Near Miss: A Bank Collapse and a Crisis Averted 03/13/23
Squawk Pod13 Mars 2023

Near Miss: A Bank Collapse and a Crisis Averted 03/13/23

Did we dodge the bullet? Federal agencies on Sunday approved plans to safeguard depositors affected by the collapse of Silicon Valley Bank on Friday, and the Federal Reserve is creating a Bank Term Funding Program to secure financial institutions from instability amid the SVB failure. Squawk Box’s Becky Quick, Andrew Ross Sorkin and Steve Liesman discuss the near-miss, how government action prevented a broader financial crisis, and the moral hazard of the federal action. Alexis Ohanian, venture capitalist and Reddit co-founder, describes the 72 hours of chaos experienced by young, start-up companies following the shutdown of Silicon Valley Bank. The veteran entrepreneur who also funds early-stage companies said venture capitalists raised the alarm but should say “thank you” for the government backstop. And, Camp cp-founder Ben Kaufman runs his business from the funds in his Silicon Valley Bank account; he shares the anxiety he felt over the weekend, looking for a cash infusion.

In this episode:

Alexis Ohanian,@alexisohanian

Ben Kaufman, @benkaufman

Steve Liesman, @steveliesman

Andrew Ross Sorkin, @andrewrsorkin
Becky Quick, @BeckyQuick

Katie Kramer, @Kramer_Katie


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Avsnitt(1923)

5 Things to Know Before the Opening Bell 12/1/2025

5 Things to Know Before the Opening Bell 12/1/2025

The 5 things you need to know before the stock market opens today: President Trump says he’s made his choice for next chair of the Federal Reserve, Disney had brought in more than $500 million globall...

1 Dec 20251min

Black Friday with Shopify & Amazon 11/28/25

Black Friday with Shopify & Amazon 11/28/25

Black Friday kicks off the official holiday shopping season. Shopify president Harley Finkelstein shares his platform’s real-time shopping data and highlights the shifting trends among shoppers in 202...

28 Nov 202529min

5 Things to Know Before the Opening Bell 11/28/2025

5 Things to Know Before the Opening Bell 11/28/2025

The 5 things you need to know before the stock market opens today: the CME temporarily halted trading for futures, foreign exchanges, and commodities due to a data center issue, the SEC is investigati...

28 Nov 20253min

Making Turkey & Keeping the Peace on Thanksgiving 11/26/25

Making Turkey & Keeping the Peace on Thanksgiving 11/26/25

As Americans prep their Thanksgiving feasts, one hotline is bracing for its busiest day of the year. Nicole Johnson, director of the Butterball Turkey Talk-Line, explains the most common turkey questi...

26 Nov 202522min

5 Things to Know Before the Opening Bell 11/26/2025

5 Things to Know Before the Opening Bell 11/26/2025

The 5 things you need to know before the stock market opens today: after quarterly results, Urban Outfitters is trading higher and shares of Deere, HP, and Workday are lower. Plus, Medicare negotiated...

26 Nov 20251min

Treasury Secretary Bessent, the Future of Democrats, & ‘Embrace Rage’ 11/25/25

Treasury Secretary Bessent, the Future of Democrats, & ‘Embrace Rage’ 11/25/25

Treasury Secretary Scott Bessent discusses the U.S. relationship with China after President Trump’s call with President Xi. In a wide-ranging interview, Sec. Bessent addresses the global soybean trade...

25 Nov 202539min

Affording Food: Agriculture Sec. Rollins & Chef Lidia Bastianich 11/24/25

Affording Food: Agriculture Sec. Rollins & Chef Lidia Bastianich 11/24/25

New York City Mayor-elect Mamdani and President Trump met at the Oval Office, Russia-Ukraine peace talks are underway in Geneva, and Treasury Secretary Scott Bessent has teased an announcement from th...

24 Nov 202534min

5 Things to Know Before the Opening Bell 11/24/2025

5 Things to Know Before the Opening Bell 11/24/2025

The 5 things you need to know before the stock market opens today: airports expect the busiest day of the holiday travel week to be the Sunday after Thanksgiving, DOGE has been officially dissolved ah...

24 Nov 20252min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
rss-jossan-nina
rss-borsens-finest
rss-svart-marknad
avanzapodden
uppgang-och-fall
fill-or-kill
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
lastbilspodden
borsmorgon
bathina-en-podcast
svd-tech-brief
affarsvarlden
bilar-med-sladd
rss-den-nya-ekonomin
tabberaset
rss-veckans-trade