Podcasts about fdic

The FDIC found a buyer for Silicon Valley Bank's assets after its spectacular collapse in First Citizens BancShares, and Fed chairman Jerome Powell has vowed to look into the supervisors and regulatory policies to prevent this from happening again. But where does the blame truly belong, and do all signs point to a recession later this year?  Learn more about your ad choices. Visit megaphone.fm/adchoices

The Fed followed through on another rate hike despite the banking turmoil. Members of the Federal Open Market Committee raised the Federal Funds rate another quarter point on March 22nd. That brings the short term rate to a range of 4.75% to 5%.    Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   Fed Chief Jerome Powell said the collapse of two banks, and the near-collapse of a third, did force Fed officials to consider a pause in rate hikes. But he says they were persuaded to hike rates again because of stubbornly high inflation and a strong job market with strong wage growth. But Powell offered assurances that the central bank is prepared to protect the banking system. He also still believes there's a path to a soft landing. (1)   Powell says he expects the need for one more rate hike this year, while seven of the 18 Fed officials are forecasting two hikes. If the short-term rate is raised another quarter point, the end range would be 5% to 5.25%.    Fed Sees Higher End-of-the-Year PCE Percentage   The Fed previously thought Personal Consumption Expenditure index, or PCE, would end the year at 3.1%. It's now projecting a higher 3.3%, which is moving in the wrong direction from the central bank's 2% target.    In the meantime, the Fed also needs to make sure the financial system remains stable. There's fear that nervous depositors could pull more money out of regional banks, which are already under stress. Federal regulators took control of Silicon Valley Bank and Signature Bank, and are making sure depositors get all their money back despite the FDIC limit of $250,000. The Fed also worked with the FDIC, and the U.S. Treasury in the creation of a fund for banks that need to borrow money to cover deposits. As reported by Bisnow, banks withdrew a total of $300 billion during the first week.   Government Prepared to Prop Up Small Banks   Treasury Secretary Janet Yellen also says the government is prepared to protect small banks from failures, but much of this stability depends on the confidence of depositors. Archie brown of Cincinnati-based First Financial Bank told Bisnow: “The main thing is to make sure that the Fed is instilling confidence in the deposit base. As long as we do that, I think everything else will manage itself.”   The San Francisco-based First Republic had teetered toward failure with a $70 billion run on deposits, which is about half of its total. The bank received an infusion of cash from eleven large banks and the federal government to keep it from toppling. But the experts are still worried about smaller regional banks which is where a lot of commercial real estate investors get their loans. According to an article in Axios, small and mid-sized banks hold 67% of commercial real estate loans, and 37% of residential real estate loans. (3)   Small Banks Could Reduce Real Estate Exposure   Brad Kraus of the CRE financial consulting first Ascension said in an email to Bisnow: “If banks do end up struggling, the first thing we see here on the front lines is a reduction in their real estate exposure.” He said: “If things get worse, they simply start quoting rates which guarantee profitability, thus effectively pricing themselves out of the market.” (4)   Higher rates will push commercial real estate values lower. Keiran says: “Those looking to sell anytime soon, especially those owners that are facing loan maturities, will have to offer their deals at higher cap rates to attract buyers.” According to the Wall Street Journal, as much as $270 billion in commercial mortgages will mature this year.    As these loans mature Keiran expects to see a “major value adjustment” for commercial properties especially if we sink into a recession. Banks are also likely to cut back on lending as a way to preserve capital, especially if they expect the Fed to keep hiking rates.   That's it for now. You'll find links in the show notes at newsforinvestors.com Please remember to join RealWealth. It's free to join and gives you an all-area pass to our website. That includes our investor portal, our market data, and our experienced investment counselors. You can also find out more about our mastermind events, and our real estate tours in markets that are popular among single-family rental investors.   Please remember to subscribe to the podcast, and leave us a review!   Thanks for listening, Kathy Links:   1 - https://www.cnbc.com/2023/03/22/live-updates-fed-rate-march.html   2 - https://www.marketwatch.com/story/fed-hikes-interest-rates-again-pencils-in-only-one-more-increase-ac42c84e?mod=home-page   3 - https://www.axios.com/2023/03/21/small-bank-struggles-could-hit-the-real-estate-market-har https://www.nytimes.com/2023/03/22/business/svb-signature-commercial-real-estate.html   4 - https://www.bisnow.com/national/news/capital-markets/banking-crisis-will-have-profound-effect-on-regional-bank-cre-lending-118190

(0:00) Bestie intro! (2:58) Fed hikes 25 bps (32:35) Balaji bets on Bitcoin $1M, predictions for hyperinflation, crypto crackdown in the US (54:27) Should the commercial real estate sector receive a similar treatment as regional banks? Math and solutions on 100% FDIC insurance (1:16:04) TikTok CEO grilled by US lawmakers: What is TikTok's endgame in the US? (1:25:46) Relativity Space shoutout and bestie wrap! Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.wsj.com/articles/fed-raises-rates-but-nods-to-greater-uncertainty-after-banking-stress-6ae9316f https://twitter.com/scottrechler/status/1638534824808923136 https://www.wsj.com/articles/commercial-property-debt-creates-more-bank-worries-b36184ba https://twitter.com/elonmusk/status/1636928718173003776 https://fred.stlouisfed.org/series/WGS10YR https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4387676 https://www.sfgate.com/business/article/Pinterest-terminate-SF-office-lease-88-Bluxome-15525421.php https://twitter.com/boazweinstein/status/1638964105917890561 https://twitter.com/mr_derivatives/status/1638772846326583296 https://twitter.com/DavidSacks/status/1638957986138959873 https://twitter.com/balajis/status/1636797265317867520 https://twitter.com/balajis/status/1222921758375927808 https://thehill.com/opinion/finance/3911036-how-to-escape-the-trap-of-the-clean-debt-ceiling-vote https://www.cnbc.com/2023/03/22/coinbase-warned-by-sec-of-potential-securities-charges.html https://www.piratewires.com/p/2023-banking-crisis https://twitter.com/balajis/status/1448455115271143424 https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered https://twitter.com/markgags/status/802597908033966081 https://twitter.com/relativityspace/status/1638753739128315906

On episode 85 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Jill Schlesigner to discuss the Fed decision aftermath, unlimited FDIC insurance for banks, the SEC's crypto crackdown, banning TikTok, and much more!Get 25% off Blinkist premium and enjoy 2 memberships for the price of 1! Start your 7-day free trial by clicking here: https://www.blinkist.com/thecompoundCheck out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.comInvesting involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here:https://ritholtzwealth.com/podcast-youtube-disclosures/ Hosted on Acast. See acast.com/privacy for more information.

The same day the FDIC swooped in and did damage-control with Silicon Valley Bank, regulators also shut down Signature Bank. But according to Signature Bank, they didn't need to close their doors. Nicole shares both sides of the story.

David unpacks the entire story of banking drama from Silicon Valley to Switzerland with all the FDIC talk and Fed talk that is needed in between. He leaves you with five takeaways for consideration and a little refresher on why this all is, what can and cannot be done about it, and who is generally to blame.

