register here.  - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Robert Armstrong (@rbrtrmstrng) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.