If a bank has to make a statement about its safety and soundness, that’s usually a bad sign.
Sultan Meghji is the former Chief Innovation Officer of the Federal Deposit Insurance Corporation (FDIC) and a professor at the Pratt School of Engineering at Duke University. Ricky Mulvey caught up with Meghji to discuss:
- Where Silicon Valley Bank and the FDIC faltered in the lead-up to the bank run
- Ripple effects from the recent bank runs that investors should consider
- Hindenburg’s report on Block
- How to pack a "go bag" for your savings
Companies mentioned: JPM, SIVBQ, FRC, FIZN, SQ, SBUX, ORCL
Host: Ricky Mulvey
Guest: Sultan Meghji
Engineer: Tim Sparks
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