Podcasts about silicon valley bank svb

Highlights from this week's conversation include:Lockwood's Background and Journey (0:46)Vincimus Capital Overview (2:09)Democratization of Private Markets (3:51)Transition to Private Equity (4:52)Influence of Shackleton's Endurance (7:43)Current Market Opportunities (8:40)Criteria for Ideal Clients (14:26)Opportunities in Larger Investments (17:09)Slow Dating in Manager Selection (20:26)Evaluating Deal Opportunities (22:07)Insider Segment: SVB's Approach to Innovation (26:10)Diversification in Venture Capital (31:07)Investment Buckets (36:02)Philanthropy in Wealth Management (39:00)Fund Manager Dynamics (41:55)The Importance of Patience in Investment (46:28)Connecting with Contacting Vincimus Capital and Final Thoughts (48:22)Vincimus Capital is an investment platform and community founded upon shared values and trusted relationships. As a team of capital allocators, we seek to deliver risk-adjusted returns that support the present and future needs of the values-aligned families we serve. Learn more: https://www.vincimus.com/Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week's conversation include:Ian's Journey in Wealth Management (0:41)Founding Westfuller Advisors (5:05)Challenges in Early Days (10:36)Current Differentiation and Pitch (12:18)Long-term Strategic Asset Allocation Model (14:37)Ownership Lens Focus (16:57)Advocacy for Due Diligence (18:16)Economic Mobility and Career Decisions (22:32)Insider Segmeng: Catalyst 2045 Initiative Overview (25:59)Investment Focus Areas (28:32)Challenges in Supporting Underrepresented Founders (32:16)Future of Values-Aligned Investing (35:04)Investment in Generative AI (40:56)Incremental Impact in Investment (43:46)Active Ownership and Corporate Stewardship (46:43)Building Long-Term Partnerships (48:39)Final Thoughts and Takeaways (50:55)Westfuller Advisors is a values-driven investment advisory and wealth management firm dedicated to providing advice, strategy, and investment management for mission-aligned individuals, families, nonprofits, and foundations globally. Committed to fostering a just and equitable society, Westfuller integrates clients' values into tailored financial solutions. Learn more: https://westfulleradvisors.com/Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Tom welcomes back an always interesting guest who dives deeply into various financial topics; John Titus. Several key topics were discussed, including the banking crisis of March 2023, federal debt, central bank independence, and the implications of the Fed's policies. Titus began by revisiting his prediction of the banking crisis, attributing it to the Federal Reserve's quantitative easing program during the pandemic. He explained that this led to a surge in commercial bank deposits, which ultimately caused instability when large deposits were withdrawn from banks like Silicon Valley Bank (SVB). Titus emphasized that these massive deposits, often exceeding $1 billion, were uninsured and posed significant risks when withdrawn rapidly. He discussed how the Fed's actions during the pandemic injected liquidity into non-bank entities, leading to a buildup of deposits in commercial banks. This created a situation where the failure of SVB was inevitable due to the withdrawal of large deposits. Moving on to federal debt, Titus expressed concern about the growing U.S. debt and its sustainability. He highlighted that the Fed's policies have led to a system where debt is used to finance government operations, creating a cycle of borrowing to cover interest payments. This spiral could lead to fiscal insolvency if not addressed. The discussion then turned to central bank independence and the implications of a Biden administration memo emphasizing central bank autonomy. Titus argued that in the U.S., the Federal Reserve is not truly independent but rather an agency under Congress, which has the constitutional authority to oversee it. He warned against efforts to model the Fed after systems like the European Central Bank, which operate independently of national governments, as this could erode democratic accountability. Titus also previewed his new series, "The War for Bankocracy," which explores the history and power dynamics of central banks. He emphasized the importance of constitutional governance over monetary policy, arguing that Congress must maintain control to prevent abuses of power by central bankers. Throughout the interview, Titus stressed the need for public awareness and engagement in monetary policy decisions, urging listeners to stay informed and advocate for transparency and accountability in how debt and money are managed. His analysis highlighted the interconnected risks posed by federal debt, banking instability, and central bank autonomy, emphasizing that these issues require immediate attention to prevent further economic crises. Time Stamp References:0:00 - Introduction0:48 - Predicting Bank Failures4:12 - Bank System in 20256:43 - Risks or Manipulation10:06 - Fed, Deficits, & Austerity12:43 - Fed & Fiscal Dominance15:05 - The Debt Spiral20:15 - Extinguish Debt?23:40 - C.B. Gold Reserves25:57 - U.S. Rates & Debt Rollover27:07 - Treasury Dealers31:25 - Fed & Inflation34:59 - Neverending Puzzle36:30 - Debt Solutions?40:00 - Reverse Repo Status45:15 - Fed 'Independence'50:00 - Biden Memo Concerns52:26 - C.B. Independence55:20 - Bankocracy Series Guest Links:SubStack: https://bestevidence.substack.com/Rumble: https://rumble.com/c/c-1843407Odysey: https://odysee.com/@BestEvidence:bYouTube: https://www.youtube.com/@BestEvidenceBankocracy Series Episodes: https://www.youtube.com/watch?v=y-fPI_tleUo&list=PLXr4cxq6ih6DbS8NIMK3nAiEM8AggZ_DQ John Titus holds a masters degree in electrical engineering as well as a law degree and he uses these to pursue his "day job". However, John is also a staunch critic of central banking the federal reserve system and his diligent research has uncovered numerous lies and deceptions from the U.S. Federal Reserve regarding their actions/policies since 2008. John is the creator and executive producer of the "BestEvidence" YouTube channel and all of his documentaries can be found there. BestEvidence seeks to chronicle major financial forces and legal changes be...

Highlights from this week's conversation include:Meghan's Background and Journey (1:18)Capital Formation Insights (7:39)Lessons from Goldman Sachs (9:05)Advice for Emerging Managers (11:11)Importance of Client Experience (17:00)The Competitive Landscape of Venture Capital (19:14)Changing GP and LP Relationships (23:29)Creativity in Investor Relationships (28:19)Insider Segment: Florida's Diverse Venture Ecosystem (31:10)Challenges and Opportunities in Florida Startups (35:40)Talent Access and Flexibility (39:08)Institutional Reporting Challenges (41:02)Trust and Transparency in Fundraising (45:23)Institutional LP Process Advice (49:35)Power Law in Venture Capital (54:35)Understanding Capital Allocation (56:49)Fund Sizes and Venture Capital Dynamics (1:00:12)Final Thoughts and Takeaways (1:05:10)Altimeter Capital Management is a leading investment firm specializing in technology-focused public and private market investments. By integrating insights across markets, Altimeter aims to drive innovation in the financial industry.http://www.altimeter.com/Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Per lungo tempo gli osservatori del mondo del vino hanno sondato il mercato alla ricerca di segnali che evidenziassero elementi tangibili dell'innescarsi concreto di un processo di cambiamento generazionale nella schiera dei consumatori potenzialmente più significativi. Testimonianze in tal senso sarebbero arrivate negli ultimi mesi, secondo il 24° Rapporto annuale sullo stato dell'industria vinicola degli Stati Uniti di Silicon Valley Bank (SVB). Lo studio, reso pubblico il 23 gennaio scorso e considerato come principale fonte di tendenze del settore, in particolare nel segmento dei vini premium, riterrebbe infatti che per la prima volta dopo trent'anni si sarebbe verificata una correzione del mercato basata sulla domanda, condizione che richiederebbe opportune risposte da parte di un'industria fiaccata da una fase complessa e critica le cui vendite totali chiuderebbero il 2024 con una crescita negativa dei volumi, compresa tra   -3% e -1%

Highlights from this week's conversation include:Insider Segment: SVB's Role in the Innovation Economy (1:14)Challenges for Emerging Managers (4:31)Global Innovation and Connectivity (6:15)SVB's Offerings Beyond Financing (8:41)Treasury Services and Liquidity Solutions (10:59)Ertan Can's Background and Journey into VC (13:45)The Birth of Multiple Capital (17:41)Pan-European Portfolio Strategy (20:38)Investment Jurisdictions and Structures (24:06)Opportunities for US Investors (28:27)Exit Markets and Valuation Benefits (30:01)The Rise of European Startups (33:08)Identifying Outliers in the Ecosystem (35:10)Focus on Small and Seed-Stage Funds (38:31)Adapting to Market Changes (42:26)Advantages of Solo GPs (45:24)Future of the European Market (50:27)The Randomness of Venture Success (54:25)Final Thoughts and Takeaways (1:01:09)Multiple Capital is Europe's first tech-focused fund of micro funds, founded in 2018 by Ertan Can. The firm invests in emerging and solo fund managers across Europe and the U.S., focusing on overlooked opportunities in niche geographies and verticals. With a portfolio spanning over 1,000 companies, Multiple Capital aims to democratize access to early-stage tech investments and foster innovation. Learn more: https://www.multiple.capital/Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com. Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

