Bloomberg Wall Street Week - May 12th, 2023
Wall Street Week
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The Failure of Silicon Valley Bank
The failure of Silicon Valley Bank sent shockwaves through the banking system and rattled the market. Randall Corals: This was a textbook example of bank mismanagement out of SVB. He says explanations are usually most penetrating when they don't assume that the people involved were either fools or crooks.
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