“Could it happen here?”: Inside America’s bank collapse
The Briefing · LiSTNR
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Show Notes
Silicon Valley Bank collapsed last week, after being forced to cash in assets due to a slowing tech sector. The bank specialised in lending to early-stage businesses, and the company served nearly half of US venture-backed technology and healthcare companies that listed on stock markets last year. Three days later Signature Bank, a New York crypto-focused institution also fell.
In this episode, we speak to William Chittenden, an associate professor of finance and economics at the Texas State University, to find out why the banks went under, who’s affected, and what happens now.
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