Panic has turned to confusion in the wake of the SVB failure. Clark summarizes how we got here, how it differs from 15 years ago, and how the moral hazard in the system should be fixed. Clark breaks it down to 2 key points, and what individuals and businesses with funds greater than the quarter million FDIC limit should do going forward to secure their funds. Also, Clark tells you what's behind the big streaming service increases and your alternatives. With market changes come new opportunities. If you're willing to adapt and experiment you can save so much money - with more content than you can watch. Bank Failure Update: Segment 1 Ask Clark: Segment 2 SAVE on Streaming TV: Segment 3 Ask Clark: Segment 4 Mentioned on the show Midmarket Firms Re-Evaluate Regional Bank Risk Following Crisis NYTimes.com: Two Big Ideas for Preventing Another Banking Crisis Experts, banks look for ideas to stop next bank failure The forgotten rescue plan that could prevent another SVB-like collapse Fed to Consider Tougher Rules for Midsize Banks After SVB, Signature Failures - WSJ. SVB is the first social media bank run in history. Banks Trade Relief Now for Regulation Later - The Wall Street Journal. Yellen Says U.S. Ready to Protect Smaller Banks if Necessary Certificate of Deposit Account Registry Service CDARS How To Open a Roth IRA Custodial Roth IRA: How And Why To Start A Roth IRA For Kids Turbocharge your child's retirement with a Roth IRA for Kids Clark.com: YouTube TV Raises Monthly Rate for First Time Since 2020 Clark.com: 5 Cheaper Streaming Alternatives to YouTube TV Best Free Streaming Services in 2023: Movies and TV for Cord Cutters Clark.com - STREAMING TV 4 Things To Know Before You Buy a Digital TV Antenna Submit a complaint | Consumer Financial Protection Bureau Automatic Bill Pay: How It Works and How To Do It Safely Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

How can a banking crisis like we've recently seen be avoided in the future?   In this episode of CEO Perspectives, The Conference Board President and CEO, Steve Odland, and Hollis Hart, Former President of International Franchise Management at Citi, discuss the ins and outs of the recent banking crisis. Tune in to find out: What caused this most recent situation? Why didn't the regulations put in place after the 2008 financial crisis work in this case? Should all deposits be insured by the FDIC or does that remove accountability? Who should be held accountable? What needs to change in the system to prevent this from happening again?

Sometimes you hear these stories about an airplane that suddenly nosedives. Everyone onboard thinks this is it, and then the plane levels out and everything is fine. For about 72 hours, people and companies that had deposited millions of dollars at the Silicon Valley Bank — many of whom were in the tech industry — thought they had lost absolutely everything to a bank collapse.Two weeks later, the situation at Silicon Valley Bank has leveled off. The FDIC seized the bank and eventually made all of its depositors whole. But to understand what that financial panic felt like, we retrace the Silicon Valley Bank run and eventual collapse. We hear from four people who were part of the bank run — when they realized early rumblings, what it felt like in the full stampede, what hard decisions they faced, and what the aftermath felt like. And along the way, we uncover the lessons you can only learn when you think the entire world is ending. This episode was reported by Kenny Malone, produced by Alyssa Jeong Perry with help from Dave Blanchard, engineered by Brian Jarboe, fact-checked by Sierra Juarez, and edited by Jess Jiang. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

The recent failure of three regional banks has been front and center on our news screens. It has caused some substantial volatility in the financial markets, though not as much as you expected, given the circumstances. After all, it's pretty rare for FDIC-backed banks to fail, but here we are. And when three banks collapsed rapidly, it acted as a force multiplier in the public consciousness. Especially when one of those banks is as big as Silicon Valley Bank (SVB) — with $212 billion in assets as recently as the fourth quarter of 2022. SVB represents the second-largest bank breakdown in our Country's history, behind only Washington Mutual's 2008 collapse, so it's hard not to harbor concerns that we may be on the cusp of another 2008-style financial meltdown. But are those concerns justified? Is this saga we're currently experiencing really a case of financial “déjà vu”? To find out what distinguishes the recent decline of these three regional banks — Silicon Valley Bank, Signature Bank, and Silver Gate Bank — from the financial chaos that erupted some 15 years ago, and why their deterioration doesn't signify the onset of a financial Armageddon, be sure and tune in to the newest episode of A Place of Possibility™. Richard Del Monte and Angela Wright will provide a clear-eyed overview of the factors that caused these three banks to fall. We'll be talking about: The business model that all banks use to generate profits. Contrary to what some believe, banks are “for profit” ventures and do   need to turn a profit to stay afloat. We'll explain how they do this. Why the three banks that recently fell were particularly vulnerable to interest rate increases because of their primary clientele. The relationship between interest rates and bond prices, and why longer-term bond prices are so sensitive to interest rate hikes. Dramatic financial events ultimately led to Silicon Valley Bank's insolvency. The substantial differences between the circumstances surrounding the 2007-09 recession and our current situation. Some safe alternatives to brick-and-mortar banks that you should consider. And more! Most of us remember how the meltdown of 15 years ago seemed to start with just a few small missteps and then spiraled from there. But safeguards are in place now to prevent a repeat of that crisis and help keep the contagion of these most recent financial events to a minimum. So we're confident that you'll find this episode informative and reassuring and hope you'll pass it along to your family, friends, and anyone else you think might benefit from it.

Okay, so you've seen it all in the news - big banks are in a crisis right now. According to the news, we're all done for! But, is that really the case? David Sidoni dives into research and data to give you the REAL story behind the bank failures and how this could affect the housing market for this year. Also, he throws it into a handy-dandy cheat sheet to help you understand this mess. Here are some topics from today's discussion: What got us into this mess What FDIC-insured means How this will affect housing The sunny side of things Episode Highlights: [02:48] What Went Down The big bank scare actually began before Silicon Valley Bank after a bank, called Silvergate Capital,  largely working within the cryptocurrency realm closed and liquidated its assets. From there, the panic spread to Silicon Valley Bank and beyond. Since then, the banks have been bailed out. [07:23]  What's All This FDIC Business? The Federal Deposit Insurance Corporation guarantees up to $250,000 to every depositor, so it's important to make sure that the bank you're putting your money into is FDIC-insured in case your bank is in a similar compromising position.  [17:52] What This Means for Real Estate Everyone is talking about real estate in these news articles because there were some real big real estate names in the game. But, this won't really hurt the home buyer directly. Instead, it may actually HELP them because it might just slow down the Fed's interest rates a bit.  Resources Mentioned Bank Runs and Rescues: A Timeline of This Week's Panics Why Regular People Need to Know About SVB's Sudden Closure Ask a Nerd: How Will SVB's Closure Affect Me? Silicon Valley Bank, Proptech Hub For Real Estate Clients, Collapses  Mortgage Rates Nosedive In Fallout From Silicon Valley Bank Failure Signature Becomes 2nd Major Real Estate-focused Bank To Fail How SVB's Collapse Could Impact Housing Market SVB Collapse Set To Completely Upend Housing Market How 3 Recent Bank Failures Could Impact Housing Market Savers Could End Up Being Big Winners After SVB Collapse

When Silicon Valley Bank failed, the government stepped in and guaranteed that all accounts — even those well above the FDIC threshold for deposit insurance — would be made whole. So now people are wondering whether all accounts at every bank are implicitly guaranteed, regardless of their size. But if they are, then what is the point of private, for-profit retail banking? On this episode of the podcast, we speak with Saule Omarova, a professor at Cornell Law School. She had been nominated by President Biden to head the Office of the Comptroller of the Currency, but was forced to withdraw due to fierce opposition from the banking lobby. That opposition was based, in part, on her endorsement of public checking accounts at the Federal Reserve. But what was a seemingly "out there" view a year ago, is now firmly within the Overton Window of political possibilities. On this episode, we discuss the SVB disaster, what it means for banking, and the case for a public option.See omnystudio.com/listener for privacy information.

