Ep 201: Silicon Valley Bank Outlook

Silicon Valley Bank was placed into receivership on March 10. Tim Byrne, Eric Daucher and Tom Delaney join Todd Alexander to discuss what has unfolded for Silicon Valley Bank over the weekend and what it means for the project finance community. We discuss why a bridge bank would have been set up, if there are bankruptcy concerns for investors with funds in collateral accounts, depositors’ access to funds in their accounts, what existing borrowers may experience with additional extensions of credit and what we think will happen over the next 72 hours.