03.13.23 SPECIAL EDITION - The Failure of Silicon Valley Bank
By Clark Howard
13/03/23·36m 46s
SPECIAL EDITION - The Failure of Silicon Valley Bank
Clark discusses this week’s SVB failure including the strength and scope of this bank, how much of the deposits were insured & the security of funds generally, the impact on businesses and how the federal government has had to step in. Clark also answers initial questions for what will be his ongoing coverage of this event as needed moving forward.
Mentioned on the show
NYTimes: Regulators Close Second Bank and Move to Ensure Deposits
Deposit Insurance - FDIC
Certificate of Deposit Account Registry Service - Wikipedia
SIPC - Securities Investor Protection Corporation
Roku Warns of Potential Losses From SVB Failure
SVB Rocks California as Rich Founders Join Napa Vintners in Fear
NYTimes: Silicon Valley Bank Fails After Run by Venture Capital Customers
SVB Is First FDIC-Insured Institution to Fail in 2023
NYTimes.com: The Second-Biggest Bank Failure
[The Washington Post] Here’s how much of your bank deposits are FDIC protected
NYTimes.com: Silicon Valley Bank Collapse Sets Off Blame Game in Tech Industry
Clark.com resources
Episode transcripts
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