The second-largest bank collapse in US history occurred on March 10th, 2023 at Silicon Valley Bank. Two days later, Signature Bank experienced the third-largest collapse. In the wake of these financial shockwaves, people are concerned about the impact of these events on their retirement funds. On this episode, I'm breaking down how banks default, what happened with SVB and Signature Bank, and how you can protect your money from failing banks. You will want to hear this episode if you are interested in... Digging into the recent banking debacle [2:16] Understanding bank defaults [6:03] Protecting yourself from failing banks [8:33] The impact of bank defaults on retirement funds [11:19] Understanding a financial disaster If you've had access to the news at any point in the last few weeks, you've probably seen that California-based Silicon Valley Bank (SVB) and New York City-based Signature bank experienced the second and third-largest banking collapses in U.S. history, respectively. SVB predominantly served the tech companies and venture capital funds that Silicon Valley is known for. That niche led to $140 billion in unusual growth between Q1 of 2020 and Q1 of 2022.  As you may already know, the money banks safeguard doesn't lie dormant. Financial institutions use the funds to make investments, like the U.S. savings bonds SVB had their money in. Due to the recent historic and meteoric rise in interest rates, the value of savings bonds has dropped well below their initial value. As a result, SVB's investors began demanding their money. All while the struggling tech companies SVB services were in desperate need of more funding, causing the bank to sell more of these treasuries at a loss. The perfect storm created enough concern for the bank's stability that companies pulled their money out left and right. SVB collapsed within 48 hours because it could not meet the estimated $42 billion demands of its patrons. Keep your money safe The collapse of a bank is not something you see every day. In fact, zero banks collapsed in 2021 and 2022, and only four collapsed between 2019 and 2020. Even though banking defaults are unlikely, the small chance has many people wondering how to keep their money safe. Especially their retirement funds. It's estimated that 94% of SVB depositors were over the $250,000 per person per bank FDIC limit. Many of the bank's clients were large companies that used the institution for payroll. If the Federal Reserve hadn't allowed that limit to be exceeded as of March 13th, we would be looking at a banking catastrophe. The best way to protect yourself from failing banks is to know the $250,000 FDIC limit. That means spouses are jointly insured for up to $500,000 of deposited funds. If you have more than that, you should double-check your bank's limit and switch if they can't accommodate your financial situation. The long-term impact of these events on retirement funds should be minimal. However, the short-term impact is still being felt as volatile markets ride a rollercoaster in the aftermath. Listen to this episode for more on the recent banking defaults and how you can keep your money safe! Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact

Laura reviews what the FDIC does for depositors and how to make sure your money is always protected. You'll learn how it compares to SIPC protection on certain investments.Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links: https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDThttps://twitter.com/LauraAdamshttps://lauradadams.com/

Following the failures of Silicon Valley Bank and Signature Bank, Treasury Secretary Janet Yellen told Congress the United States banking system is healthy — for now — but a debt limit breach would throw it back into chaos. One listener asked if the recent banking hubbub might get Congress to finally take action on the debt ceiling. We'll get into it and answer more of your questions about what makes credit unions different from banks and why it's so hard to turn office buildings into apartments. And, what's in a Kai Ryssdal sandwich? Here’s everything we talked about today: “Yellen: Debt limit breach would be ‘devastating’ for banks” from Roll Call “U.S. Treasury says record FDIC cash draw won’t affect debt ceiling ‘X-date'” from Reuters “U.S. government assures on bank deposits, but debt ceiling still looms” from Axios “Credit Unions vs. Banks: Which One Is the Best for You?” from Investopedia “Failed bank fallout could open doors for credit unions. Here’s what to know” from AZ Central “Can empty office space help solve the housing shortage?” from Marketplace “So You Want to Turn an Office Building Into a Home?” from The New York Times “Churches convert to rentals as young people leave the flock” from Marketplace “Why Office-to-Apartment Conversions are Likely a Fringe Trend at Best” from Moody’s Analytics Wax Paper sandwich shop’s website Got a question for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.

Following the failures of Silicon Valley Bank and Signature Bank, Treasury Secretary Janet Yellen told Congress the United States banking system is healthy — for now — but a debt limit breach would throw it back into chaos. One listener asked if the recent banking hubbub might get Congress to finally take action on the debt ceiling. We'll get into it and answer more of your questions about what makes credit unions different from banks and why it's so hard to turn office buildings into apartments. And, what's in a Kai Ryssdal sandwich? Here’s everything we talked about today: “Yellen: Debt limit breach would be ‘devastating’ for banks” from Roll Call “U.S. Treasury says record FDIC cash draw won’t affect debt ceiling ‘X-date'” from Reuters “U.S. government assures on bank deposits, but debt ceiling still looms” from Axios “Credit Unions vs. Banks: Which One Is the Best for You?” from Investopedia “Failed bank fallout could open doors for credit unions. Here’s what to know” from AZ Central “Can empty office space help solve the housing shortage?” from Marketplace “So You Want to Turn an Office Building Into a Home?” from The New York Times “Churches convert to rentals as young people leave the flock” from Marketplace “Why Office-to-Apartment Conversions are Likely a Fringe Trend at Best” from Moody’s Analytics Wax Paper sandwich shop’s website Got a question for the hosts? Leave us a voicemail at 508-U-B-SMART or email us at makemesmart@marketplace.org.

Today's Post - https://bahnsen.co/3TAGcni All that matters today is what the Fed did and said. And what they did was raise rates a quarter point. And what they said was that “financial conditions have tightened” (well, there you go). And he said that these tighter financial conditions and tougher lending criteria from banks will “factor into their policy decisions” (phew). As for a First Republic deal – the bank whose depositors basically now have a backstop from the FDIC but has now seen enough deposit withdrawals to warrant a deal with a bigger back to shore up its capital strength – the issue appears now to be what government backstop or assistance will be a part of any deal (something I predicted last week … any buyer in a position of strength knows the issue is systemic risk, and therefore has the leverage to ask for some sweeteners to come with the deal). Some of the items being discussed (per reports) are liability protection and/or relief on capital requirements and/or other regulatory relaxations. Keep your popcorn handy. Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Banks need to be considered safe and stable places to keep people's money. There's a plethora of problems that occur if people lose faith in that fact. On this episode of the Dentist Money™ Show, Ryan and Matt examine why there was a run on Silicon Valley Bank deposits, the history of bank failures, and the role of the FDIC to ensure people have confidence in the banking system. Need answers to your financial questions but not ready for a full-service wealth manager? Check out our new Dentist Money Membership program. Are you ready to fully outsource your financial planning and investment management to a financial advisor who specializes in working with dentists? Check out our Private Wealth Management service.

