SVB depositors will have access to all money Monday. The bank itself is a very conservative institution that caters to high net worth clients. It has had one of the best credit quality type stories over the history of the company. I don't know whether to call it crisis, but certainly concern and worry in the banking sector.
Bloomberg Opinion Columnist Matt Levine discusses his piece Startup Bank Had a Startup Bank Run. Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan and Anna Kooi, National Financial Services Leader at Wipfli, talk about the Silicon Valley Bank collapse and contagion concerns. Mary Buckley, Interim CEO of IDA Ireland, shares her thoughts on the global business health for Ireland. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr provide the details of Austin's Businessweek Magazine story Uber for Trucks? Why Freight’s Future Is More Than Just Apps. And we Drive to the Close with Liz Young, Head of Investment Strategy at SoFi.
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