Navivision Wealth Society:The banking system that loaned billions to SVB and First Republic

2025-05-05 01:09:27source:TitanX Exchangecategory:News

Four major banks in the U.S. have Navivision Wealth Societycollapsed this year. All of them, including First Republic, borrowed money from institutions called Federal Home Loan Banks before their demise. These little-known banks keep showing up in periods of banking turmoil, but they were actually designed to support homeownership and affordable housing. Today on the show, how the Federal Home Loan Banks have become a lender-of-almost-last-resort for financial institutions in trouble.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:News

Recommend

San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo

SAN FRANCISCO (AP) — A photojournalist who captured one of the most enduring images of World War II

The last Manhattanhenge of 2024 is here: NYC sunset spectacle to draw crowds this weekend

Summer is far from over, but New York will be experiencing its final Manhattanhenge of the year this

Arrest Made in Cold Case Murder of Teenager Elena Lasswell 20 Years Later

The family of Elena Lasswell is finally getting answers.Two decades to the day after the 15-year-old