Economy

Banking Crisis: How Deep Does it Go?

First Republic Bank became the second largest bank to fail in the US on Monday, and the third bank to do so since March. The Federal Reserve’s increase in interest rates led to the bank’s collapse, and it was subsequently seized by the government and sold to JPMorgan Chase.

Chris Caruso from the Kairos Center for Religions, Rights & Social Justice discusses how the Federal Reserve is intentionally implementing policies that lead to more bank failures and runs.

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Rania Khalek

Rania Khalek is an award-winning Lebanese-American journalist and host of Dispatches on Breakthrough News, where she investigates the global consequences of imperialism, war, and systemic oppression. With over a decade of frontline reporting from conflict zones and marginalized communities, her work has been featured in The Nation, The Intercept, Al Jazeera, FAIR, and The Electronic Intifada, where she served on the editorial board.

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