Silicon Valley Bank Implodes: Talking with Alexander Yokum, with CFRA Research
Mar 12, 2023•25 min•Season 19Ep. 16
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Episode description
Silicon Valley Bank, the 16th largest bank in the US, collapsed on Friday and its assets were transferred to the FDIC. Market fears for contagion are of concern, since 95% of SVB's deposits exceeded the $250,000 limit. Will a large bank acquire the remains of SVB to keep all depositors whole ? And what about the ripple effects on the tech economy which is already contracting ?
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