If you work across time zones, borders, and cultures, this is the show for you. This is your host Leonardo, welcome to the international business podcast.     What are the major differences between U.S. and Chinese business dealings and practices?   What questions do today's business leaders need to ask to work successfully and carefully with China?   How does the CCP operate, including their use of flattery to manipulate and replicate business models?   Join Leonardo on Patreon for:⁠⁠ Podcast Archive: 102 episodes (40+ hours). Podcast Bonus Episodes: New exclusive content. Early Access: Upcoming YouTube videos and newsletters. Thinking Process Journal: Insights into Leonardo's content preparation, including a curated reading list and personal reflections. Q&A: Submit questions for future episodes, and receive a shoutout when they are answered. Joining Leonardo we have Ken Wilcox. He was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and an Adjunct Professor at U.C. Berkeley.   Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. His account of establishing an innovation bank in China, “The China Business Conundrum: Ensure that Win-Win Doesn't Mean Western Companies Lose Twice”, was published in November 2024 from Wiley.   For an extra 20 minutes episode with Ken, check out the PLUS episode that is coming out tomorrow. It is available for Patreon subscribers.   You can purchase Ken's book on Amazon here. This will contribute to The International Business Podcast.   If you work across time zones, borders, and cultures, come on the show to share your story. Connect with the host Leonardo Marra

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/east-asian-studies

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/chinese-studies

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/technology

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers. Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China's unique political economy and development trajectory. Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley. Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars. For more of Ken's insights, follow his substack. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Lorentzen's other NBN interviews relating to China's tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba's business model and organizational culture, Surveillance State, on China's digital surveillance, Prototype Nation, on the culture and politics of China's innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ken Wilcox, former CEO of Silicon Valley Bank, discusses his book "The China Business Conundrum" and the challenges of doing business in China. He explains the concept of "one bed, two dreams," highlighting the disparity in goals between western and Chinese joint venture partners. Wilcox details his bank's entry into China, emphasizing the strategic invitations and control exerted by the Chinese Communist Party. He recounts the extensive regulations and control mechanisms, including a three-year restriction on using Chinese currency. Despite the challenges, Wilcox values the experience, noting the complex interdependence between the U.S. and China.If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com  or send a voice message via https://www.speakpipe.com/economicsexplored. About this episode's guest: Ken WilcoxKen Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB's joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the AsiaSociety of Northern California, the Asian Art Museum, and UC San Diego's 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and an Adjunct Professor at U.C. Berkeley.Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things (Waterside Productions, 2020) and its accompanying workbook, How About You? (Waterside Productions, 2023). His account of establishing an innovation bank in China, The China Business Conundrum: Ensure that Win-Win Doesn't Mean Western Companies Lose Twice, is forthcoming from Wiley.To connect with Ken, please visit: www.linkedin.com/in/kenwilcoxsvb/Timestamps for EP259Introduction and Overview of the Podcast (0:00)Ken Wilcox's Journey into China (4:40)Challenges and Strategic Invitations in China (8:10)Guanxi and Corruption in Business Relationships (14:13)State Control and Joint Venture Challenges (20:42)Impact of SVB's Collapse and Final Reflections (40:02)TakeawaysJoint ventures in China often suffer from differing goals between Western companies and their Chinese partners, a phenomenon Ken Wilcox refers to as "One Bed, Two Dreams."The Chinese Communist Party (CCP) holds significant control over both private and state-owned companies, making it difficult for foreign businesses to operate independently.Guanxi, a system of mutual obligation and trust, plays a critical role in business relationships in China, but it often involves navigating corruption and complex social expectations.Foreign companies entering China are often targeted for their intellectual property, and the CCP uses strategic partnerships to gain technological insights.Ken Wilcox's experience with Silicon Valley Bank in China illustrates the frustrations foreign firms face due to slow regulatory processes and overwhelming state control.Links relevant to the conversationKen's book “The China Business Conundrum”:https://www.amazon.com.au/China-Business-Conundrum-Win-Win-Companies/dp/1394294166Previous Economics Explored episodes on China:China's Economic Future Under Xi & the Australia-China Relationship w/ Emmanuel Daniel – EP253 https://economicsexplored.com/2024/09/17/chinas-economic-future-under-xi-the-australia-china-relationship-w-emmanuel-daniel-ep253/Enterprise China: what western businesses need to know w/ Prof. Allen Morrison  – EP171https://economicsexplored.com/2022/12/26/enterprise-china-what-western-businesses-need-to-know-w-prof-allen-morrison-ep171/Why we're in the Decisive Decade with China & what the West should do w/ Dr Jonathan D. T. Ward – EP182https://economicsexplored.com/2023/04/09/why-were-in-the-decisive-decade-with-china-what-the-west-should-do-w-dr-jonathan-d-t-ward-ep182/China, Taiwan & the Indo-Pacific w/ Dr Greta Nabbs-Keller – EP146https://economicsexplored.com/2022/07/04/china-taiwan-the-indo-pacific-w-dr-greta-nabbs-keller-ep146/Lumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED 

Episode 355 of The VentureFizz Podcast features Ben Maitland-Lewis, Director of Startup Banking & Founder Success at Silicon Valley Bank (SVB) and yes, this episode is also sponsored by SVB. Ben and I go way back. His previous company, Pretty Instant, had a long-standing relationship with VentureFizz. This Y-Combinator company was an on-demand photography marketplace that did all of our office tour photoshoots on VentureFizz. It honestly was an amazing experience… such a great company. But even when you work with someone for a long time and you have a great professional relationship, there is so much about the person that you don't know and this is one of the reasons why I love this podcast. I learned that Ben's background story is very eclectic… from living abroad as a child, to being a street performer and being in the circus to playing music with an orchestra… and then being in a band playing the top clubs in LA to playing drums for other bands like Incubus, Dishwalla, and others… I could go on and on, so I'll stop here and let him tell his story in this interview. Today, Ben is still leveraging his experience as a founder but helping other entrepreneurs in lots of meaningful ways at SVB. In addition to Ben's background story, we also cover: * A discussion about making the transition from founder to employee. * Ben's journey into entrepreneurship and the story of PressKit. * All the details about Pretty Instant and how the company got started and scaled. * His current role at SVB and the different ways he is working with founders. * Some analysis and positive vibes from SVB's State of the Markets report. * And so much more. Episode Sponsor: As a longtime champion of the local startup ecosystem, Silicon Valley Bank supports innovative companies with the solutions and financing they need through every stage of growth. With more than 1,500 bankers and relationship advisors, and $42B in loans as of Q2 2024 – SVB delivers the right people, service and resources to support your entire financial journey. Learn more at SVB.com.

A few takeaways from this conversation:— Early crypto applications were challenging to use and primarily attracted tech enthusiasts and speculators. Over time, the technology matured, making applications more user-friendly and broadening the user base. While there's still a long way to go, the maturation of the technology also led to a shift in focus from speculative gains to building durable and sustainable businesses.— A significant issue in the crypto space is the short-term focus of many projects, prioritizing quick liquidity events, like token generation events (TGEs), over long-term business building. This emphasizes the importance of founders who are serious about building lasting companies rather than those looking for quick gains.— Market cycles heavily influence behavior in the crypto space. Bull markets attract a lot of attention and speculative projects, while bear markets tend to wash out less-committed participants, leaving behind those genuinely interested in the technology. smac notes that bear markets often lead to better quality projects and more serious builders.— Events like the FTX collapse and the Silicon Valley Bank (SVB) crisis reinforced the importance of self-sovereignty and distrust in traditional institutions. Compound's belief in the growing importance of self-sovereignty extends beyond financial institutions to healthcare, education, and data institutions.— Compound looks for founders who are serious about building their companies and have a long-term vision. They value founders who are thoughtful about their projects and not just looking for quick liquidity.— How crypto can be applied in areas like distributed energy and healthcare data. We also highlight the potential of decentralized physical infrastructure networks (Deepin) and decentralized science (DeSci) as promising areas for future investment.

The 2023 banking crisis brought to light significant vulnerabilities within the financial system, exemplified by the collapse of Silicon Valley Bank (SVB) and other financial institutions. To understand the underlying causes and potential ramifications, Alli Morse, Principal & Relationship Manager, conducted an insightful interview with Corporate Credit analyst, Charlie Sheehan. Here are the key points discussed regarding the failures of these banks, the systemic risks exposed, and the future outlook for the banking sector:SVB's collapse and the loss of confidenceVelocity of money and technological advancementsRisk management oversightRegulatory reforms Future outlook for banking and investor considerations