This week's episode is all about the Silicon Valley Bank failure, which works primarily with startups. Throughout the episode, Grant discusses everything that happened in the bank, the reasons behind it, and how we should be careful about the situation as investors, depositors, or users. [05.27] Signs of stress – We start the conversation by sharing the reasons why Silicon Valley Bank is in trouble. [13.25] The mistake – Grant explains the mistake Silicon Valley Bank made by going out on the maturity curve. [20.25] Creative ways – We talk about different creative ways that can be used to get out of the current situation. [26.45] Moral hazard – A moral hazard takes place when one side in a transaction has the chance to take on additional risks that are bad for the other party. [35.00] SIPC – Grant explains how securities investor protection works in a bankruptcy situation. [42.38] FDIC limitation – We discuss the reason for the federal government to limit banks from growing into massive entities.   Resources: Easy Loans, Great Service: Why Silicon Valley Loved Silicon Valley Bank – wsj.com/articles/easy-loans-great-service-why-silicon-valley-loved-silicon-valley-bank-6b3f203e   New Questions About Goldman Sachs's Work With Silicon Valley Bank – nytimes.com/2023/03/15/business/goldman-svb-silicon-valley-bank.html

 On March 10th, the FDIC announced the closure of Silicon Valley Bank, marking the second largest bank failure in U.S. history. If you were watching the minute to minute news on social, this development might have felt even bigger - and anxiety inducing.  We live in a time when social media is able to amplify stories and speed up the spread, and it can have a big impact on our mental health. In this episode, Morra speaks with Isa Watson. She's CEO and Founder of Squad, and one of the entrepreneurs affected by the failure of the place she did all of her business banking. She also wrote the book Life Beyond Likes: Logging Off Your Screen and Into Your Life.

Just a week after backstopping Silicon Valley Bank and Signature, the FDIC is reportedly exploring how they could feasibly cover all US deposits. NLW explores the implications.   Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Join the discussion: https://discord.gg/VrKRrfKCz8   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

We welcome back Lendery as he comes back from sick leave. He wasn't too pleased we had a lot of jokes about him being gone and why he was gone. More on 12. The strip club Ja Morant was at is called Shotgun Willy's. Were they wrong for selling the picture of him with stripper in the private room? Would you take the money from TMZ? (4:51) RIP to Bobby Caldwell. When did you find out that he wasn't black? We recently just found and tried to picture what he would look like as a black man. Also, RIP to Lance Reddick. He was known for being Lt. McDaniels & the hotel manager in John Wick. (6:51) Air Force Ones went on sale this week for $66 and then nostalgia kicked in. What lower tier product would you bring back to make it pop in todays time? (11:48) David Guetta a pretty famous DJ uses AI to make a rave music intro using Eminem's voice. With this AI technology, who's voice would you bring back so you could get some new music? (18:23) Silicon Valley Bank recently folded. So basically they were making invests with large account holders money and the investments didn't work out. FDIC only insures up to 250k so every thing after is uninsured. We Segway to Giannis have over 60 bank account with 250k just make sure his money was insured on all accounts. (27:28) Tiger Woods (44:48)

For many in the crypto space, this is evidence of the U.S. government's inevitable mission creep in the banking system.Just a week after backstopping Silicon Valley Bank and Signature, the FDIC is reportedly exploring how it could feasibly cover all U.S. bank deposits, at least temporarily. The implications are explored by NLW.-“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: desinger491/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The latest on mayhem in the banking sector.  What will the Fed do this week?  What should the Fed do this week?  FDIC coverage explained. Did we mention Cramer said Silicon Valley Bank was a buy at $320?

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.This week we are joined by Shuly Galili, Founding Partner of UpWest, an early-stage firm founded in 2012 with her partner Gil Ben-Artzy to invest in seed-stage founders from Israel that are seeking to expand into the US market. UpWest has 4 funds under management and has invested in nearly 100 companies at the early stage that today have a collective market cap of over $20B. A word from our sponsor:Privately owned and headquartered in New York City, Grasshopper Bank is built to serve the business and innovation economy. As a client-first digital bank, Grasshopper combines the best of banking technology and years of industry expertise to deliver best-in-class experiences with trusted security and unparalleled support. Grasshopper's digital solutions are tailored for venture capital and private equity firms, startups and small businesses, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, and more. Serving clients globally, Grasshopper provides flexible, firm-focused lending solutions, as well as a dedicated Relationship Manager committed to meeting the unique needs and strategic focus of your firm across all entities, including funds, general partner and management companies. Grasshopper is a member of the FDIC and an Equal Housing Lender.For more information, visit the bank's website at www.grasshopper.bank or follow on LinkedIn and Twitter.About Shuly Galili:Shuly is a Founding Partner at UpWest, a Silicon Valley seed fund investing in startups at the Israel-US technology junction. UpWest portfolio crossed $2B in VC funding and includes companies such as SentinelOne, HoneyBook, Stampli, CyCognito, Imubit, and more.She helped found the California Israel Chamber of Commerce (CICC), a business platform for ongoing tech exchange serving a network of over 10,000 companies. Under Shuly's leadership as Executive Director, CICC had a significant impact on its members' success in securing millions in venture capital, establishing US/Israel offices and R&D Centers and branding Israel's emerging tech industry in Silicon Valley.In this episode we discuss:(02:23) What gap they saw they wanted to fill in 2012(08:45) How the go to market strategy is different in the US vs. Israel(10:51) What their first fundraise was like with a new strategy(14:03) The strategic support UpWest received from its early LPs(15:39) The realization that they needed to grow to realize their vision(18:10) How Fund II changed their investing strategy and approach(21:50) When do you know it's time to raise your fund size?(25:42) What early-stage investors should optimize for(30:32) Defining a healthy venture GP partnership(33:57) UpWest's decision-making process(35:20) How Shuly and Gil maintain their partnership(38:14) Advice to her younger selfI'd love to know what you took away from this conversation with Shuly. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you'd like to be considered as a guest or have someone you'd like to hear from (GP or LP), drop me a direct message on Twitter.Podcast Production support provided by Agent Bee Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com

Balaji Srinivasan is back on Bankless with alarming takes. According to Balaji, in the next 90 days, the Dollar will hyperinflate—and the Bitcoin price will skyrocket to $1 Million. He's backed up these claims with a million dollar bet. With these dire predictions and a track record of strong takes, we needed to hear him out.  Who should we bring on next to counter these claims? ------

