Weekly Roundup 03/17/23 feat. Alex Thorn (Bank crisis, Fed makes $2T available, Signature mysteries) (EP.406)
On The Brink with Castle Island
SBB Crypto
The Fed has said they have two trillion available which is the size of the CARES Act and various COVID stimulus at the ready. 44% of startups in the US used SBB. There's really no incentive to keep funds at a smaller bank or community bank or one that serves a bespoke industry. The incentive now is just to go to the largest banks possible. But the service will suffer there so you're not getting white glove service from JPMorgan Chase or Wells if they'll take you on as a customer.
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