Surveillance: SVB Fallout with Michaud
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 13 March 2023
⏱️ 31 minutes
🧾️ Download transcript
Summary
Tom Michaud, KBW CEO, says we need a government support mechanism to make things orderly following SVB's collapse.Subadra Rajappa, Societe Generale Head of US Rates Strategy, says she wouldn't be surprised if we see another leg higher in yields if we start to price in more hikes. Michael J. Wolf, Activate Founder & CEO, says it was a "dark weekend" for startups and venture capital firms. Mayra Rodriguez Valladares, MRV Associates Managing Principal, says as soon as there is a problem with one bank, "fear is real."
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| 0:00.0 | Bonds are back. |
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| 0:05.2 | PGM Fixed Incomes Monthly Podcast Series. |
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| 1:05.4 | This is the Bloomberg surveillance podcast I'm Tom Keane, along with Jonathan Farrow and Lisa |
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| 1:30.4 | It was Friday, early morning, Sunday, as we worked through the weekend. I said, get my show. |
| 1:35.8 | He is with KBW who have been attached to small banking and securities analysis of banking |
| 1:42.6 | through my entire career. Tom has showed a CEO of KBW, a Steeple company. We're thrilled he could |
| 1:48.6 | join us in California this morning. Tom, I don't know where to begin with eight themes, but to cut |
| 1:55.0 | to the chase, you've lived this. What should your own power do in the coming hours and days? |
| 2:03.4 | I think this is still a moment about confidence. It's confidence for depositors to know that the |
| 2:09.8 | money in their bank is safe. It's also confidence among investors. You've got an S&P 500 company |
| 2:18.2 | whose stock just went to zero pretty quickly. Investors want to know that they want to have confidence |
... |
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