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.  Subscribe to Mamamia GET IN TOUCH Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at [email protected] CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] CREDITS  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 LionBecome a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.