Watch Clip
Financial Expert on the Collapse of SVB and Credit Suisse
17m 57s
Banking stocks were hammered again this week by anxiety we haven’t seen since the 2008 global financial crisis. Confidence has crumbled since the collapse of two regional U.S. banks, resulting in last-minute emergency measures to bail out Credit Suisse. The Federal Reserve nudged interest rates higher on Wednesday, calling the situation "uncertain." Walter Isaacson speaks with William Cohan.