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Bloomberg Tech

SVB Financial Files for Bankruptcy

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 17 March 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the continuing banking chaos with SVB Financial now filing for Chapter 11 Bankruptcy, as First Republic sees it worst week ever on record. 

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.8

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco, this is Bloomberg Technology.

1:01.0

Coming up, the Banking Chaos continues SBB Financial.

1:05.0

It files for Chapter 11 bankruptcy as First Republic sees its worst week ever on record.

1:10.0

We'll bring you the updates as they cross.

1:12.0

And we'll look at how this is playing out in the market.

1:15.0

Sylvia Jablonski of Defiance ETS joins us with her take on Bitcoin,

1:19.0

which is flirting with its biggest weekly gain in almost two years.

1:22.0

Plus how the crisis is playing out in the C-suite.

1:25.4

We speak with the CEOs of Mercury of Ripley for their take

1:28.8

and we get the Venture Capital Outlook

1:30.6

with the co-founder of Kozler Ventures.

1:32.8

All that, so much more coming up.

1:35.0

Let's get first to an extraordinary week on the markets.

...

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