Dickson: Capital concentration into mega-banks would be a travesty
Kris Dickson · Jackie Reses & Kris Dickson: What Happened with SVB? Are VCs to Blame? | E988 · 20VC with Harry Stebbings · Mar 13, 2023 · at 16:59
Kris Dickson, CFO of Lead Bank, warns against allowing capital to consolidate exclusively into the largest US banks after the Silicon Valley Bank run.
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“The community and regional banking system is the lifeblood of our Main Street economy, and if the outcome of all of this is a super concentration of funding and control of the banking system into systemically important institutions, that would be a travesty.”
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