Hardware Podcasts

SVB, the banking crisis and climatetech

Catalyst · 30 Mar 2023 · 38m

What this episode covers

Saloni Multani, partner at Galvanize Climate Solutions, explains how Silicon Valley Bank's (SVB) duration mismatch and rapid deposit growth led to a social-media-fueled bank run, resulting in FDIC intervention and the sale of SVB's assets. She discusses the contagion effect on Signature Bank and Credit Suisse, noting a flight of capital to 'too big to fail' institutions like JPMorgan, and analyzes the lasting impact on climatetech, including the loss of SVB's specialized lending for community solar and venture-backed startups. Multani argues that while a new bank may fill the void, the era of cheap capital is over, requiring a recalibration of cost of capital and credit availability for capital-intensive climate infrastructure projects.

Most relevant to

large enterprises

Topics

Mentioned

Companies
Silicon Valley Bank, Galvanize Climate Solutions, Signature Bank, Credit Suisse, JPMorgan, EnergyHub
Also
FDIC

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