The ‘Shark Tank’ star admitted he had “many companies” with funds tied up in Silicon Valley Bank.
“Shark Tank” star Kevin O’Leary faced a grilling Tuesday night for allowing his companies to do business with Silicon Valley Bank – despite repeatedly referring to doomed firm’s management as “idiots” this week.
The response led the show’s host Sean Hannity to press O’Leary about his decision to park his money at SVB.“Kevin, you’re a smart guy,” Hannity said. “Why did you keep your money there if it was run by idiots?”O’Leary, who did not reveal the extent of his financial exposure to SVB, quickly went on the defensive.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SVB collapse: The Treasury must make whole SVB investorsThe Treasury Department is right to ensure that investors at Silicon Valley Bank have access to their deposits.
Read more »
'Shark Tank' star Kevin O'Leary bashes SVB bailout, moves assets out of banksCelebrity investor Kevin O'Leary claims federal regulators should have let Silicon Valley Bank fail rather than 'panic' and change policy for the entire banking system.
Read more »
SVB Financial mulls strategic options, hires restructuring veteranDefunct startup-focused lender SVB Financial Group said on Monday that it was planning to explore strategic alternatives for its businesses including the holding company, SVB Capital and SVB Securities.
Read more »
After SVB’s Collapse, How to Protect Your Money From a Bank FailureSkittish savers can protect their deposits in many different ways if they are uneasy about the safety of their money after the failure of Silicon Valley Bank.
Read more »
SVB collapse: Bay Area customers weary, yet relieved as they begin to receive money backCustomers were eager to get their money back after the government stepped in to help following the bank collapse last week. However, some were still worried after seeing the flaw in the system this situation highlighted.
Read more »
Experts weigh in: How to protect your money in wake of SVB, Signature Bank collapseAs far as the ripple effect this could have on the broader economy and the market, it's too early to know exactly what the long-lasting impacts could be.
Read more »