22 min listen
Dan Davies On What Brought Down Silicon Valley Bank
FromOdd Lots
ratings:
Length:
33 minutes
Released:
Mar 14, 2023
Format:
Podcast episode
Description
Silicon Valley bank collapsed at record speed. And the world is still trying to figure out what went wrong? How did a bank with a strong history, a strong brand, and a fairly conservative investment portfolio go belly up so fast? On this episode of the podcast, we speak with Dan Davies, a Managing Director of Frontline Associates, who previously worked as a bank analyst. He explains why the bank's customer base turned out to be so much more flighty than expected, and why the bank reached for yield buying long-dated Treasuries at a time of ultra-low interest rates. We discuss what to watch next, and why he's concerned that the initial salvo to stanch the bank run may not be enough.See omnystudio.com/listener for privacy information.
Released:
Mar 14, 2023
Format:
Podcast episode
Titles in the series (100)
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