The bank examiners have been probably busy lately with Silicon Valley Bank. So everything is fine. Then there's a middle part where everybody panics because they write down some bonds. I don't know if anything else happened there. Now there's a bank run. The government ensures deposits above 250k. And now for Citizens Bank owns Silicon Valley Bank,. What am I missing with that story? Well, can I correct your structure just a little bit? You can always correct my structure Yeah.
If a bank has to make a statement about its safety and soundness, that’s usually a bad sign. Sultan Meghji is the former Chief Innovation Officer of the Federal Deposit Insurance Corporation (FDIC) and a professor at the Pratt School of Engineering at Duke University. Ricky Mulvey caught up with Meghji to discuss: - Where Silicon Valley Bank and the FDIC faltered in the lead-up to the bank run - Ripple effects from the recent bank runs that investors should consider - Hindenburg’s report on Block - How to pack a "go bag" for your savings Companies mentioned: JPM, SIVBQ, FRC, FIZN, SQ, SBUX, ORCL Host: Ricky Mulvey Guest: Sultan Meghji Engineer: Tim Sparks
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