This Week in Startups is brought to you by… OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist⁠ NetSuite. The number one cloud financial system, bringing accounting, financial management, inventory, and HR, into ONE platform. Giving you ONE source of truth. By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity Attio - A radically new CRM for the next era of companies. Head to https://attio.com/twist⁠ to get 15% off for your first year. * Todays show: David Weisburd hosts Joshua Berkowitz, Donald Stalter and Jason Calacanis to discuss Elon Musk raising $6B for his new AI startup (5:02), PitchBook's report on Emerging Managers (17:32), SVB's venture portfolio situation (44:18), and much more! * Liquidity Timestamps: (0:00) David Weisburd intros Joshua Berkowitz, Donald Stalter and Jason Calacanis (5:02) Elon Musk raises $6B for his new AI startup (9:49) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist⁠ (13:16) Sequoia leading a $6B round for AI (17:32) PitchBook's report on Emerging Managers (20:38) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity (28:18) The impact of the surge of venture capital in 2021 and its implications for the ecosystem (30:41) Attio - Head to https://attio.com/twist⁠ to get 15% off for your first year. (34:42) The impact of a positive investor attitude on founders (44:18) The Silicon Valley Bank (SVB) venture portfolio situation (49:33) Lightning round of last 3 investments * Thank you to our partners: (9:49) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist⁠ (20:38) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity (30:41) Attio - Head to https://attio.com/twist⁠ to get 15% off for your first year. * Mentioned on show: https://www.axios.com/2024/05/03/svb-venture-capital-arm * Follow Donald: X: https://twitter.com/donnystalter LinkedIn: https://www.linkedin.com/in/donaldstalter Check out: https://www.fieldguide.io https://www.permitflow.com https://slopepay.com * Follow Joshua: X: https://twitter.com/berkowitz_josh LinkedIn: https://www.linkedin.com/in/joshua-berkowitz-86005b23/ Check out: https://dexa.ai https://powerset.co * Follow David: X: ⁠https://twitter.com/DWeisburd⁠ LinkedIn: ⁠https://www.linkedin.com/in/dweisburd⁠ Check out: ⁠https://10xcapital.com * Follow Jason: X: ⁠https://twitter.com/jason⁠ Instagram: ⁠https://www.instagram.com/jason⁠ LinkedIn: ⁠https://www.linkedin.com/in/jasoncalacanis * Check out the Launch Accelerator: https://launchaccelerator.co * Check out Founder University: https://www.founder.university * Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp * Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland * Check out Jason's suite of newsletters: https://substack.com/@calacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups * Subscribe to the Founder University Podcast: https://www.founder.university/podcast

Find out what truly happened at Silicon Valley Bank (SVB) and Signature Bank, and what caused the bank failure. Show notes and transcript at What REALLY Happened at Silicon Valley Bank (SVB) and Signature Bank Find out what truly happened at Silicon Valley Bank (SVB) and Signature Bank, and what caused the bank failure. Show ... Read More

Today's guest is June Angelides MBE – a former founder, turned VC. June grew up in Nigeria before coming to London to study Economics. She then joined Thomson Reuters working on the news desk, covering syndicated loans before she got a call to join Silicon Valley Bank  (SVB) who were just starting up here in London. She joined a small team there, working on both the Venture Debt Team and Early Stage Banking where she started forging connections with early stage startups and founders.It wasn't long before June wanted a taste of entrepreneurship herself so she started Mums in Tech - the first child-friendly coding school in the UK - which ultimately taught over 250 women to code in 3 years and earned June an MBE from the Queen.After Mums in Tech closed down, June joined Samos Investments in 2018, where she remains today, investing in high growth European businesses. She has also founded an angel syndicate that invests into African Startups.In this episode, June and I discuss her career journey from working in the early days at Silicon Valley Bank here in the UK, setting up and subsequently shutting down her business, becoming an investor and the traits she looks for in founders, the importance of storytelling when pitching, as well as how representation and role models matter.I learned a lot talking to June about her founder investor journey and I think you will too. So here is my conversation with June Angelides.Enjoy!June website / Twitter / LinkedIn / InstagramDanielle on Twitter / Instagram / Newsletter / SponsorshipMentioned in this episode:UK Government backed women-led high-growth enterprise taskforce report 

A year after the collapse of Silicon Valley Bank (SVB), Justin Livengood returns to the podcast to talk about more recent concerns about US regional banks and important differences between the situation now and one year ago. (Invesco Distributors, Inc.)

In the middle of the day on Friday, March 10, 2023, bank regulators swiftly shut down Silicon Valley Bank (SVB), arguably averting a wider panic. Compared to past financial crises, it was not especially economically significant, but it stands out as an important, illustrative example of the economics of banking. In a paper in the Journal of Economic Perspectives, author Andrew Metrick explains the causes behind SVB's failure and how the government responded. He says that understanding the collapse of SVB is a stepping stone to making sense of more complicated financial crises such as the Global Financial Crisis. Metrick recently spoke with Tyler Smith about why Silicon Valley Bank failed and what policymakers can do to prevent financial crises.

This Day in Legal History: Women Admitted to Practice Before Supreme CourtOn February 15, 1879, a landmark moment unfolded in the annals of American legal history as President Rutherford B. Hayes signed groundbreaking legislation that fundamentally transformed the legal profession in the United States. This legislation, a pivotal stride towards gender equality, granted women the right to practice law before the United States Supreme Court, a privilege that had been exclusively reserved for men until that point. The enactment of this law not only marked a significant departure from longstanding gender-based restrictions but also symbolized a crucial step toward dismantling the barriers faced by women in the legal field.The first to avail of this newfound right was Belva Lockwood, an attorney who had tirelessly advocated for the inclusion of women in the legal profession. Lockwood's admission to the Supreme Court bar on March 3, 1879, barely two weeks after the law's enactment, underscored the immediate impact of the legislation. Her journey to this historic achievement was fraught with challenges, as she had previously been denied the opportunity to present before the Supreme Court solely on the basis of her gender. Lockwood's perseverance and her eventual triumph served as a beacon of inspiration for countless women aspiring to legal careers.The legislation's passage and Lockwood's subsequent admission into the Supreme Court bar did more than just allow women to practice law at the highest court in the land; it challenged the prevailing norms and attitudes towards women's roles in both the legal profession and society at large. This pivotal event in legal history not only broadened the horizons for women within the legal field but also contributed to the gradual shifting of societal perceptions regarding women's capabilities and rights. The courage and determination of those who fought for this change laid the groundwork for future generations of women lawyers, who would continue to break barriers and shape the legal landscape.While the legislative victory in 1879 marked a monumental step forward for women in the legal profession, the fight for gender equality within the field is far from over. Despite significant progress, disparities persist in representation, advancement, and pay. For instance, a report by the American Bar Association in 2021 highlighted that although women make up approximately 50% of law school graduates, they represent only about 23% of partners in law firms across the United States. This statistic underscores the ongoing challenges women face in achieving equal standing and opportunities within the legal profession. The journey that began with pioneers like Belva Lockwood continues today, as efforts to dismantle systemic barriers and foster a more inclusive legal landscape carry on. The strides made thus far serve as both a testament to the progress achieved and a reminder of the work that remains to be done.The U.S. House of Representatives recently faced a setback in efforts to adjust the state-and-local tax (SALT) deduction cap, particularly impacting states like New York and California. A proposal by Representative Mike Lawler (R-N.Y.) to increase the SALT cap to $20,000 for married couples filing jointly was defeated in a test vote, highlighting the ongoing political struggle over this issue. The SALT cap, introduced in the GOP's 2017 tax law, limits deductions to $10,000, affecting taxpayers in high-tax states—predominantly Democratic, or "blue," states—more severely than those in lower-tax, or "red," states. This measure has been contentious, with Democrats and some Republicans from high-tax states pushing for an increase, arguing that the cap disproportionately burdens their constituents. Despite the bill's failure, New York Republicans vow to continue their efforts to amend the SALT cap, signaling an ongoing debate over tax policy that intersects with partisan and state interests.SALT Cap Bill Fails Test Vote in House in Blow to N.Y. GOP (1)SpaceX is in the process of relocating its business incorporation from Delaware to Texas, as indicated by a recent filing with the Texas Secretary of State. This move by Elon Musk follows a similar trend among his companies, particularly after a Delaware judge nullified Musk's $56 billion pay package at Tesla Inc. earlier in the year. Musk, advocating for the shift, has publicly encouraged other companies to consider leaving Delaware for states like Texas, which he views as more favorable. Notably, SpaceX already has significant operations in Texas, including a testing facility, a satellite manufacturing plant, and a rocket production site, reinforcing the state's appeal to Musk and his ventures. The relocation of SpaceX's incorporation to Texas is seen as a major win for the state, aligning with its strategy to attract businesses with low taxes and minimal regulation. This decision also reflects Musk's broader strategy of moving his companies away from Delaware, following legal challenges there, including the high-profile attempt to purchase Twitter Inc., which he later renamed X and moved to Nevada.SpaceX Seeks to Move Incorporation to Texas From Delaware (1)Over 70% of federal judges have enrolled in a U.S. Marshals Service program that supplies electronic security systems for their homes, responding to a significant rise in threats against the judiciary. Ron Davis, the director of the U.S. Marshals Service, highlighted the urgency of these threats during a Judiciary Committee hearing, emphasizing the risk they pose to democracy. This increase in threats, notably spiking to 457 in fiscal year 2023 from 224 in fiscal 2021, coincides with the contentious period following the 2020 presidential election and involves serious incidents, including attempts against judges and Supreme Court justices. The security program, in place since 2005, has faced criticism for offering outdated equipment, prompting efforts to modernize and enhance the protection offered to judges amidst growing concerns for their safety.Most federal judges opt into US Marshals' home security program | ReutersSpecial Counsel Jack Smith has urged the U.S. Supreme Court to dismiss Donald Trump's request to delay his trial over charges related to efforts to overturn the 2020 election loss, emphasizing the public interest in proceeding to trial promptly, especially given the defendant's former presidential status. The appeal follows a decision by a D.C. Circuit panel that rejected Trump's claim to presidential immunity from prosecution, with Smith advocating for a swift resolution or a fast-tracked hearing by the Supreme Court. Trump's legal team seeks to halt trial proceedings while pursuing further appeals, a move Smith argues would unnecessarily delay the trial. The case touches on profound allegations of Trump attempting to subvert the electoral process and undermine democratic transition, amidst broader claims of immunity extending beyond his presidency.Special counsel urges US Supreme Court to rebuff Trump in immunity fight | ReutersThe U.S. Internal Revenue Service (IRS) has initiated legal action against the Federal Deposit Insurance Corporation (FDIC) over a significant tax debt amounting to approximately $1.45 billion, attributed to the defunct Silicon Valley Bank (SVB). The lawsuit demands a judicial review to decide the extent of the FDIC's obligation to settle the tax debt, following the FDIC's assumption of control over SVB's assets in March 2023 and its subsequent rejection of the IRS's tax claim. The dispute centers on the IRS's estimation of taxes due from SVB for the period between 2020 and 2023, a figure that is under reassessment due to some previously accounted employment taxes having been paid. This legal battle unfolds against the backdrop of SVB's collapse in March 2023, marking one of the largest bank failures in U.S. history, which had profound impacts on the regional banking sector and tech startups reliant on SVB's financial services.IRS sues FDIC over Silicon Valley Bank's $1.4 billion tax debt | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Highlights from this week's conversation include:David's background and journey to founding Top Tier (1:38)Confidence in Fund to Fund Strategy (6:35)Technology Consumption and Venture Capital (11:53)Insight into the Secondary Market (15:22)Private Equity Secondary Space (17:23)Investing in Emerging Managers (22:33)Seed Investing and Portfolio Construction (25:42)Understanding Underlying Portfolios (29:18)Generalist vs. Specialist Strategies (31:11)The technology stack reinvention (00:34:41)Venture capital and exciting changes (35:42)Insider Segment: SVB's commitment and offerings (40:29)Advice for emerging managers (41:19)Venture capital allocation and duration (45:06)Minority-based managers and diversity (47:28)Connecting with Top Tier (52:29)Top Tier Capital Partners is a venture capital specialist managing niche-focused funds of funds, secondaries, and co-investment strategies. We make primary and secondary investments in venture capital funds and co-invest in select portfolio companies. Our team creates diverse portfolios that are built to spot emerging trends early and to deliver optimal venture returns. Learn more at ttcp.com.Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.comSwimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week's conversation include:Sam's journey into VC (1:33)Underwriting for financials and human beings (4:04)Value add and vision for the firm (7:54)Opportunity in non-trendy categories (12:09)Lessons from Climate 10 (13:17)Insider segment: State of markets for the innovation economy (15:39)Venture Ecosystem Model (19:23)Underwriting and Conviction Building (21:54)Advice for Allocators (24:09)LP's Management Process (26:43)Predictions for the Venture Asset Class (29:31)US Managers and International Markets (32:47)Final thoughts and takeaways (33:39)Sam Sadowsky is a Partner at Twelve Hundred, an early-stage investment platform investing in fund managers and founders building companies shaping the future of humanity. The long-term vision of Twelve Hundred is to be a systemic value creator by becoming a leader at partnering from the Seed stage towards regional, global and planetary impact.Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.comSwimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only.

