Silicon Valley Bank has been functionally insolvent since sometime last fall. The chief financial officer of Silicon Valley Bank said, there are no implications for Silicon Valley Bank because as we said in our Q3 earnings call that they do not intend to sell their held to maturity securities. "I don't understand why local regulators weren't whispering to Silicon Valley Bank and all these other banks," he says.
Just because the "Oracle of Omaha" has been quiet lately doesn't mean he isn't sizing up his next big buy.
(0:21) Bill Mann discusses: - The latest CPI numbers and the current state of play in the banking industry - One bank that fits the description of something Warren Buffett might be interested in - Meta Platforms announcing another round of layoffs
(14:58) Sanmeet Deo and Tim Beyers face off against one another with stocks they believe are a better buy right now.
Companies discussed: FRC, SCHW, SIVB, PNC, META, XPOF, MNDY
Host: Chris Hill Guests: Bill Mann, Sanmeet Deo, Tim Beyers Producer: Ricky Mulvey Engineers: Dan Boyd
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