Banking Crisis Puts Pressure on Central Banks
The Loonie Hour
00:00
The SVB Bank, Silicon Valley Bank
Gloria Borger: We need to talk about Silicon Valley Bank. She says the bank lost $42 billion in deposits as interest rates went up. The market got wind of this and assoted a bunch of depositors, she says. Giorgiosi: In the end, the equity and the unsecured creditors were wiped out. But regulators should have not been so surprised by this, he adds.
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