Highlights from this week's conversation include:Illumen Capital's Approach (0:48)Research on Biases in Investment Process (1:23)Influence of Historical Figures (3:37)Previous Experiences Shaping Approach (5:39)Illumen Capital's Strategy (7:19)Challenges and Recommendations for Managers (10:07)Personal Stories and Motivations (14:02)Criteria for New Managers (16:36)Learning from Fund One to Fund Two (20:27)Bias reduction and systemic inequality in investing (21:01)Challenges and opportunities for overlooked asset managers (25:49)Insider segment: Future of venture and market trends (29:06)Venture landscape and impact of interest rates (37:13)The systemic inequality in investing (42:47)Final thoughts and takeaways (44:58)Illumen Capital is a Black-owned and led manager dedicated to achieving racial and gender equity across investing. Illumen Capital invests in venture, growth, and private equity funds, and then works closely with fund managers to install a set of strategies and tools designed to reduce racial and gender bias in the hiring, investment, and company support processes. This research-informed bias reduction program – supported by a strategic relationship with Stanford SPARQ - empowers fund managers to expand their investable landscape and better support entrepreneurs who have historically been overlooked and underestimated.Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world's most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB's parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.comSwimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.The information provided on this podcast does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this podcast are for general informational purposes only. 

In the past month, there have been several developments in the case of Sam Bankman-Fried (SBF), the former CEO of cryptocurrency exchange FTX. After stepping down from his role at FTX in November 2022 amid liquidity issues, Bankman-Fried was extradited from the Bahamas and faced charges in the United States related to fraud. He was convicted on seven criminal counts, including wire fraud, wire fraud conspiracy, securities fraud, commodities fraud conspiracy, and money laundering conspiracy, following a trial in October 2023. He is expected to return to court for sentencing on March 28, 2024​​.Prosecutors have decided not to proceed with a second trial against Bankman-Fried. The decision was based on the reasoning that much of the evidence for the additional charges had already been considered in his first trial, which led to a guilty verdict after just four hours of jury deliberation. The second trial would have included charges related to conspiracy to commit bank fraud and bribe foreign officials. However, proceeding with this trial would have delayed the scheduled March 2024 sentencing and required additional negotiations with The Bahamas regarding terms of extradition. The prosecutors cited "strong public interest in a prompt resolution" as a reason for not pursuing the second trial​​​​.Interestingly, Bankman-Fried recently retained new counsel ahead of his sentencing hearing. This move follows reports of his legal team being displeased with his performance on the stand during the trial. It's unclear why he made this change, but it suggests a strategic shift in his legal approach​​.Additionally, there has been controversy surrounding Bankman-Fried's political contributions, particularly a substantial donation to Joe Biden's 2020 presidential campaign. The issue raises questions about the alleged misuse of funds and the influence such contributions may have on the political landscape. There's also been scrutiny over connections between Bankman-Fried and New Jersey congressmen who accepted campaign contributions from him, with implications on their role in the collapse of Silicon Valley Bank (SVB) and regulatory matters concerning financial institutions​​.The situation continues to evolve, with the legal and financial ramifications of Bankman-Fried's actions still unfolding.

Silicon Valley Bank (SVB) has been an important financial resource for startup companies and is now backed by the 125-year-old First Citizens Bank. Dr. Pooja Majmudar, SVB's Director of Startup Banking, explains her non-linear career path, how she works with startup companies at SVB, and the kinds of services SVB can provide to startups. She also describes the ecosystem of collaborators and strategic partners that SVB has built for entrepreneurs. Episode hosted by Dr. Elaine Hamm. This episode was recorded at Bio on the Bayou, the annual event in New Orleans showcasing academic science, biotech, and startups from the entire Gulf South region.

In this episode, James Vanreusel joins Marshall Hawks, who leads the Northern California technology relationship management team at SV, in a discussion that revolves around the role of venture debt providers, particularly Silicon Valley Bank (SVB), in supporting companies at various stages of their life cycle. Marshall Hawks from SVB shares insights on their approach to lending, emphasizing that at early stages, they often align with equity funding. As companies progress and achieve milestones, the focus shifts to financial analysis based on specific metrics and trends. Marshall highlights a case involving Planet Labs, where SVB provided capital based on the company's potential for a positive outcome, including a successful SPAC process.The conversation then transitions to incorporating artificial intelligence (AI) in banking operations. Marshall acknowledges the significance of AI but notes the challenges faced by regulated financial firms, such as SVB, in leveraging AI due to regulatory considerations. He shares that while AI is a prevalent topic, its implementation within SVB is constrained by the need to navigate legal landscapes and potential data security issues. Marshall provides a concrete example of AI usage in marketing, where AI-generated graphics and design were employed in a campaign.And more. Listen now.Learn more about our guest:Marshall Hawks | SVB websiteReady To Scale?But not ready to invest in a CFO? One of our bespoke packages can help you.Free Starter MembershipNon-Profit Enterprise PackageFor-Profit Enterprise PackageConnect with us because we love new friends!LinkedIn | Twitter |YouTube |WebsiteReady To Scale? But not ready to invest in a CFO? One of our bespoke packages can help you. Free Starter Membership Non-Profit Enterprise Package For-Profit Enterprise Package Connect with us because we love new friends!LinkedIn | Twitter |YouTube |Website

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Capstack https://www.capstack.com/Michal Cieplinski   / michalcieplinski   is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School.

