CarrZee Opinion: The decline of SVB shows how regulators and the media need to join the dots — in this case between surging interest rates, collapsing tech valuations, fast-moving capital and credit ratings agencies …in a bid to protect investors and young companies.

Some of the new companies in need of protection will help solve the climate crisis.

The sale to HSBC of an SVB unit over a single weekend seems like impressively swift regulation – let’s hope there is enough transparency to assess whether the deals being struck are fair to the various parties. Crises are often used as an excuse for bad behavior.

For one, it may be premature to level demand as President Biden just did:

https://www.dailymail.co.uk/news/article-11853729/Biden-says-Silicon-Valley-Bank-managers-FIRED-collapse-defends-response.html

See this https://apple.news/AbzMG6OohQa-3WhiP6xMFZg

And this https://stocks.apple.com/AGDVDUeWcSv-RasoU4iP7SA

This BBC podcast includes a good overview with the FT
https://www.bbc.co.uk/sounds/play/w172ykwy4m45hlf

This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC

Deposits will be protected, with no taxpayer support

I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise

— Jeremy Hunt (@Jeremy_Hunt) March 13, 2023

Source: Guardian

Climate companies, solar at risk as SVB implodes: Disclose.TV + Heatmap

I love this snip from the FT’s feature on SVB today in the newspaper edition …shows the story is partly about short-term greed and a ratings agency that actually spotted it (but too late)….oh and Goldman Sachs.

Subscription needed

Silicon Valley Bank: the spectacular unravelling of the tech industry’s banker ft.com