How Do Banks Go Bankrupt?
The US is in a 'banking crisis' with a number of banks going bust and potentially hundreds more on shaky ground. The same has also been happening in Europe over the past few weeks.
It's got us wondering, with the global financial systems now being so much more interconnected, could that happen here in Australia?
In todays episode we speak to an expert to find out the likelihood of one of our big four going under, and what would happen if they did.
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Host: Claire Murphy
With thanks to:
Associate Professor Mark Laurence Humphrey-Jenner - School of Banking and Finance at UNSW Business School.
Producer: Claire Murphy
Executive Producer: Kally Borg
Audio Producer: Thom Lion
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