Fed Alarms at SVB Began More Than Year Ago

Bloomberg News Finance Reporter Hannah Levitt and Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan discuss how just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. Okta CEO Todd McKinnon talks about the identity and access management business. Ken Hicks, CEO of Academy Sports and Outdoors, breaks down the company's earnings thoughts on the consumer. Bloomberg Markets Correspondent Kriti Gupta and Anthony DeRuijter, Senior Analyst at Third Bridge, discuss FedEx’s earnings surprise and outlook going forward. Amanda Hesser, Founder and Co-CEO of Food52, talks about why food is the center of a well-lived life. And we Drive to the Close with George Schultze, Founder and CEO of Schultze Asset Management. Hosts: Carol Massar and Jess Menton. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.