James Lavish is the CFA of the Bitcoin Opportunity Fund. The former hedge fund manager has 25 years of institutional investment and risk management experience. The Yale and Cornell alum, and former NHL draft pick, was recently Chief Operating Officer of Alternative Investments at asset management firm LKCM in Dallas, Texas. James was also the co-founder and a managing partner of Ranger Arbitrage, Head Arbitrage Trader and Officer of the Compliance Committee for Carlson Capital. He is the author of The Informationist Newsletter, and a co-founder of the economic and Bitcoin education group, The Looking Glass. Subscribe to James' newsletter: The Informationist https://jameslavish.substack.com Follow James on Twitter https://twitter.com/jameslavish Coin Stories is powered by  @Swan_Bitcoin  the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help. BITCOIN 2023 by  @BitcoinMagazine  will be the biggest Bitcoin event in history May 18-20 in Miami Beach. Speakers include Michael Saylor, Lyn Alden and Michelle Phan, plus a Day 3 music festival. Nearly 30,000 people attended Bitcoin 2022. Get an early bird pass at a steep discount at https://b.tc/conference code HODL for 10% off your pass.   Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats!  Health insurance needs an overhaul. The government and insurance companies have jacked the price, increased complexity, and made insurance almost unusable. You send your money to the health insurance black hole and never see it again. Then, when you get hurt you have to send them more money. The great news is now you have an alternative: CrowdHealth. It's totally different from insurance. Instead of sending your hard earned money to an insurance company, you hold your money in an account CrowdHealth helps you set up when you join. You can even convert dollars in that account into Bitcoin. When someone in the community has a health need, you help them out directly and if there is Bitcoin or $ left over in your account when you leave, you take it with you. https://www.joincrowdhealth.com/natalie  With iTrustCapital you can invest in crypto without worrying about taxes or fees, through an individual retirement account. IRAs are tax-sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is it's totally free to open an account, and there are no hidden fees, monthly subscriptions or membership fees. Your account is FDIC insured up to $250,000. Get a $100 funding bonus if you open and fund an account. Go to https://itrust.capital/nataliebrunell to learn more and open a free account. OTHER RESOURCES  Natalie's website https://talkingbitcoin.com/ The Informationist Newsletter https://jameslavish.substack.com The Looking Glass https://lookingglasseducation.com/   VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/  Cash App $CoinStories  BTC wallet bc1ql8dqjp46s4eq9k3lxt0lxzh6f2wcu35cl6944d   FOLLOW NATALIE ON SOCIAL MEDIA Twitter https://twitter.com/natbrunell Instagram https://www.instagram.com/nataliebrunell Linkedin https://www.linkedin.com/in/nataliebrunell Producer: Aron Bender https://www.linkedin.com/in/aron-bender/  DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional. #bitcoin #cryptocurrency #money

Bart Simpson starts a bank run:  https://www.youtube.com/watch?v=Ovfap2VtpHMSen. Kennedy vs Jerome Powell via TikTok: https://www.tiktok.com/t/ZTRWpb4oN/  

Are you curious about what happened to Silicon Valley Bank and how it impacts the economy? Listen to this episode to learn the scoop on SVB's recent bankruptcy and the government's role in helping them out. Discover important financial terms like FDIC and certificate of receivership and why they matter to you. Find out how to keep your money safe and make informed financial decisions. Don't miss out on this valuable lesson! Are you ready? Let's go! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's headlines: The latest update from the Manhattan District Attorney's investigation into Trump was that the grand jury heard testimony yesterday from Michael Cohen's former lawyer Robert Costello. The banking system is continuing another fraught week, with the FDIC announcing yesterday that following its closure last week, Signature Bank will sell to Flagstar Bank. Yesterday President Biden issued his first veto of his term in response to a bill that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people's retirement plans. UN scientists came out with a new report stating that the panel said humanity still has a chance, but only if we slash almost two-thirds of carbon pollution by 2035. Finally for today, Putin has welcomed China's Xi to the Kremlin amidst the fighting in Ukraine. Resources/Articles mentioned this episode: Washington Post: With Trump indictment possible, officials on watch for protests CNBC: FDIC announces agreement to sell Signature Bank assets to New York Community Bancorp subsidiary AP News: Biden issues first veto, taking on new Republican House AP News: World on ‘thin ice' as UN climate report gives stark warning AP News: Putin welcomes China's Xi to Kremlin amid Ukraine fighting Host: Sami Sage Morning Announcements is produced by Sami Sage alongside Amanda Duberman and Bridget Schwartz Original Music and Editing by Brandon Lee Bjornson

Gravy Seals, Manosphere tupperware sales, The Whale is a comedy film, Gigi Diore in studio, Karl and Vinnie call in with a Scum Parade, non-binary bison, Reverse PUA, the problem with the FDIC, autism and dating and autism, a guy that paid to get his penis chopped up, and the Taliban; all that and more this week on The Dick Show!

Today's Post - https://bahnsen.co/3JvZllP I imagine it is quite likely that the bond market has seen its highs in bond yields for quite some time to come (across the whole yield curve). The 10-year sits at 3.5%, down from 4.21%, and I will be surprised if it gets back up to that level. Likewise, the short end sits at 4.5%, down from over 5%, and I don't see it getting back there, either. If I am wrong, I am wrong, but I don't think I am here. China has bought $88 billion in oil, natural gas, and coal from Russia since the war began last year, up over $30 billion from the year prior and causing Russia to beat out Saudi Arabia as China's leading supplier. The government is evaluating how they can increase FDIC deposit insurance levels above $250,000 without getting Congressional approval. Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

This week's episode is LUSTY! First, we discuss Tennessee's thirstiest Lieutenant Governor, Randy McNally, who's taste for young male Instagram models has engulfed him in a very embarrassing scandal. Then we parse through the sordid story of the Silicon Valley Bank failure and fantasize about spanking some naughty bankers for potentially knocking the global banking system off of it's axis. Lastly, we take a long, hard look at the super manly, not at all gay bromance between David and Jonathan. Now's a good time to check your smoke alarms, because this story gets spicy… and bloody (I mean, it IS a Bible story). Thanks for listening, friends! If you enjoy the show, we'd sure appreciate it if you could leave us a review and tell a fellow Worship Studies major!

This week we talk about Silicon Valley Bank, Signature Bank, and Silvergate CapitalWe also discuss interest rates, the FDIC, and too big to fail.Support the show: patreon.com/letsknowthings & letsknowthings.com/supportShow notes/transcript: letsknowthings.comCheck out my other shows & publications: understandary.com ★ Support this podcast on Patreon ★

Sheila Bair is the former chair of the FDIC where she was a central figure in decision making during the financial crisis in 2008. Preet and Bair discuss whether the defunct Silicon Valley Bank should have received a bailout from the government and why Bair believes the Federal Reserve should stop raising interest rates.  Stay Tuned in Brief is presented by CAFE and the Vox Media Podcast Network. Please write to us with your thoughts and questions at letters@cafe.com, or leave a voicemail at 669-247-7338. References & Supplemental Materials: Sheila Bair, “US regulators are setting a dangerous precedent on Silicon Valley Bank,” Financial Times, 3/14/23 Sheila Bair, “Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself,” Simon & Schuster, 2008 Listen to the new season of Up Against The Mob with Elie Honig.  To attend a live taping of Up Against The Mob with Preet Bharara and Elie Honig on Tuesday, March 21 at 6:00pm ET, RSVP here: cafe.com/live For analysis of recent legal news, try the CAFE Insider membership for just $1 for one month: cafe.com/insider. Check out other CAFE shows Now & Then and Up Against the Mob.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

