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Podcast: Decoder with Nilay Patel
Episode: Watching Silicon Valley Bank melt down from the front row with Brex CEO Henrique Dubugras
Description: Brex CEO Henrique Dubugras found himself playing an important role during the Silicon Valley Bank collapse.Brex is what you might call a neobank — not a traditional bank but rather a financial services provider that helps companies manage how they spend money, corporate cards, travel expenses and the rest. In the middle of the SVB collapse, Brex was more than just a spending management company. It was also a safe place to park money.Brex saw billions of deposits in a very short period of time, giving Dubugras a bird's-eye view of what was happening — and...