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According to a recent article on Business Insider, the collapse of Silicon Valley Bank has had an impact on companies with bad credit and caused a surge in the spread on junk-rated bonds relative to US Treasuries. However, Credit Suisse Chairman Axel Lehmann has stated that the contagion effect from the collapse of Silicon Valley Bank is local and contained. Meanwhile, former FDIC Chair William Isaac has predicted that more bank failures are on the horizon amid the fallout from the collapse of Silicon Valley Bank.
By The Economic Ninja4.9
116116 ratings
According to a recent article on Business Insider, the collapse of Silicon Valley Bank has had an impact on companies with bad credit and caused a surge in the spread on junk-rated bonds relative to US Treasuries. However, Credit Suisse Chairman Axel Lehmann has stated that the contagion effect from the collapse of Silicon Valley Bank is local and contained. Meanwhile, former FDIC Chair William Isaac has predicted that more bank failures are on the horizon amid the fallout from the collapse of Silicon Valley Bank.