As markets look to recent bank failures, how are valuations for both stocks and bonds likely to change with this risk to growth?----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist for Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about the latest trends in the financial marketplace. It's Monday, March 20th at 11 a.m. in New York. So let's get after it. Over the past few weeks, the markets have fixated on the rapid failure of two major banks that, up until very recently, have been viewed as safe depository institutions. The reason for their demise is crystal clear in hindsight, and not that surprising when you see the interest rate risk these banks were taking with their deposits, and the fact that the Fed has raised rates by five percentage points in the past year. The uninsured deposit backstop put in place by the Fed and FDIC will help to alleviate further major bank runs, but it won't stop the already tight lending standards across the banking industry from getting even tighter. It also won't prevent the cost of deposits from rising, thereby pressuring net interest margins. In short, the risk of a credit crunch has increased materially. Bond markets have exhibited volatility around these developments as market participants realize the ramifications of tighter credit. The yield curve has steepened by 60 basis points in a matter of days, something seen only a few times in history and usually the bond market's way of saying recession risk is now more elevated. An inversion of the curve typically signals a recession within 12 months, but the real risk starts when it re-steepens from the trough. Meanwhile, the European Central Bank decided to raise rates by 50 basis points last week, despite Europe's own banking issues and sluggish economy. The German bund curve seemed to disagree with that decision and steepened by 50 basis points, signaling greater recession risk like in the U.S. If growth is likely to slow further from the incremental tightening in the U.S. banking system and the bond market seems to be supporting that conclusion, why on earth did U.S. stocks rally last week? We think it had to do with the growing view that the Fed and FDIC bail out of depositors is a form of quantitative easing and provides a catalyst for stocks to go higher. While the $300 billion increase in Fed balance sheet reserves last week does re liquefy the banking system, it does little in terms of creating new money that can flow into the economy or markets, at least beyond a brief period of, say, a day or a few weeks. Secondarily, the fact that the Fed is lending, not buying, also matters. If a bank borrows from the Fed, it's expanding its own balance sheet, making leverage ratios more binding. When the Fed buys a security outright, the seller of that security has more balance sheet space for renewed expansion. That is not the case in this situation, in our view. As of Wednesday last week, the Fed was lending depository institutions $300 billion more than it was the prior week. Half was primary credit through the discount window, which is often viewed as temporary borrowing and unlikely to translate into new credit creation for the economy. The other half was a loan to the bridge the FDIC created for the failed banks. It's unlikely that any of these reserves will transmit to the economy as bank deposits normally do. Instead, we believe the overall velocity of money in the banking system is likely to fall sharply and more than offset any increase in reserves, especially given the temporary emergency nature of these funds. Over the past month, the correlation between stocks and bonds has reversed and is now negative. In other words, stocks go down when rates fall now and vice versa. This is in sharp contrast to most of the past year when stocks are more worried about inflation, the Fed's reaction to it and rates going higher. Instead, the path of stocks is now about growth and our belief that earnings forecasts are 15 to 20% too high has increased. From an equity market perspective, the events of the past week mean that credit availability is decreasing for a wide swath of the economy, which may be the catalyst that finally convinces market participants that valuations are way too high. We've been waiting patiently for this acknowledgment because with it comes the real buying opportunity, which remains several months away. Thanks for listening. If you enjoy Thoughts on the Market, please take a moment to rate and review us on the Apple Podcasts app. It helps more people to find the show.

I've been getting a lot of DMs and texts asking what my thoughts are on the recent bank collapses and what I'm doing to protect my money. In this episode, I break down how the US banking system works and go over key terms, including what a run on the bank is and how it's changed over the past century.  I explain exactly what happened with Silicon Valley Bank and what the Fed did to ensure the whole banking system didn't collapse. Plus, I share ways to diversify your money and reduce risk going forward.    IN THIS EPISODE, WE TALK ABOUT: Why you shouldn't panic because of the recent bank collapses  What's protected (and what's not) with FDIC insurance How the fractional reserve banking system works and why it fails sometimes  How social media dramatically changed the landscape of bank runs  Five ways to diversify your money    RESOURCES Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.     CONNECT WITH CHRIS Follow Me: @chriswharder Visit My Website: https://chrisharder.me 

Welcome to March Money Madness. With several banks teetering what should you do with your money. One banker tries to comfort his depositors by offering his personal cell number. Plus, we answer the buriung questions: What is 100% safe? Then we hear from callers who want to know: Whose accounts are covered by FDIC insurance? What is a stable value fund? How many funds are needed to be properly diversified? Learn more about your ad choices. Visit megaphone.fm/adchoices

This week Logan and Evan are join by Michael Lewis, Co-Founder at THESIS Education, to discuss the Silicon Valley Bank crisis that shook the tech industry. SVB received an influx of deposits due to the tech boom and VC, leading to unrealized losses when they invested poorly. They sold at a loss and raised more money, causing a run on the bank. We explore the misunderstanding of the $250k FDIC deposit insurance limit, the systemic risk, and the government response, including guaranteeing deposits and letting banks fail. In our AI Edge segment, we showcase Chat-GPT 4's impressive abilities such as turning a napkin sketch into a website and generating recipes from grocery photos. We also delve into the backstory of OpenAI LP, a capped profit company spun up in 2019. Visit us at ⁠MiddleTech.com⁠ Follow Us ⁠Twitter⁠ ⁠Instagram⁠ ⁠Facebook⁠ ⁠LinkedIn⁠ ⁠Logan's Twitter⁠ ⁠Evan's Twitter⁠ Middle Tech is proud to be supported by: ⁠KY Innovation⁠ ⁠Bolt Marketing

Steven Kelly is a senior research associate at the Yale Program on Financial Stability and is a previous guest of the podcast. Steven rejoins Macro Musings to talk about the recent bank collapses at Silicon Valley Bank (SVB) and Signature, the government response, and what this means for financial stability policy in the present and future. David and Steven also discuss the role that interest rate risk and macro policy played in SVB's failure, the debate over the systemic nature of this crisis, the implementation and use of the Bank Term Funding Program, and more.   Transcript for the episode can be found here.   Steven's Twitter: @StevenKelly49 Steven's Substack: Without Warning   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   Steven Kelly Twitter thread on SVB   Daniela Gabor Twitter thread on SVB   *Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response* by Jeanna Smialek and Alan Rappeport   *Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?* by Erica Jiang, Gregor Matvos, Tomasz Piskorski, and Amit Seru

I have had a few emails and phone calls with people asking about the safety of their banks. Should they change banks? Should they diversify across banks? What's protected and so on. So in today's show, I want to answer some of these questions and give you the resources you need to evaluate your bank or credit union and also answer the question of how much protection you have. Articles, Links & Resources Visit: https://soundretirementplanning.com/ We're on YouTube! Are you DIY?  Be sure to check out the Retirement Budget Calculator LET'S CONNECT: Facebook LinkedIn Website Buy Jason's Book: Retirement Calculator: How Much Money Do I Need To Retire?  

Our expert hosts, Kate Moody and Benjamin Ensor, are joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. We cover the following stories from the fintech and financial services space: Silicon Valley Bank closed by regulators, FDIC takes control - 4:55 HSBC buys Silicon Valley Bank's UK unit for £1 in rescue deal - 18:30 Under legal threat from GOP lawmakers, Mastercard and Visa pause plan to track gun sales - 31:10 Iwoca introduces open banking-powered instant decisions for SME loans - 41:00 Central Bank of Nigeria publishes open banking guidelines - 50:20 Mexican unicorn Clara bags $90 million in debt financing amid expansion - 51:40 London Stock Exchange calls on Logan Roy to rally the markets - 53:30 This week's guests include: Alex Johnson, Creator, Fintech Takes Mike Carter, Head of Platform Lending, Innovate Finance With soundclips from: Harry Cranfield, Partner Channel Manager, Iwoca This episode is sponsored by Global Processing Services At Global Processing Services – the expert partner in issuer processing – they take your security seriously. Their game-changing Fraud Advantage tool, powered by Featurespace, assesses fraud risks in milliseconds and uses AI and machine learning, to constantly adapt to stay ahead of emerging fraud threats. With their array of available fraud solutions at your fingertips, you can feel secure with GPS as your payment processing partner. Find out more at www.globalprocessing.com/fraudmanagement Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It's hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Send us your questions for the Fintech Insider Mailbag here (https://11fscompany.typeform.com/to/kBMan5qL?typeform-source=t.co) Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guests: Alex Johnson, Harry Cranfield, and Mike Carter.

