Welcome to this week's episode of Let's Talk Business!
This week, we discuss the topic on everyone's mind...
The SVB (Silicon Valley Bank) bankruptcy, which has traumatized the tech industry in the U.S.
To break down this event, I'm joined by:
- Julien Mbony, Valeox CEO
- Jonathan Léveillé, Opendmind Technologies CEO
Here are all the sources we mention in the episode:
US banks have lost $620 million: https://fortune.com/2023/03/10/svb-collapse-fdic-takeover-martin-gruenberg-620-billion-hole-banks-balance-sheet/
FDIC press release on concerns about rising rates and bank balance sheets: https://www.fdic.gov/news/press-releases/2023/pr23016.html
SVB’s financial statements: https://s201.q4cdn.com/589201576/files/doc_downloads/2023/03/Q1-2023-Mid-Quarter-Update-vFINAL3-030823.pdf
Image 1 on SVB's liquidity (14B + 26B) vs. what it owes customers (170B): all in podcast from 9:41min: https://youtu.be/CEee7dAk25c?t=580
On contagion in other regional banks: https://www.reuters.com/business/finance/first-republic-western-alliance-calm-contagion-worries-svb-meltdown-2023-03-10/
Image 3: statement by the Fed and FDIC that all deposits in SVB are insured, regardless of their balance quelque soit leur solde
Article about rescue plans: https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html
Impact on Canadian banks: DJ | Canadian Banks Seen Avoiding Fallout After U.S. Failures -- Analysis — TradingView News
Enjoy!
Learn more about Julien Mbony and Valeo X: https://www.valeo-x.com/fr/
Participate in Romain Collignon's atelier: https://formation.romaincollignon.com/atelier-optins1zve83j57635269
Get a second opinion on your advertising campaigns: j7media.com/hypercroissance
Learn more about OpenMind: https://www.openmindt.com/
Connect with me on LinkedIn: https://www.linkedin.com/in/antoine-gagn%C3%A9-69a94366/
Social Selling podcast: https://www.j7media.com/fr/social-selling
Elite Commerce podcast: https://www.purecommerce.co/fr/podcast-commerce-elite
Pivot podcast: https://www.dev2ceo.com/podcast
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