Fed Looking Into SVB's Lack of Risk Officer

The video discusses the absence of a Chief Risk Officer at SVP during a critical period, leading to mismanagement of bond portfolios. It also covers Signature Bank's collapse due to its involvement with crypto clients and regulatory scrutiny. Bank of America and other major banks have gained significant deposits as a result of these collapses.

What was a significant factor in SVP's financial troubles last year?

• Increased competition from fintech companies

• High employee turnover

• Excessive lending to small businesses

• Lack of a Chief Risk Officer

What was the main focus of the regulators' investigation into Signature Bank?

• Its high executive salaries

• Its relationships with crypto clients

• Its international banking operations

• Its involvement in real estate investments

Which bank emerged as a major beneficiary following the collapse of SVP?

• Deutsche Bank

• Goldman Sachs

• Bank of America

• HSBC

How much did Bank of America gain in deposits shortly after the SVP collapse?

• $10 billion

• $20 billion

• $5 billion

• $15 billion

Which other banks are mentioned as benefiting from the SVP collapse?

• UBS and Credit Suisse

• Barclays and HSBC

• BNP Paribas and Société Générale

• Citibank, JPMorgan, and Wells Fargo