
Economic Heavyweights On the Banking Crisis
Bloomberg Daybreak: US Edition
00:00
The Implications of Silicon Valley Bank
Stephanie, you've worked at the Treasury of the United States. You also have covered financial markets and other business issues over in Europe for a good long time. One thing we're hearing from both Larry and Dan is rates were going up. And there weren't just going up here. They're going up over in Europe as well. What we're seeing right now in the banking system, maybe not the specifics of Silicon Valley Bank, but with something like that almost inevitable.
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