April 2023 Friday’s e-links: How SVB and Signature Became Bridge Banks

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I like to think of them as my e-links:

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Friday’s e-links 4/21/23

Like me, you might not have known that the FDIC prepared for bank failures by having an on-call group of bank executives. Through a podcast from The Journal, we meet two bank executives and hear about the phone call eavh one received. Then, we follow one to Silicon Valley Bank and the other to Signatuire Bank and hear how they took over. Awaiting a permanent solution, the result for each was a bridge bank that created some stability.