Heartland POD on Twitter - @TheHeartlandPOD Co-HostsAdam Sommer @Adam_Sommer85  (Twitter) @adam_sommer85 (Post)Rachel Parker @msraitchetp   (Post)Sean Diller @SeanDillerCO   (Twitter and Post)https://heartlandpod.com/JOIN PATREON FOR MORE - AND JOIN OUR SOCIAL NETWORK!“Change The Conversation”Yeah yeah… Mo dem party has leadership again, Russ Carnahan elected chair, Yvonne Reeves  probably not the favorite for progressives generally but hard to say not a legit name at a time when a brand name could be a very useful thing. True or FalseThe FTC is finally weighing in on what social media ads can and can't say and it isn't too late.https://www.reuters.com/technology/us-ftc-asks-social-media-video-streaming-firms-info-misleading-ads-2023-03-16/Yeah…No, Yeah The Odd Case of Marianne Williamson https://www.politico.com/news/2023/03/16/marianne-williamson-abusive-treatment-2020-campaign-staff-00087268Buy or SellThe Failure of Silicon Valley Bank could be a way to revisit FDIC protections https://www.semafor.com/article/03/16/2023/after-silicon-valley-banks-failure-one-policy-response-is-gaining-bipartisan-momentumSenator Liz told us this would happen…when Trump rolled back Dodd-Frank IN 2018, y'all: https://www.nbcnews.com/politics/congress/svb-collapse-warren-porter-unveil-bill-repeal-trump-bank-law-rcna74785Liz: “In 2018, I rang the alarm bell about what would happen if Congress rolled back critical Dodd-Frank protections: Banks would load up on risk to boost their profits and collapse, threatening our entire economy — and that is precisely what happened,” Warren said. “President Biden called on Congress to strengthen the rules for banks, and I'm proposing legislation to do just that by repealing the core of Trump's bank law.”ProPublica nails it: https://www.propublica.org/article/silicon-valley-bank-failure-fdic-fed-failureThe Big One: Trump's Pending Arrest, 2024 Impact, and Adam's 2024 Mt. Rushmore Where Rachel Gets to go first Trump appears to be facing charges with a pending arrest in NY related to Stormy Daniel's and business record fraud, Trump says Tuesday arrestTrump calls for protests, personally attacking Allan Brag the prosecutorTrump Jr is whipping up the troopshttps://twitter.com/donaldjtrumpjr/status/1637088291248918532?s=46&t=mukZUfs5M_R3E9tAHIu-GATruth Social money laundering investigation (I am SHOCKED I tell you, SHOCKED)https://www.theguardian.com/us-news/2023/mar/15/trump-media-investigated-possible-money-launderingImpact on 2024 primaryTrumps deregulation collar adds weight?https://www.theguardian.com/us-news/2023/mar/17/donald-trump-railways-banks-deregulation-blames-bidenWacky In WACOhttps://www.texastribune.org/2023/03/17/donald-trump-2024-presidential-race-waco/Trump is shookEach pick your top 4 2024 names Dem or GOP Last Call:  Iraq War Invasion…20 Years On From Rachel: Bush broke the fucking world and is still an idiot. https://www.huffpost.com/entry/bush-didnt-know-there-wer_n_26528Once again, Democracy Now just crushes it with the coverage of the conflict. Excellent.  https://www.democracynow.org/2023/3/17/neta_crawford_iraqFox News was the war's most important mouthpiece; war on terror came at a time when the nascent network needed to galvanize Bush's narrow support. 

Is my money safe? That's the question on many bank customers' minds after the stunning failures of Silicon Valley Bank and Signature Bank in the past week, along with the takeover of Credit Suisse. A bank run on Silicon Valley Bank led the Federal Deposit Insurance Corporation to take control of the bank last Friday in the second-largest bank failure in US history. Two days later, the FDIC also took over Signature Bank. Tom Kelly tells a 90 year old story about his great grandfather that makes Tom wonder is his money safer in a bank or a pillowcase.

Bill Ackman is the CEO of Pershing Square Capital Management, L.P., an SEC-registered investment adviser founded in 2003. Pershing Square is a concentrated research-intensive fundamental value investor in long and occasionally short investments in the public markets. Bill is also a member of the board of Universal Music Group N.V. He serves as a member of the Investor Advisory Committee on Financial Markets for the Federal Reserve Bank of New York, and a member of the Board of Dean's Advisors of the Harvard Business School. Prior to forming Pershing Square, Mr. Ackman co-founded Gotham Partners Management Co., LLC. In Today's Episode with Bill Ackman We Discuss: 1.) From HBS to Starting Your First Fund: How did Bill go from HBS to raising his first fund in Gotham Partners? How was that first fundraise? From 100 meetings, what worked? What did not work? What were the core fundraising lessons? What did Bill learn about great partnerships from his time with David building Gotham? 2.) Bill Ackman: A Winner's Mindset: How To Deal with the Highs and Lows: On reflection, what have been the most challenging times for Bill professionally? What does he say to himself when he is going through the hardest times? What is his mind talk? When the war is lost and it is time for learning, how does Bill reflect and learn from losses? Bill has previously described himself as "the most persistent man in America". How does Bill know when enough is enough, he was wrong and it is time to change his approach? 3.) Bill Ackman: SVB + Bank Runs and The Future of our Financial System: Why does Bill believe that the depositor guarantees for SVB and Signature Bank have created a "Three Tier Banking System"? What are those three tiers? Why does Bill believe that SVB is now the safest place to deposit your money? Why is First Republic Bank and SVB very different in terms of their exposure? What can be done to prevent further bank runs? What should the Fed be doing? Why are they not doing it? What would Bill do if he was in charge of the Fed? Why does Bill believe the current levels of FDIC insurance are insufficient and outdated? What should be used in their place? 4.) Bill Ackman: The World Around Us & Potential Politician Why does Bill want Jamie Dimon to run for President? If it is Trump vs Biden, who wins? Why does Bill believe Biden's tax policies destroy the US economy? What should we have instead? Why does Bill believe we should give every newborn baby $6,500 and invest it for them when born? What are Bill's 10-Year Long's and 10-Year Shorts? Why them? Would Bill ever run for politics? When is the right time?

