![]() Majd Al-Waheidi edited the digital story. The interview with Douglas Diamond was edited by Alice Woelfle. The audio version of the interview with Tiffany Dufu was produced by Destinee Adams and edited by Kelley Dickens. an enormous impact just on my well-being, my health and my sanity, let alone everything else that we're already doing in order to keep these companies thriving and successful." And I'm a very fortunate person to at least have a savings account that I can draw upon. I already had to figure out how to transfer money from my personal account to make sure that my team was taken care of. 67 WALL STREET, New York - FebruThe Wall Street Transcript has just published its Pacific and Southwest Banks Report offering a timely review of the sector to serious investors and. ![]() She felt she couldn't wait around for the eventual fix by the FDIC that assured her company's assets would be protected. "Maybe the Fed should have been thinking, 'I shouldn't raise interest rates this quickly if it's going to wipe out certain parts of the financial system'".įor Dufu, the Silicon Valley Bank failure is distinctly personal. Diamond says that some of the blame may lie with the Federal Reserve Bank. In this video, we'll explore the history of Lehman Brothers and the 2008 financi. Interest rates did go up and late last week SVB stumbled into insolvency. In 2008, Lehman Brothers went bankrupt, causing the global financial crisis. "If interest rates went up a lot, they were going to become insolvent." When rates were low, SVB was in solid shape. Those gambles made the bank especially vulnerable to interest rate fluctuations. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |