SVB Spawns Banking Crisis As Biden Urges for Tougher Rules

13/03/2023 39 min
SVB Spawns Banking Crisis As Biden Urges for Tougher Rules

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Episode Synopsis

Bloomberg's Caroline Hyde and Ed Ludlow break down how Silicon Valley Bank spawned a banking crisis and its impact on startups and investors, while President Biden asks for tougher regulation of the banking industry. Plus, HSBC buys the UK arm of SVB for one pound. See omnystudio.com/listener for privacy information.