The collapse of Silicon Valley Bank is said to be the second largest bank collapse in U.S. history. There were lines of customers waiting to withdraw from their accounts. It looked like a run on the bank until President Biden, Treasury Secretary Janet Yellen and National Economic Council Director Lael Brainerd stepped in to avert a crisis similar to that of 2008. --Alex Newman returned to Crosstalk to bring his analysis to this issue. Alex is an award-winning international freelance journalist, author, researcher, educator and consultant. He is senior editor for The New American. He is author of Crimes of the Educators and Deep State- The Invisible Government Behind the Scenes. He is founder of Liberty Sentinel.--What brought the collapse about-- The approximate cause is that they were sitting on a very large number of U.S. bonds. So when interest rates rise, long-term U.S. treasury bonds decline in value. In other words, the bank was sitting on large, unrealized losses on the bonds. When depositors began trying to pull out their money, they had to sell some of the bonds and they ended up realizing some of those loses and at that point it became obvious there wasn't going to be enough money to cover the deposits.--Alex believes that at its core, our monetary system is fundamentally unsustainable and must lead to destruction. In fact, he contends that what we're seeing now is exactly what America saw in the run-up to the Great Depression. You'll see this all come together as he provides the history behind the Great Depression, the creation of the Federal Reserve, the role of the FDIC, and the FedNow Service.

Discover if your money is safe in a bank, if it is FDIC insured, and what Janet Yellen said to the Representative from Oklahoma. I'm getting a lot of questions about whether banks are safe and specifically if small banks are safe. My audiobook of "3 Steps to Quantum Wealth" is now available! Get it on Amazon here. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters!  INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with stock and crypto ticker symbols and percentages to invest -Monthly VIP investing webinars with Linda -Private VIP Facebook group with daily interaction with Linda -Weekly VIP stock market & crypto update emails -Lifetime access with no additional cost -US and foreign investors, no minimum $ amount required Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50" at checkout. More information is here or have a complimentary consultation with Linda to answer your questions. To request an appointment to talk with Linda, click here. The article is here. QUANTUM BOOK BONUSES These bonuses are available when you buy my newly released book, 3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies on Amazon, here.  As a thank you for buying the book on Amazon, you will receive a: Set of 4 Wealthy Mindset Blueprint audio recordings to help you create a wealthy mindset ($197 value) Webinar with Linda called “Financial Freedom by Investing in Cryptocurrencies” ($1,500 value) On the webinar you will learn: -The wealth building potential of the 8 cryptocurrencies mentioned in the book -Why they will experience exponential growth -Strategies for accumulation The link to the book bonus page is here.  WANT TO BUY STOCK PRE-IPO? #Ad For Accredited Investors, sign up to receive a $250 credit from Linqto, click here. If you are watching this on YouTube, you will need to copy and paste this into your browser: https://www.linqto.com/signup?r=e9tdhbl49v  Need to find out how to get Accredited? Listen to my podcast. PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here. PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". PLEASE LEAVE A BOOK REVIEW FOR THE WEALTH HEIRESS BOOK Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH MENTORING LIBRARY OF PODCASTS Listen to the full wealth mentoring library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. TODAY'S SPONSOR Get Think and Grow Rich or another book from my recommended financial books list, and be sure to get started checking off the books you have read. Be Wealthy & Smart, is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor™. Learn simple steps that make a big difference to your financial freedom.  (Some links are affiliate links. There is no additional cost to you.)  

Is the banking system in America collapsing? The recent closure of Silicon Valley Bank and Signature Bank, combined with the loss of confidence and sale of Credit Suisse has sent shockwaves through the global financial system. Fran Racioppi brings back Episode 91 guest and former Chief Innovation Officer at the Federal Deposit Insurance Corporation (FDIC) Sultan Meghji, to answer the questions we are all asking: why are banks failing? Should we be concerned about our money? Are taxpayers footing the bill? When should we worry? Learn more about Sultan Meghji on LinkedIn and Twitter @sultanmeghji.Check out The Jedburgh Podcast Website. Subscribe to us and follow @jedburghpodcast on all social media. Watch the full video version on YouTube.Highlights:-0:00 Welcome back to The Jedburgh Podcast -1:51 Don't worry about your checking account-4:26 The banking crisis interest rates explained-6:37 Mortgage backed securities and the changes since the 2008 financial crisis-8:14 The failure at Credit Suisse-9:48 The role of the FDIC-14:10 Are taxpayers footing the bill?-15:32 What will cause a run on the banking system?-17:45 Why Sultan only fears defaulting on the debt ceilingQuotes:-”Don't worry about your checking account….Don't stress about it. It doesn't matter if it has $1 in it or a billion dollars in it.” (2:02)-”Having the single largest increase in federal reserve interest rates in human history has caused a tremendous imbalance in a subset of the banks in the United States.” (3:15)-”We don't have a banking crisis. We have a psychological issue right now.” (3:43) -”You can trace the balance sheet problems for Silicon Valley Bank directly back to the increase in Federal Reserve interest rate hikes.” (6:27)-”When the US Government took it over, it just took them a few days to reboot the computer.” (11:42)-”You should have money in one of the big systemically important banks. You should have money in a credit union. And you should have money in a midsize regional or community bank.” (12:57)-”Literally the only thing that I would ever worry about…is if somehow the US defaulted on the debt ceiling.” (17:45)This episode is brought to you by Jersey Mike's, Compass Workforce Solutions, 18A Fitness

Economist and AEI senior fellow Dr. Paul Kupiec joins Rep. Crenshaw to explain the abrupt collapse of Silicon Valley Bank. They break down in layman's terms what caused the collapse, the failures in regulatory and management oversight, how this will affect taxpayers, and options policymakers must weigh to reform and fortify our financial systems from systemic risk. *Editor's note* Rep. Crenshaw and Dr. Kupiec skipped the standard intro and jumped right into the conversation. Please see below for Dr. Kupiec's bio. Paul Kupiec is a senior fellow at the American Enterprise Institute (AEI), where he studies systemic risk and the management and regulations of banks and financial markets. Before joining AEI, Kupiec was an associate director of the Division of Insurance and Research within the Center for Financial Research at the Federal Deposit Insurance Corporation (FDIC). Kupiec was also director of the Center for Financial Research at the FDIC and chairman of the Research Task Force of the Basel Committee on Banking Supervision.  He has previously worked at the International Monetary Fund (IMF), Freddie Mac, J.P. Morgan, and for the Division of Research and Statistics at the Board of Governors of the Federal Reserve System. Kupiec has edited many professional journals, including the Journal of Financial Services Research, Journal of Risk, and Journal of Investment Management. He has a Bachelor of Science degree in economics from The George Washington University and a doctorate in economics — with a specialization in finance, theory, and econometrics — from the University of Pennsylvania.

Silicon Valley Bank was the 16th largest bank in America, the bank of choice for tech startups and big-name venture capitalists. Then, in the span of just a few days, it collapsed. Whispers that SVB might be in trouble spread like wildfire through group texts and Twitter posts. Depositors raced to empty their accounts, withdrawing $42 billion in a single day. Last Friday, after regulators declared that SVB had failed, the FDIC seized the bank.As the dust settles on the biggest bank failure — and bank rescue — in recent memory, we're still figuring out what happened. But poor investment choices, weak regulation, and customer panic all played their parts. We'll look into the bank's collapse to understand what it can teach us about the business of banking itself.This episode was produced by Willa Rubin, with help from Dave Blanchard. It was edited by Keith Romer, and engineered by Brian Jarboe. Fact-checking by Sierra Juarez. Our acting executive producer is Jess Jiang.Music: "I Don't Do Gossip," "Groovy Little Penguins" and "Vision." Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.