Why the banking crisis is bigger than just banks

This week in The Fin podcast, senior reporter Jonathan Shapiro on how the latest financial crisis spread across the globe, what Australian banks and regulators are doing about it and where the next fire might start.

Background reading:

• The dark side of Australian banking exceptionalism Making too-big-to-fail banks even bigger might not be the solution the global banking system needs or wants.
• Total wipeout for Credit Suisse hybrid holders rattles debt investors The total loss for hybrid holders, who have fared even worse than lower ranking equity holders, could have widespread ramifications in already skittish fixed income markets.
• Where the banking crisis goes next The speed with which the banking crisis has rolled out, and government support has rolled in, raises big questions for investors.

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