Bonus Episode: The Swift and Brutal Demise of Silicon Valley Bank
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 13 March 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
“Silicon Valley Bank was a darling of the industry. So clearly it was a very dramatic weekend.”
Bloomberg Wall Street reporter Sonali Basak’s observation leads off this bonus episode of In the City, where she joins fellow reporter Mark Bergen and hosts David Merritt and Francine Lacqua to unpack the shocking collapse of SVB, the biggest failure of a US bank since 2008, and what happens now.
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You can get the news whenever you want it with Bloomberg News Now. I'm Amy Morris. And I'm Karen |
| 0:06.3 | Moscow here to tell you about our new on-demand news report delivered right to your podcast feed. |
| 0:12.4 | Bloomberg News Now is a short five-minute audio report on the day's top stories. Episodes are |
| 0:17.9 | published throughout the day with the latest information and data to keep you informed. |
| 0:22.4 | Yes, there are other products like this from a variety of news organizations, but they usually |
| 0:27.9 | rerun their radio newscasts throughout the day. That's not what we do. We create customized |
| 0:33.8 | episodes that can only be heard on Bloomberg News Now. |
| 0:39.6 | And we don't wait an hour to publish breaking news. |
| 0:43.5 | When news breaks, we'll have an episode up in your podcast feed within minutes. So you're always getting the latest stories and developments. |
| 0:46.9 | Get the reporting and the context from Bloomberg's 3,000 journalists and analysts |
| 0:51.4 | we're all over the world. |
| 0:53.0 | Listen to the latest from Bloomberg News Now |
| 0:55.2 | on Apple, |
| 0:56.4 | Spotify, or anywhere you listen. |
| 0:59.0 | Actually, even the lawyers |
| 1:00.4 | on SVB were watching the Oscars |
| 1:02.4 | as they were doing their work. |
| 1:03.8 | Well, that's a great detail. |
| 1:05.1 | My timeline is like, |
| 1:06.5 | I literally went up to summer saying |
| 1:07.7 | it's half financial crisis |
| 1:09.1 | and half Oscar dresses. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.