It's a question rooted in surprise headlines that has now become one of 2023's favorite conversation starters for finance executives inside the tech realm: “Where were you when you heard the news about Silicon Valley Bank [SVB]?” For Tipalti CFO Sarah Spoja, the query instantly summons memories of being seated between two of Tipalti's financing partners: JP Morgan and Hercules Capital, Inc. Or perhaps we should say two of its "future" financing partners. Spoja, along with Tipalti's attorneys, had gathered in a conference room with prospective partners to finalize the terms of a deal designed to secure a $150 million debt-raise for the growing business. Looking back, Spoja tells us that the date of the gathering will forever be etched in her mind: Thursday, March 9, 2023. Within the next 24 hours, Silicon Valley Bank would be closed by the California Department of Financial Protection & Innovation, and the Federal Deposit Insurance Corporation (FDIC) would be named its “receiver.” The public would receive no advance notice of the bank's closing. Still, the escalating challenges at SBV were no secret, and as Spoja met that Thursday in March with Tipalti's prospective investors, SVB (which had been solvent only 24 hours earlier) would be broke within hours as depositors rushed to withdraw their funds. Thus, the terms of Tipalti's debt-raise were not the only business that Spoja was seeking to finalize as she took a seat at the table. Besides securing the $150 million in debt, Spoja and her treasurer were simultaneously tracking the removal of Tipalti funds from SVB in real time. “For finance people, the thought was ‘Okay, I need to protect my company, so I need to do X, Y and Z before wire transfers are cut off,'" she recalls. "But at the same time, in the backs of our heads, we were all thinking, 'I really hope that this isn't going where it looks like it's going.'” Meanwhile, the terms finalized on Thursday, March 9, ultimately sealed a $150 million debt deal that would be announced by Tipalti in early that May. Why hadn't either of the prospective financing partners experienced cold feet in light of the escalating developments at SVB? Spoja tells us that “tougher diligence conversations” had already taken place to help to placate concerns about a changing economic climate. What's more, she says, a “mutual trust” had been established that had allowed the deal to not to get stalled.    Still, you can't help but hear the winds that were howling outside the doors of Tipalti's March 9 meeting. Says Spoja: “It was a moment that a finance professional would always remember, particularly if they were in tech—because we all generally have a story.” There's little doubt, though, that Spoja's story is better than most. –Jack Sweeney

It's been a pretty wild spring in 2023.  Since March of this year, we've seen Silicon Valley Bank (SVB) collapse, Signature Bank shut down, Credit Suisse get acquired by UBS, and --- most recently --- First Republic get acquired by JPMorgan. But the turmoil in the banking sector is likely not over just yet. In this episode, we explore the economic circumstances driving current events and explain the underlying mechanics behind the headlines.  Follow us on Instagram and Tik Tok at @thewallstreetskinnyhttps://www.instagram.com/thewallstreetskinny/

There's been a lot of interest in the topic of bank runs lately, and in today's episode, we take a look at the most relevant research to help us better understand why they happen and how they can be avoided. Our conversation unpacks the 2022 Nobel prize-winning work of Douglas Diamond and Philip Dybvig and examines the three primary risks that banks need to navigate to avoid a bank run related crisis. We discuss the immense value that banks provide and how they keep the economy moving, before reflecting on how their most valuable services are inexorably tied to the risk of bank runs. You'll also learn about the role of the media in triggering a bank run, and how the problems that arise with bank runs can be addressed through a combination of deposit insurance, bank regulation, and a diverse customer base — all of which are designed to keep depositors from panicking simultaneously. We also revisit a past conversation with Jonathan Clements, before catching up with him in real time to discuss his new book My Money Journey: How 30 People Found Financial Freedom - and You Can Too. Tune in for an in-depth look at bank runs, the value of writing your money story, and a timely reminder that when you're making a deposit, you're actually lending money to the bank.   Key Points From This Episode:   •    An introduction to the topic of bank runs including an overview of the Nobel prize-winning work done on the subject in 2022. (0:02:12) •    The three primary risks you need to manage as a bank in order to be a successful business. (0:07:28) •    Why liquidity, illiquidity, and duration risk can pose a problem, even for healthy banks. (0:12:47) •    How news stories can create unwarranted panic and cause a bank run, even if a bank isn't experiencing problems. (0:16:02) •    The multiple equilibria of banks as outlined in the Diamond and Dybvig paper. (0:16:31) •    How deposit insurance can function as a solution, at least in part, to bank runs. (0:19:34) •    What the Diamond and Dybvig paper teaches us about the Silicon Valley Bank (SVB) bank run. (0:21:35) •    The difference between households and banks, and the lessons households can learn from the narrative around bank runs. (0:22:59) •    A quick recap of our conversation with Jonathan Clements and a review of his new book My Money Journey: How 30 People Found Financial Freedom - and You Can Too. (0:27:16) •    We welcome Jonathan Clements back onto the show to discuss his new book and why he wrote it. (0:32:00) •    What readers can expect to learn from Jonathan's book, like the impact parents have on your financial beliefs, and what inspires people to reassess their finances. (0:34:31) •    The impact of early habits on our finances. (0:38:36) •    Jonathan's insights into the financial service industry, its complexity, and how our risk tolerance can shift over time. (0:40:19) •    Why regret in financial decision-making is virtually unavoidable and the value of writing your money story. (0:44:22) •    Past and upcoming meetups, feedback from our listeners, and a reminder of our 23 in 23 Reading Challenge. (0:47:42)       Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-247-bank-runs-plus-jonathan-clements-on-my-money-journey-episode-discussion/22878   Book From Today's Episode: My Money Journey: How 30 people found financial freedom - and you can too — https://amzn.to/439D5Hw   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.  Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Jonathan Clements on Twitter — https://twitter.com/clementsmoney Jonathan Clements on LinkedIn —https://www.linkedin.com/in/jonathanclements Jonathan Clements on Facebook — https://www.facebook.com/ClementsMoney Jonathan Clements — http://HumbleDollar.com Episode 55: Jonathan Clements — https://rationalreminder.ca/podcast/55 'Bank Runs, Deposit Insurance, and Liquidity' — https://www.journals.uchicago.edu/doi/10.1086/261155 'Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking' — https://www.jstor.org/stable/10.1086/319552 'Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or . . .)' — https://www.jstor.org/stable/43910017 'Long-Horizon Losses in Stocks, Bonds, and Bills: Evidence from a Broad Sample of Developed Markets' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3964908  

Last week, Silicon Valley Bank (SVB) rapidly collapsed—going from normal operations to insolvency in a matter of days. SVB was the 16th largest bank in the United States, with about $209B in assets. The failure represents the 2nd largest bank collapse in U.S. history. As of Sunday, March 12th, a second bank, Signature Bank, was seized by regulators for fears of insolvency. As of this writing, the government has stepped in with emergency measures intended to stop a full-blown financial crisis from occurring, but this story is still developing. In this article, I will explain what has happened so far and what you should be keeping an eye out for in the coming weeks.  Learn more about your ad choices. Visit megaphone.fm/adchoices

The recent collapse of Silicon Valley Bank (SVB) and Signature Bank (SB) in March 2023 has sent shockwaves through the financial industry, leading many to speculate on the potential consequences for the deal market. Some experts predict a significant slowdown in deal flow as a direct result of these banking failures, due to increased caution from both investors and startups. It is important to have an understanding of how these failures impact deals, and recognize how deals can both cause and solve problems during times of crisis. THE TWO SIDES OF WHEN A BANK FAILS When a bank fails, it can be a bad deal for investors, but it is the nature of risk capital. Many opportunities, however, can be found during times of crisis, as demonstrated by JP Morgan Chase's acquisition of Washington Mutual during the 2008 financial crisis. With these well-established banks no longer serving as reliable partners for financing and facilitating transactions, there may be a hesitation among other banks and financial institutions to fill the void, further contributing to the anticipated slowdown. On the other hand, there are those who view these bank failures as an opportunity to seize lucrative deals in a challenging market environment. For financial institutions and investors with a higher risk tolerance, the absence of SVB and SB could provide a chance to step in and capitalize on the uncertainty. Moreover, this may lead to an increase in M&A activity, as distressed companies seek financial stability through partnerships or acquisitions. THE IMPACT OF BANK FAILURE CRISES As with any crisis, it's important for a dealmaker to approach the recent bank failures with a sense of reserved optimism. Because of the dependency on banks, many sectors in business can be – and are – impacted by bank failures. One area that may be affected is bank deals, which have already slowed down due to various economic concerns. The impact, however, may not be limited to the banking sector alone, as uncertainty and risk may cause deals to slow down across various industries. The most significant impact may be on mindset and how dealmakers approach this situation. While some may react with fear and negativity, others may seek opportunities and take calculated risks. Regardless of where one falls on the spectrum, it is important to keep one's eyes open for deal opportunities and avoid burying one's head in the sand. • • Corey Kupfer is an expert strategist, negotiator, and dealmaker. He has more than 35 years of professional deal-making and negotiating experience. Corey is a successful entrepreneur, attorney, consultant, author, and professional speaker. He is deeply passionate about deal-driven growth. He is also the creator and host of the DealQuest Podcast. If you want to find out how deal-ready you are, take the Deal-Ready Assessment today!

