Why did Silicon Valley Bank collapse?

from World Review from the New Statesman

Over the weekend, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the 2008 financial crisis. Regulators scrambled to contain the fallout from the collapse as share prices plummeted, with HSBC stepping in to buy the bank for £1 in a rescue deal. Ido Vock is joined by the New Statesman’s associate business editor Emma Haslett and Spotlight editor Alona Ferber to discuss the roots of the crisis, the hypocrisy of libertarian tech bros, and the wider risks. Next, the team turn to Israel, where Benjamin Netanyahu’s proposals to reform the judiciary have been met in Tel Aviv with some of the biggest protests in the city’s history. They discuss whether Israel is moving towards dictatorship, the prospect of rebellion in the army, and rising violence in the West Bank.If you have a question for You Ask Us, go to newstatesman.com/youaskus Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer.  Read more:        Will Dunn asks: who killed Silicon Valley Bank?Emma Haslett writes that the failure of Silicon Valley Bank unmasks the hypocrisy of libertarian tech bros. Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

Over the weekend, Silicon Valley Bank, a lender to some of the biggest names in the technology world, became the largest bank to fail since the 2008 financial crisis. Regulators scrambled to contain the fallout from the collapse as share prices plummeted, with HSBC stepping in to buy the bank for £1 in a rescue deal. Ido Vock is joined by the New Statesman’s associate business editor Emma Haslett and Spotlight editor Alona Ferber to discuss the roots of the crisis, the hypocrisy of libertarian tech bros, and the wider risks. Next, the team turn to Israel, where Benjamin Netanyahu’s proposals to reform the judiciary have been met in Tel Aviv with some of the biggest protests in the city’s history. They discuss whether Israel is moving towards dictatorship, the prospect of rebellion in the army, and rising violence in the West Bank.If you have a question for You Ask Us, go to newstatesman.com/youaskus Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer. Read more: Will Dunn asks: who killed Silicon Valley Bank?Emma Haslett writes that the failure of Silicon Valley Bank unmasks the hypocrisy of libertarian tech bros. Hosted on Acast. See acast.com/privacy for more information.