Newcomer Podcast

Lessons Learned From a Bank Run (Peter Hébert & Laurence Tosi) + SVB's Marc Cadieux

Mar 21, 2024

Discussion on the collapse of Silicon Valley Bank likened to US withdrawal from Afghanistan, followed by insights from SVB President post-acquisition. Exploring the aftermath of a financial crisis, efforts to prevent regional banking contagion, and rebuilding trust after acquisition. Insights on SPV's client relationships amidst challenges and personal journey of navigating bank operations during turbulent times. Exploration of SVB's lending strategy, insights on banking regulation, and the synergy between private wealth management and fintech companies.

52:15

Creator website

Episode guests

Peter Hébert

Marc Cadieux

Laurence Tosi

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Duration risk and concentration exposure led to the crisis at Silicon Valley Bank.

Immediate access to information through social media intensified the financial panic.

Regional banks faced vulnerabilities post-crisis and focus on rebuilding trust and stability.

Deep dives

S.V.B. Crisis Unfolded Due to Duration Risk and Concentration Exposure

The crisis at Silicon Valley Bank escalated due to duration risk and concentration exposure. With major shifts in the market, concerns about long-term rates left the bank vulnerable. The bank was heavily dependent on Silicon Valley, and as interest rates rose, their financial products suffered, leading to significant losses.

Introduction

2min

Navigating a Financial Crisis

17min

Preventing Regional Banking Contagion and Managing Crisis Fallout

8min

Rebuilding Trust and Integration After Acquisition

14min

Insights and Client Relationships at SPV Amid Challenges

2min

Personal Journey of Navigating Bank Operations During Turbulent Times

2min

Silicon Valley Bank's Lending Strategy and Acquisition

4min

Insights on Banking Regulation, Trust in Fast Fund Withdrawals, and Private Wealth Relationship in SVB

3min

We’ve got two great sessions from the Newcomer Banking Summit for you:

* First up, WestCap Group founder Laurence Tosi and Lux Capital co-founder Peter Hébert. They give an unvarnished account of the collapse of Silicon Valley Bank with the benefit of hindsight. “It was like the banking equivalent of the U.S. withdrawal from Afghanistan,” Hébert said. “It was absolute sheer terror.”

* We follow that up with Silicon Valley Bank President Marc Cadieux, who talks about where SVB is today and fields questions about all the new competition his reconstituted bank, now owned by First Citizens, is facing.

I thought Tosi and Hébert’s talk was the spiciest of the day. And Cadieux was the man of the hour. I wanted to know where his head was at one year after the crisis.

You can give the episodes a listen or watch them on YouTube.

Breaking the Bank: BCV’s Matt Harris

If you missed it, yesterday I published a talk from Bain Capital Ventures’ Matt Harris.

In the headline, I made a mortifying error and used the acronym of another VC firm. Harris is Bain Capital Ventures’ fintech guru; he gave a great presentation and I had nightmares last night about my mixup. Apologies!

Here’s that talk:

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Newcomer Podcast

Lessons Learned From a Bank Run (Peter Hébert & Laurence Tosi) + SVB's Marc Cadieux

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

S.V.B. Crisis Unfolded Due to Duration Risk and Concentration Exposure

Impact of Social Media and Rapid Information Flow on Financial Panic

Challenges Faced by Regional Banks During Financial Instability

Strategies for Economic Recovery and Banking Stability

Future Outlook and Resilience in Banking Operations

Remember Everything You Learn from Podcasts