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(1918)

September 27, 2019: Peloton’s Rough Ride; A Millionaires’ Tax; DraftKings CEO

September 27, 2019: Peloton’s Rough Ride; A Millionaires’ Tax; DraftKings CEO

Joe Kernen, Becky Quick and Joe Terranova break down the bumpy road for Peloton’s first day of trading, and whether it’s the beginning of the end for the IPO rush. Also, debating the proposed high-inc...

27 Sep 201929min

September 18, 2019: Billionaire Ken Langone, BlackRock’s Kate Moore, Documentarian Ken Burns

September 18, 2019: Billionaire Ken Langone, BlackRock’s Kate Moore, Documentarian Ken Burns

BlackRock’s Head of Thematic Strategy Kate Moore untangles the Federal Reserve’s interest rate strategy. Billionaire, Home Depot co-founder, and philanthropist Ken Langone responds to tax proposals fr...

26 Sep 201931min

September 26, 2019: Former EY CEO Mark Weinberger, Republican Sen. Tom Cotton (R-AR), and Peloton CEO & Co-founder John Foley

September 26, 2019: Former EY CEO Mark Weinberger, Republican Sen. Tom Cotton (R-AR), and Peloton CEO & Co-founder John Foley

Joe Kernen, Becky Quick, and Andrew Ross Sorkin break down the political headlines with CNBC’s Washington Correspondent Eamon Javers. Mark Weinberger, a board member of the Business Roundtable, reveal...

26 Sep 201933min

September 19, 2019: A special podcast from the Delivering Alpha Summit, presented by CNBC and Institutional Investor

September 19, 2019: A special podcast from the Delivering Alpha Summit, presented by CNBC and Institutional Investor

Longtime tech investor and Delivering Alpha speaker Glen Kacher is watching tech infiltrate every sector of the economy, and he predicts that the IPO market will lose steam. Steve Bannon, former White...

25 Sep 201928min

September 25, 2019: WeWork’s Wild Ride; Dr. Scott Gottlieb; Ken Feinberg; Anheuser-Busch InBev CEO Carlos Brito and Water.org’s Gary White

September 25, 2019: WeWork’s Wild Ride; Dr. Scott Gottlieb; Ken Feinberg; Anheuser-Busch InBev CEO Carlos Brito and Water.org’s Gary White

Former FDA Commissioner Scott Gottlieb responds to news that the CEO of Juul is stepping down amid growing health concerns about vaping. Boeing has launched a $50 million financial assistance fund for...

25 Sep 201934min

Introducing Squawk Pod

Introducing Squawk Pod

The most powerful show in business news as a podcast.  It’s all the things that Squawk Box’s TV viewers have come to expect on a daily basis – plus behind-the-scenes content from the production team –...

23 Sep 20192min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-borsens-finest
rss-svart-marknad
svd-tech-brief
avanzapodden
uppgang-och-fall
fill-or-kill
rss-dagen-med-di
borsmorgon
lastbilspodden
rss-inga-dumma-fragor-om-pengar
rss-kort-lang-analyspodden-fran-di
kapitalet-en-podd-om-ekonomi
bathina-en-podcast
tabberaset
rss-den-nya-ekonomin
affarsvarlden