This is Garrison Hardie with your CrossPolitic Daily News Brief for Tuesday, March 28th, 2023. We start today with the heartbreaking situation that unfolded in Nashville TN, Three children and three staff members were gunned down at a private Christian school in Nashville on Monday before the shooter, a heavily armed 28-year-old woman, was killed by police, authorities said. The shooting unfolded at The Covenant School on Burton Hills Boulevard where officers "engaged" the attacker, described by Metropolitan Nashville Police Chief John Drake as a woman who appears to be a former student at the school. Nashville School Shooting: Police chief provides update- Play 0:05-2:42 https://www.nbcnews.com/news/us-news/school-shooting-tennessee-leaves-multiple-injured-shooter-dead-officia-rcna76841 Shooting at Nashville Christian school leaves at least 3 children and 3 adults dead, officials say The shooter was identified as Audrey Hale, a Nashville resident, three law enforcement officials briefed on the matter told NBC News. The shooter was killed on the school's second floor, a police spokesperson said. She had two "assault-type rifles and a handgun," according to the official. Students of the school, which serves preschool students through sixth graders, were being bused to Woodmont Baptist Church, two miles away, to be reunited with their parents. Police said they first got calls about the shooter at 10:13 a.m. CT and Nashville firefighters first reported their personnel were responding to an “active aggressor” at 10:39 a.m. CT. "The police department response was swift," police spokesperson Don Aaron told reporters. Five police officers came upon the shooter and two opened fire on her, Aaron said. The shooter entered the school through a "side entrance" on the first floor, he added. It was not clear how the shooter gained access to the school. One officer was hurt by shattered glass, officials said. The names and ages of the victims have not been released. The chief said the families of all six victims had been notified. Please lift that school, and those affected families in your prayers. https://www.washingtonexaminer.com/policy/education/republicans-introduce-resolution-scrap-student-forgiveness Republicans announce resolution to scrap Biden student loan forgiveness plan Rep. Bob Good (R-VA) and Sen. Bill Cassidy (R-LA) announced legislation Monday to scrap President Joe Biden's student loan forgiveness program. Under the resolution, Congress will express disapproval of the student loan cancellation plan to overturn the program, which is stuck in limbo amid a court battle. The resolution will need a simple majority to clear the Senate and is expected to draw a veto from Biden. On the Senate side, Sens. John Cornyn (R-TX) and Joni Ernst (R-IA) are backing the Congressional Review Act resolution alongside Cassidy, the ranking member of the Senate Health, Education, Labor, and Pensions Committee. Biden unveiled the student loan forgiveness plan last August to much fanfare from progressives. Under the initiative, borrowers with an annual income of $125,000 or less can have up to $10,000 in federal student loans canceled, while those who received Pell Grants during their schooling can have up to $20,000 wiped out. The program stems from the 2003 HEROES Act, which grants the executive power to relieve student loan debt in times of national emergency or war. Critics have pointed out that Biden deemed the COVID-19 pandemic was "over" in a 60 Minutes interview last year. The pandemic was used as justification for using the HEROES Act. Last November, a lower court in Texas halted the program amid pending legal challenges. The Supreme Court is expected to rule on the program's legality by June or July. The White House says it has amassed roughly 26 million applications and approved 16 million for relief, but cancellation has not yet taken place amid the legal wrangling. Biden used his veto power for the first time last week to reject a resolution that would've nixed a Labor Department rule permitting retirement plans to take into account environmental, social, and governance considerations in investment decisions. https://www.foxbusiness.com/markets/fdic-first-citizens-bank-reached-deal-purchase-silicon-valley-bank FDIC says First Citizens Bank has reached deal to purchase Silicon Valley Bank The Silicon Valley Bank finally has a buyer. On Sunday, the Federal Deposit Insurance Corporation (FDIC) announced First-Citizens Bank & Trust Company of Raleigh, North Carolina entered a purchase agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association. "The 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First–Citizens Bank & Trust Company on Monday, March 27, 2023," the FDIC said in a statement. "Customers of Silicon Valley Bridge Bank, National Association, should continue to use their current branch until they receive notice from First–Citizens Bank & Trust Company that systems conversions have been completed to allow full–service banking at all of its other branch locations," the statement continued. Depositors of the Santa Clara, California-located bank will automatically become depositors of First–Citizens Bank & Trust Company, according to the statement, and all deposits will be assumed and insured by First–Citizens Bank & Trust Company, up to the insurance limit. The FDIC said: "As of March 10, 2023, Silicon Valley Bridge Bank, National Association, had approximately $167 billion in total assets and about $119 billion in total deposits. Today's transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association's assets at a discount of $16.5 billion." In addition, approximately $90 billion in securities and other assets will remain in the receivership for disposition by the FDIC. According to the statement, the FDIC and First–Citizens Bank & Trust Company entered into a "loss–share transaction" on all commercial loans it purchased from Silicon Valley Bank (SVB). The FDIC estimated SVB's failure cost approximately $20 billion, although a cost will be more accurately determined when the FDIC terminates the receivership, it said. The FDIC created Silicon Valley Bridge Bank after the California Department of Financial Protection & Innovation closed Silicon Valley Bank on Friday, March 10. All of the deposits—both insured and uninsured—were transferred to the bridge bank. Alps Precious Metals Group THE PAST WEEK HAS BROUGHT SOME “EXCITEMENT” TO THE MARKETS. BANK RUNS. STOCK COLLAPSES. WHAT WAS THOUGHT TO BE STABLE SUDDENLY APPEARS UNSTABLE. AND YET, GOLD’S PRICE *WENT UP* AS THE HEADLINES BECAME MORE OMINOUS. ALPS PRECIOUS METALS WAS ESTABLISHED BECAUSE WE BELIEVE THE BEST WAY TO PROTECT ONE’S HARD-EARNED WEALTH FROM THE SERIOUS FINANCIAL PROBLEMS THAT ARE UPON US IS BY OWNING PHYSICAL GOLD AND SILVER. CALL JAMES HUNTER OF ALPS AT 251-377-2197, AND VISIT OUR WEBSITE AT WWW.ALPSPMG.COM TO DISCOVER HOW YOU CAN BUY PHYSICAL PRECIOUS METALS FOR YOUR INVESTMENT AND IRA PORTFOLIOS. OWN THE ASSET GOD SPECIFICALLY MENTIONED AS “GOOD” IN THE 2ND CHAPTER OF GENESIS, AND OBTAIN A PEACE OF MIND THAT CAN BE HAD WITH FEW OTHER INVESTMENTS. AGAIN, CALL JAMES HUNTER OF ALPS PRECIOUS METALS AT 251-377-2197, AND VISIT WWW.ALPSPMG.COM TO LEARN HOW TO OWN THE BEDROCK ASSET OF THE AGES.  https://thepostmillennial.com/portland-area-school-administrator-arrested-in-sex-sting?utm_campaign=64487 Progressive Portland area school administrator arrested in human sex trafficking sting Eight men, including a Portland-area high school administrator, were arrested and charged in relation to their alleged participation in a sex trafficking sting conducted by local law enforcement. As announced by the city of Lake Oswego's police department, they "conducted a human sex trafficking mission with the assistance of the Clackamas County Sheriff's Office, Oregon City Police, Milwaukie Police, and Sandy Police," on Thursday, March 23, 2023. "During the operation, decoys (law enforcement officers) were contacted by men who offered to pay money in exchange for the decoys to perform requested sexual acts," the department stated, going on to describe how the eight suspects allegedly agreed to meet with the supposed trafficking victims, and were subsequently "arrested and charged with the relevant crimes." Suspects Stephen R. Berry, Maximilien Aquitaine, Austin L. Olson, Vincent S. Namauleg, German D. Pascual, Jake R. Walt, and Erik J. Bjorman were all cited and released for Commercial Sexual Solicitation, officials said. However, according to the Lake Oswego Police Department, the assistant principal of Centennial High School in Gresham, Oregon was hit with additional charges. "Terrance A. Schloth (1/11/71) of Gresham, OR initially gave a false name and refused to identify himself," police stated. "As a result, he was lodged at the Clackamas County Jail in order to get a positive identification. He was charged for Commercial Sexual Solicitation (ORS 167.008) and the additional charge of Giving False Information to a Peace Officer in Connection with a Citation (ORS 162.385)." According to 52-year-old Schloth's LinkedIn page, he had been working in education for over 27 years, going from a Reynolds High School physical education teacher, to educational leader, to dean of students, and eventually serving as the assistant principal in 2014 before moving to the Centennial School District. Schloth was a progressive. His LinkedIn boasts of anti-bullying and restorative justice initiatives. According to his school profile, two of the accused administrator's children attend Centennial as well. The school district placed Schloth on administrative leave following his arrest, Conan Daily reported.

Billionaire investor Tim Draper says that Bitcoin (BTC) could be a tool for businesses to hedge against any potential banking crisis. In a new memo directed at startup founders, Draper says the recent collapse of Silicon Valley Bank (SVB), plus the “over-regulation” of banks by the government means business founders should consider a more diversified strategy of cash management such as the king crypto (BTC). Learn more about your ad choices. Visit megaphone.fm/adchoices

You've heard the news... A few weeks ago, Silicon Valley Bank (SVB) bit the dust -- making it the biggest US bank failure since the 2008 financial crisis. Obviously, this has got investors and entrepreneurs around the country in complete panic. If you are one of them, listen to this episode to find out the 5 ways to boost your performance and become more resilient to stress so that you can embrace the chaos to crush your goals. Listen now! 

