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Money Rehab with Nicole Lapin

An SVB Employee Pulls Back the Curtain

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.41.4K Ratings

🗓️ 16 March 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

Right now, a lot of people are turning to industry insiders for answers on SVB’s crash, but the people who we really should be listening to now, are the SVB insiders, the employees. So today’s guest is a SVB employee— or, was, until the bank dissolved. She shares what it felt like to be inside the company as it fell apart, what questions she still has, and a perspective on SVB we didn't expect. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:07.0

It's time for some money rehab.

0:15.8

In my ongoing coverage of the Silicon Valley crash, I had a listener reach out to me who

0:19.6

actually worked at Silicon Valley Bank and witnessed the downfall from the inside.

0:25.2

This listener and I have been in very close touch over the last week as things were falling

0:29.7

apart.

0:30.7

She has been sending me questions about deciphering the information she's been getting from

0:34.1

the company and what it means for her and together we've been trying to piece together

0:38.5

the picture of what will happen next for the employees at the bank.

0:42.4

Right now a lot of people are turning to industry insiders for answers on SVB's crash.

0:47.5

But the people who we really should be listening to now are the SVB insiders, the employees.

0:55.4

So today's guest is an SVB employee or was until the bank dissolved.

1:00.3

I cannot thank her enough for taking the time during this chaotic moment to share with

1:04.5

us.

1:05.5

In the edit by the way, we had to cut out some details that she shared with us about

1:08.9

her life and background to protect her anonymity.

1:11.7

But I really wish you could hear everything because I gotta tell you this listener is literally

1:17.0

super woman.

1:18.0

Anyway, enough preamble.

1:20.0

Here she is.

1:24.2

Thank you, amazing.

1:25.2

Thank you so much for taking the time out to chat with me during this crazy time.

...

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