Share
))
Bloomberg Best features the best stories of the day from Bloomberg Radio, Bloomberg Television, and over 150 Bloomberg News bureaus around the world. Hosted by Ed Baxter and Denise Pellegrini.
…
continue reading
20VC: SVB: What Happened? What Happens Now? Will Depositors Have Deposits Guaranteed? How Long Will It Take? Will There Be a Buyer? Who is the Most Likely Buyer? What is the Best and Worst Outcome?
Manage episode 357806419 series 73567
By The Twenty Minute VC and Harry Stebbings. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Jackie Reses is the CEO of Lead Bank and previous Exec Chair of Square Financial Services and Head of Lending and Banking. One of only people to have started a bank as a de no; Only tech company to get approved for a de novo. Chair Economic Advisory Council of SF Federal Reserve.
Kris Dickson is the CFO of Lead Bank and previously the CAO / CFO of post-BK Lehman Brothers parent co-estate for 10 years. Lehman Holdco estate has liquidated and distributed $129 billion to unsecured creditors through the end of 2022.
In Today's Episode on SVB We Discuss:
What Happened?
- How and why did SVB fail so fast?
- Was it the result of systemic problems or a series of management mistakes?
- What role did VCs play in the downfall of SVB?
- What role did social media and online banking play in the failing of SVB?
What Now?
- What happens now?
- Will depositors have their deposits guaranteed?
- Will there be a buyer for SVB? Who is the most likely?
- Should founders be worried about moving their money to neo-banks?
- Should founders in any circumstances transfer money to their personal accounts?
- What is the best and worst outcome?
1028 episodes
