On this week’s podcast, hosts Alice Fulwood, Tom Lee-Devlin and Mike Bird examine what brought the bank down and to what extent the panic has been contained–or might. Peter Conti-Brown from University of Pennsylvania’s Wharton School says incompetence was behind the bank’s collapse. And former Treasury Secretary Larry Summers tells them the US government’s decision to guarantee deposits should be enough to restore confidence in the banks and prevent fear spreading.
Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at
PeterContiBrown The world may be looking at the extinction of startups it has become accustomed to.SVB invested its short term assets which astronomically surged from $ 60 billion to almost $ 200 billion in a span of two years into the otherwise safe haven of US government bonds
PeterContiBrown You’ll be saying the same thing about JP Morgan if you apply enough pressure to them. 😆LOL.
LHSummers Problem is, these guarantees are being made using Taxpayer's money even though Joe Biden says it isn't.HE don't have the money to bail ANY Bank!!!
LHSummers Guess they’ll be doing it with every other bank as well.
LHSummers Wow, really? We will see in a year's time how much money the taxpayers lose; and in that one year, how many other banks fail!
LHSummers Can’t agree with paying beyond insured amount.
LHSummers Except anyone who’s been a treasury secretary doesn’t know how crypto works so they essentially pulled that answer out of their ass.
LHSummers Aren’t deposits guaranteed up to a certain percentage?
alice_fulwood TomLeeDevlin Birdyword Brinks just drove past and stopped delivering cash?💰💸
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European regulators criticise US ‘incompetence’ over Silicon Valley Bank collapse\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. This looks suspiciously like an anti-bot login string that you type to verify you're not a bot. European regulators? You mean British financial journalists first & foremost, don‘t you? 😆😅 Don‘t hide… 😅 Eh, seems fair.
Source: FT - 🏆 113. / 51 Read more »
The Silicon Valley Bank fallout makes the case for digital currencies\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. MUSLIM WORLD AND PAKISTAN LARGEST DEMECRATIC PARTY PTI LEADER IMRAN AHMED KHAN NIAZI LIFE IS IN THREAT BY SHAHBAZ SHREEF & ESTABLISHMENT WORKING UNDER USA AND ISRAEL AGENDA. NUKS ARE AT HIGH RISK. What a terrible idea Digital Currencies are no go...
Source: FT - 🏆 113. / 51 Read more »