Former FDIC Chair Weighs In On SVB Collapse

Global government bonds rally as investors search for havens. Former FDIC Chairman William Isaac joins Oliver Renick to discusses the fallout from the SVB collapse. He talks about how the S&P 500 coming off of worst week since September. He notes that N.Y. state regulators closed Signature bank of New York on Sunday. He then goes over how HSBC buys U.K. arm of Silicon Valley bank and what the fallout from Silicon Valley Bank means for future Fed rate hikes. He mentions that regulators backstop Silicon Valley depositors. Tune in to find out more about the stock market today.