Chapter
Silicon Valley Bank and the Bank Run that Wasn't: A Cautionary Tale
00:00 - 04:24 (04:24)
Federal regulators are ensuring that customers with billions of dollars in Silicon Valley Bank will be able to get their money after the bank invested a large portion of new funds into long-term government securities.
Clips
The Biden administration has come to the rescue of Silicon Valley Bank customers, ensuring that all customers will be able to retrieve their funds at no cost to taxpayers after the bank's collapse.
00:00 - 01:29 (01:29)
Summary
The Biden administration has come to the rescue of Silicon Valley Bank customers, ensuring that all customers will be able to retrieve their funds at no cost to taxpayers after the bank's collapse. HSBC has also purchased the U.K. subsidiary of the bank for just one pound.
ChapterSilicon Valley Bank and the Bank Run that Wasn't: A Cautionary Tale
EpisodeSilicon Valley Bank Collapse, Trump Campaigns in Iowa, Academy Awards
PodcastUp First
Federal regulators are selling off massive amounts of long-term government securities to prevent a run on a troubled bank, which has caused panic among customers.
01:29 - 04:24 (02:55)
Summary
Federal regulators are selling off massive amounts of long-term government securities to prevent a run on a troubled bank, which has caused panic among customers. The move was made to ensure that customers could access their money in the bank, which has been struggling due to the withdrawal of funds by venture capitalists and other investors.