The top 10 biggest depositors at Silicon Valley Bank as it was collapsing back in March. Sequoia Capital, which has about $85 billion in assets under management, had a billion dollars in deposits. The US government took the extraordinary step of stepping in and providing deposit insurance for those who lost their money.
Bloomberg News Financial Regulations Reporter Ben Bain explains how the FDIC bailout of deposits following the collapse of Silicon Valley Bank also benefitted bigger companies that were in no real financial danger. Ed Price, Principal at Ergo, discusses the latest news on Russia's war with Ukraine. SailGP CEO Sir Russell Coutts talks about bringing the sport of sail racing to the mainstream. And we Drive to the Close with Sylvia Jablonski, CEO & CIO at Defiance ETFs.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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