What do you do, when the one place you'd expect your monies to be safe actually isn't? Well, for customers and clients of Silicon Valley Bank, Signature Bank, and Silvergate Capital, their recent failing has brought that age old question back to the light.Silicon Valley Bank (SVB) was actually under Federal review for more than a year with notices that certain practices needed to be modified and actions taken to avoid such a risk. Unfortunately, those requests fell on deaf ears or at least those who weren't quick enough to take action. As a result, one of the worst case scenarios took place and had many in uproar and panic. We're taking a deep dive into these three recent bank failures and exactly what happened.On A Side Note, Be on the lookout for our latest products to hit The Lauren Paige Collection Late March:www.WaterSalts.comwww.BetterBuddahs.com Welcome to Season Five Episode Five of Authentic Filters! If you enjoyed what you watched and/or listened to and want to keep the conversation going, be sure to like, subscribe, and share with your family and friends on Apple Podcast, Youtube or wherever you listen! We want to thank you for taking the journey with us thus far…Let's Get Into It

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

[00:30] U.S. Government Nationalizes the Banking System (38 minutes) Treasury Secretary Janet Yellen admitted this week that although the federal government will bail out big banks if they go under, small community banks will not receive the same treatment. With the Silicon Valley Bank (SVB) bailout, the FDIC removed the risk factor from investment by paying back all SVB depositors, signaling to other big banks that the government will bail them out if they make risky financial decisions. This dramatic alteration to globally accepted financial policy has changed American capitalism and made banks and financial regulators around the world very nervous. [38:45] Mr. Armstrong's Greatest Personal Prophecy (10 minutes) Herbert W. Armstrong prophesied that economic collapse in the U.S. would trigger a coming global crisis. [50:30] Viewer Feedback (5 minutes)

Air Date 3/14/2023 Today, we take a look at the rise of "woke capitalism" as the cudgel now being wielded against any corporations who dare to seek profits by appealing to the majority of potential customers who prefer progressive social positions to that of Republicans. Be part of the show! Leave us a message or text at 202-999-3991 or email Jay@BestOfTheLeft.com  Transcript BestOfTheLeft.com/Support (Get AD FREE Shows and Bonus Content) Join our Discord community! OUR AFFILIATE LINKS: https://BOMBAS.COM/BEST BUY ONE/GIVE ONE TO SOMEONE IN NEED SHOW NOTES Ch. 1: Dissecting the War on Woke | Part One - Shanspeare - Air Date - Air Date 1-13-23 Republicans are at war with Woke Ch. 2: CRT, ESG: Don't fall for the Right's pretend 'Culture Wars' - The Bradcast - Air Date 3-2-23 We debunk Republicans' new fake culture war outrage attacking a mundane, decades-old investment framework known as ESG in which corporations and investment managers consider factors like the environment when making business decisions. Ch. 3: Who Is Afraid of Woke Capitalism? - After Hours - Air Date 11-2-22 Mihir, Felix and NYU's Dolly Chugh discuss the pressure on business leaders to conform to the demands of woke capitalism. Should you give in? Push back? What are the risks and rewards? Ch. 4: Why Are Republicans Obsessed With “Woke” Corporations? | The Class Room With Olúfẹ́mi O. Táíwò - More Perfect Union - Air Date 7-7-22 In the last few years, Republicans have been increasingly concerned about a “woke” corporate agenda, but they're missing the real problem. It's not that corporations and establishment politicians care too much about racial or gender justice. Ch. 5: Republicans Encouraged SVB Failure - Blame it on 'WOKENESS!' - The Dollemore Daily - Air Date 3-13-22 Jesse talks about the pathetic Republican response to the entirely predictable failure of Silicon Valley Bank (SVB). James Comer substituted leadership and policy acumen for the expected deflection and blamed the bank's collapse on being WOKE Ch. 6: Republicans Loved Corporations…Until They Got ‘Woke' | The Couch Report - Vice News - Air Date 5-10-21 Greg Walters explains the current conflict between the Republican Party and corporate America. MEMBERS-ONLY BONUS CLIP(S) Ch. 7: BlackRock: The Devil's Banker. Do as I say, not as I do. - Unf*cking The Republic - Air Date 9-17-22 BlackRock is at the center of a storm in conservative media for pushing companies too hard toward sustainability. That he's too woke. Liberals think he's behind the housing crisis. Conspiracy theorists believe he's in the pocket of the Chinese government. FINAL COMMENTS Ch. 8: Final comments on how the left really brought about woke capitalism MUSIC (Blue Dot Sessions): Opening Theme: Loving Acoustic Instrumental by John Douglas Orr  Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent Activism Music: This Fickle World by Theo Bard (https://theobard.bandcamp.com/track/this-fickle-world) Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent   Produced by Jay! Tomlinson Visit us at BestOfTheLeft.com Listen Anywhere! BestOfTheLeft.com/Listen Listen Anywhere! Follow at Twitter.com/BestOfTheLeft Like at Facebook.com/BestOfTheLeft Contact me directly at Jay@BestOfTheLeft.com

The market is punishing the entire banking sector following the collapse of Silicon Valley Bank (SVB) and Signature Bank (SNBY). I start today's show by explaining why SVB failed—and why the government bailed it out.   I also highlight how the situation has f***ed over the Federal Reserve… and whether a 50-basis-point rate hike is still on the table at next week's Fed meeting.    The bottom line: The market is in for a lot more pain. That's why I keep pounding the table on why Moneyflow Trader is a “must-have” service to protect yourself in this market. I want everyone to have access to this incredible strategy—which is why I've discounted Moneyflow Trader by 90%.   And make sure to join us for tomorrow's WSU Premium, where Daniel and I will break down the market chaos in more detail—and share one stock that's being unfairly punished amid the banking crisis.   In this episode  Why Silicon Valley Bank failed [1:20] The Fed is f***ed [9:05] Why the government bailed out SVB [12:38] How to protect yourself in this dangerous market [26:10] Don't miss tomorrow's WSU Premium episode [34:50]   Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/   Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/   Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

