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 impact did the collapse of SVB have on Bank of America?

What were the financial implications for SVB's deposits after its collapse?