This is Garrison Hardie with your CrossPolitic Daily News Brief for Tuesday, March 14th, 2023. I hope you all had a fantastic weekend with you and yours! Hi Contrast Hymn Books If you don’t teach your kids the Lord’s songs, the world will teach them its songs. The brand-new Hi-Contrast Hymn Book is designed to help you teach your children the most beloved songs of the Christian faith. Its captivating illustrations will create special moments of truth, goodness, and beauty in your home every day. To get a copy for your family, go to www.hicontrasthymnbooks.com/FLF. That’s www. “H” “I” contrasthymnbooks.com/FLF. https://www.foxnews.com/politics/biden-americans-confidence-banking-system-federal-response-svb-collapse Biden says Americans should 'feel confident' in banking system after federal response to SVB collapse President Biden says Americans should "feel confident" in their banking system after his administration's response to the collapse of Silicon Valley Bank (SVB) and Signature Bank last week. Biden reiterated a statement from the FDIC and Treasury Department during public remarks Monday morning, telling reporters that the federal government would guarantee depositors at the banks access to their funds. He added that no such protection is being offered to the banks' investors, however. His administration has also fired the leadership at both banks. "No losses will be borne by the taxpayers," Biden emphasized. "Instead, the money will come from the fees that banks pay into the deposit insurance fund. Because of the actions that our regulators have already taken, every American should feel confident that their deposits will be there if and when they need them." Biden went on to call on Congress to pass legislation to "strengthen rules" on banks to prevent failures like SVB and Signature.The Santa Clara, California-based band collapsed last week and is now under the control of federal regulators. The SVB had been the 16th-largest bank in the U.S. prior to the bank run that led to its downfall. Anxious depositors rushed to withdraw their money over concern for the bank’s health, causing its collapse, which may serve as "an extinction-level event for startups," according to Y Combinator CEO Garry Tan. The Biden administration had earlier assured SVB depositors that they would have access to all of their funds on Sunday. The joint statement from the Treasury Department, Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) also emphasized that the action would come at no cost to US taxpayers. "Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system," the joint statement said. "This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth." Biden delivered his Monday remarks in a short briefing before traveling to California, where he is set to announce the sale of nuclear submarines to Australia. https://dailycaller.com/2023/03/13/biden-desantis-florida-transgender-kids-sinful-national-law/ ‘Close To Sinful’: Biden Floats Possibility Of Nation-Wide Transgender Law President Joe Biden appeared to criticize Ron DeSantis on his handling of transgender youth and floated the possibility of a nation-wide transgender law in an interview clip released Monday. “What’s going on in Florida, is as my mother would say, ‘close to sinful.’ I mean, it’s just terrible what they’re doing,” Biden said while speaking with actor Kal Penn. Kal Penn previews interview with Biden, discusses guest-hosting "The Daily Show"-Play 2:12-2:56 DeSantis has led an administration-wide effort to ban sex change treatments for minors. He has said doctors should be sued for performing sex changes on children and suspended a state attorney refusing to adhere to the child sex change ban. DeSantis also requested public universities report how many students they treated for “gender dysphoria,” and in October, the Florida Board of Medicine voted to ban sex change surgeries and hormone therapy for children under 18. Dylan Mulvaney, a man who identifies as a woman and has garnered attention on social media for using hyper-feminine stereotypes, asked Biden in October if he thinks states should “have the right” to ban “gender-affirming health care.” “I don’t think any state or anybody should have the right to do that, as a moral question and a legal question,” Biden responded. “I just think it’s wrong,” Biden added. “I feel very, very strongly that you should have every single solitary right, including, including use of your gender identity bathroom in public.” https://www.washingtonexaminer.com/videos/women-now-binge-drinking-more-than-men-for-first-time-in-history-doctor-warns Women now binge drinking more than men for first time in history, doctor warns For the first time in history, women are outpacing men in binge drinking, which is a growing concern among health officials as overall drinking for young adults is on the rise. As the pandemic came to an end, they seem to be drinking more than ever. In 2020, during the pandemic, we saw a continuing decline in binge drinking among college-age students. Most were isolated or at home as classes moved online. Group activities or parties where drinking would be prevalent simply were not happening. “In 2021, there has been an uptick, particularly among women. Now it turns out on college campuses women are actually binge drinking more than men, for the first time in history,” said Dr. George F. Koob, director of the National Institute on Alcohol Abuse and Alcoholism. Koob said while drinking overall was down during the pandemic, deaths associated with alcohol were up 25% for not just college students but the general population. Koob believes isolation contributed to mental health problems and substance abuse across the board. However, now we’re back. People are going to parties, and colleges and bars are open again. Restaurants are serving bottomless brunch, and wineries and breweries are ready to pour. “It’s what we call the alcohol deprivation effect. People tend to really rebound in drinking after a period of not drinking.” Koob said. “We are a little concerned that this spring and spring break is going to be a return to a good amount of binge drinking. I just want to caution everyone that when you start hitting the binge drinking level you start doing really bad things to your body.” So, where does this leave this new group of women who are binge drinking more than ever before? Koob said knowing what a standard drink is and your limit is important to taking care of your health. As social media trends encourage dangerous “hacks” to binge drinking, including the viral “BORGs” or “blackout rage gallons” which combine water, electrolytes, and vodka, TikTok is specifically pushing the misconception that this drink will keep you hydrated while drinking copious amounts of liquor. https://nypost.com/2023/03/12/fight-among-200-brawlers-at-louisiana-hs-ends-in-10-arrests/ Massive fight among 200 students, parents at Louisiana high school ends in 10 arrests An explosive fight at a Louisiana high school among nearly 200 students and parents ended with several cops injured and at least 10 arrests. Swarms of police officers responded early March 8 to a “major campus disturbance” at East Baton Rouge Readiness Alternative School, finding a loaded gun abandoned on the ground, WBRZ reported. Officials say one fight broke out and escalated, spilling out into the school’s courtyard and gym. By the time police arrived, there were about 200 people involved in brawls across the campus. Videos of the chaos taken inside the school’s gym show chairs getting tossed and students being detained by law enforcement. One shocking video shows a sheriff’s deputy forcefully hitting a student’s face into a brick wall. The officer was trying to arrest a 17-year-old student, authorities said. Police said the teen had punched the officer in the face and tried to bite him, which led to the aggressive encounter captured on video. The teen was among those charged with battery on an officer and resisting arrest. Officials have not yet determined what triggered the massive melee at the school, which enrolls students who’ve been previously suspended or expelled from other district schools. The NAACP released a statement Wednesday saying it was reviewing videos from the incident to decide if the aggressive police response captured on video was appropriate. The fight allegedly started with a small group of students but escalated into a larger clash involving parents and students fighting police as well. One witness told WBRZ the brawl erupted when a girl who wasn’t a student at the school and her mom showed up to fight another girl — and that it escalated from there. Students were allegedly locked inside the gym during the fight. One responding police officer sustained injuries including a broken hip and head lacerations. Also among those arrested were three students charged with battery on a police officer, a felony. Five other students were arrested for disturbing the peace, including an 18-year-old girl who was arrested on counts of unlawful disruption of the operation of a school and resisting arrest, and a 17-year-old girl hit with disturbing the peace and resisting arrest. All of those arrested were students between 15 and 18. None of the parents or other adults at the scene were taken into custody. Alps Precious Metals Group The Word of God in Genesis 2:10-12b teaches this: “…And a river went out of Eden to water the garden; and from thence it was parted, and became into four heads. The name of the first is Pison: that is it which compasseth the whole land of Havilah, where there is gold; And the gold of that land is good…” Gold maintains God’s stamp of approval if used with the wisdom He gives us by His Grace. Since the creation of the Federal Reserve and all of the other Central Planning Banks around the world, tumultuous modern financial markets have been the natural consequence. In the midst of these tempests, such as the one that is upon us now, Gold has maintained an impeccable record of preserving the labor and wealth of individuals, families and institutions. Alps Precious Metals is a U.S.-based company formed for the purpose of re-establishing the essential role of Physical Precious Metals within investment portfolios. Whether as a compliment or replacement for bank/brokerage accounts and/or Retirement accounts, Physical Precious Metals allow the investor to own *the* bedrock asset that has weathered all financial storms. Call James Hunter of Alps at 251-377-2197, and visit our website at www.alpspmg.com to begin the discussion of the trading and Vaulting of Physical Precious Metals. As we come to the end of today’s news… Happy Pie day by the way! Speaking of which, how about a little On this day in history? On this day in history: March 14th: 1592 "Ultimate Pi day": on this day at 6.53am is the largest correspondence between calendar dates and significant digits of pi, since the introduction of the Julian calendar (3.14) 1757 On board HMS Monarch (his own flagship), British Admiral John Byng is executed by firing squad for failing to come to aide of besieged British garrison 1794 Eli Whitney patents the cotton gin machine revolutionizing the cotton industry in the southern US states 1812 US Congress authorizes war bonds to finance War of 1812 1888 Second largest snowfall in NYC history (21") 1899 German Ferdinand von Zeppelin receives a US patent for a "Navigable Balloon" 1918 1st concrete ship to cross the Atlantic (Faith) is launched in San Francisco 1922 KGU-AM in Honolulu HI begins radio transmissions 1922 KSD-AM in Saint Louis MO begins radio transmissions 1922 WGR-AM in Buffalo NY begins radio transmissions 1923 German Supreme Court prohibits NSDAP (Nazi party) 1931 1st theater built for rear movie projection (NYC) 1941 Nazi occupiers of Holland forbid Jewish owned companies 1954 Milwaukee Braves future home run king Hank Aaron homers in his debut exhibition game against the Boston Red Sox 1960 Philadelphia center Wilt Chamberlain sets NBA playoff record of 53 points in Warriors' 132-112 win over Syracuse Nationals at Philadelphia Civic Center 1972 Muddy Waters wins his first Grammy Award, for his album"They Call Me Muddy Waters" 1972 NBA's Cincinnati Royals, plagued by poor home attendance, announce they are moving franchise to Kansas City 1973 Future US senator John McCain is released after spending over five years in a North Vietnamese prisoner of war camp 1976 Jockey Bill Shoemaker wins his 7,000th race 2011 26th Rock and Roll Hall of Fame inductees: Alice Cooper Band; Neil Diamond; Dr. John; Darlene Love; Tom Waits; Leon Russell; Jac Holzman; and Art Rupe

Over the weekend, U.S. regulators took over Silicon Valley Bank (SVB) after it collapsed on Friday morning. In a matter of 48 hours, SVB experienced a bank run and capital crisis, becoming the second largest bank in U.S. history to go under. Over the weekend, panic spread among investors and economists who feared the failure of SVB could set off a national financial crisis, but those concerns were mostly allayed when U.S. regulators announced emergency measures to protect depositors. You can read today's podcast here, today's “Under the Radar” story here and today's “Have a nice day” story here. Today's clickables: Quick Hits (1:03), Today's Story (2:57), Right's Take (14:42) Left's Take (9:15) , Isaac's Take (19:43), Under the Radar (25:45), Numbers (26:41), Have A Nice Day (27:17) You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Our podcast is written by Isaac Saul and edited by Zosha Warpeha. Music for the podcast was produced by Diet 75. Our newsletter is edited by Bailey Saul, Sean Brady, Ari Weitzman, and produced in conjunction with Tangle's social media manager Magdalena Bokowa, who also created our logo. --- Send in a voice message: https://anchor.fm/tanglenews/message Support this podcast: https://anchor.fm/tanglenews/support

MeidasTouch host Ben Meiselas reports on the video posted first by the MeidasTouch Network from May 2018 showing Trump and the GOP law that removed pivotal regulations which caused the collapse of Silicon Valley Bank (SVB). Shop Meidas Merch at: https://store.meidastouch.com Join us on Patreon: https://patreon.com/meidastouch Remember to subscribe to ALL the Meidas Media Podcasts: MeidasTouch: https://pod.link/1510240831 Legal AF: https://pod.link/1580828595 The PoliticsGirl Podcast: https://pod.link/1595408601 The Influence Continuum: https://pod.link/1603773245 Kremlin File: https://pod.link/1575837599 Mea Culpa with Michael Cohen: https://pod.link/1530639447 The Weekend Show: https://pod.link/1612691018 The Tony Michaels Podcast: https://pod.link/1561049560 American Psyop: https://pod.link/1652143101 Majority 54: https://pod.link/1309354521 Political Beatdown: https://pod.link/1669634407 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stocks in some US banks have continued to fall, despite President Biden's attempt to reassure Americans their money is safe after the collapse of Silicon Valley Bank. At one point shares in Western Alliance fell by 80%. Another bank First Republic was down by 75%. Earlier, Mr Biden used a televised address from the White House to say he would do whatever was needed to maintain stability. Stock markets across Europe closed down by more than 2%, with some banks suffering much steeper falls. Credit Suisse closed at a record low after declining by nearly 10%. Also in the programme: Malawi declares a state of emergency as it struggles to deal with tropical storm Freddy - still battering south East Africa; and a nuclear powered submarine plan for Australia - so how will it affect tensions between the West and China? (Photo: United States President Joe Biden delivers remarks on the United States banking system after the collapse of Silicon Valley Bank (SVB) 13 March 2023. Credit: Chris Kleponis/POOL/EPA-EFE/REX/Shutterstock)

The Bitcoin and crypto ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle's $40 million transfer request. Widely followed crypto analyst Benjamin Cowen says that the Bitcoin and cryptocurrency markets could give up hundreds of billions of dollars in a correction similar to the dot-com collapse. Learn more about your ad choices. Visit megaphone.fm/adchoices