Silicon Valley Financial institution, a serious lender to tech startups and the sixteenth largest financial institution within the U.S. is shutting down. CNBC’s Dominic Chu reviews on what triggered SVB’s downfall and whether or not considerations across the financial institution are linked to its focus within the tech sector.
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Silicon Valley Financial institution shut down by regulators, FDIC
#Tech #Economic system #Enterprise
America will have experience of 2008 when banks are bankruptcy and housing market problems. Today it copies and pastes the same.
Biden's economy is about to get extremely entertaining this week. Hope you have all made preparations
University of Minnesota wants a bailout now, too, because of declining enrollment.
Newsflash for all you overly idealistic and unrealistic people, corporations will always get their way with our corrupt government. Always. They come first and you come a distant last.
Home Depot co-founder said that it failed because it was a 'woke' bank. 🙃
I'm running to withdraw my life savings, I'm not taking any risks.
Oh people are pulling out their money big time!
Wishes and Rainbows 🌈
Good. Fjb and fake news msdnc
Oh thank God there won't be any ripple effects – I get paid by rippling so I should be sa… Oh wait, still haven't been paid
Glass Steagall. Bring it back.
Making money is an action. Keeping money is behavior. Growing money is knowledge…..
Bring in someone like Schiff to tell truth, reading from notes does not help.
I guarantee the CEO sold all his shares and knew this was coming look at his records
Better call Neil Bush and make sure his stolen billions from Silverado S&T 40 years ago is still keeping him livin' his life-style…
Didn’t the CEO cash in his $5 million in stock about 2 weeks prior?
It’s a scam
Keep voting for deregulations and that’s what happens
I seem to have missed the explanation of how SVB got into this financial mess in the first place. What did their management do wrong? Bank-ruptcies at financial institutions don't occur at random, do they? Someone didn't see the "iceberg" coming, or didn't believe it existed and either took action that resulted in a collision with it or didn't take action to avoid it. That needs to be made clear.
The USA bank will go bankrupt。。。Needs to Withdraw Cash quickly。。。Don‘t trust Gov。。。Don‘t trust Yellen。。。J.P.Morgan has Liquidity crisis too。。。
this shows that rich people are dumb
Send more money more weapons to ukraine ! Us citizens dont need that money at all , they rather sleep in a tent under some bridge !
American 🇺🇸 Government will bail out 💸 Silicon Valley Bank 🏦 and all other Banks 🏦 using Tax Payers Money 💵 while crying 😢 it’s for your own good 😊 ! Ha ! Ha ! Ha ! Hilarious 😂Money 💵 oops 🙊 Bail Out 💸 for the Rich 🤑! Higher Taxes 💸 for the Poor ! Ha ! Ha ! Ha ! Hilarious 😂,
I laughed these fools.
So is this nationalization?
Joe time to get tough with republican governors and the banksters!! GO
😂💥 Biden's policies at work
95% of deposits are gone
The runs begin Monday
Oh look, a bank deregulated by Trump in 2018 collapses right after the CEO got millions. What are the odds?
Banks wont allow runs as there is a withdrawal limit
Yeah the 2 sides might be the same. Adapt or become irrelevant guys. Good luck 😂
It's a crazy situation.. I also just made a video about it..
explaining what's going on. Cheers everyone!
Get ready for CBDC
YouTube keeps blocking my comments, but central b.a.n.k.i.n.g digital currency are coming
Took all my money out my bank, not risking it!
This is Bull cuz it isn't gonna Happen
Biggest go woke go broke in USA history. NIce.
Gee .. didn't see that coming
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
The actual collapse was caused by Biden / Deamoncraps allowing the Fed to increase interest rates
Hey Democrats. Maybe less talking about trump and more about your terrible current president.
Dont worry, the party of the working class, the democrats, will bail out the ultra wealthy. The VAST majority, I heard over 90%, of the accounts were over 250k. These are not working class people, they are WEALTHY people. Its bad optics for democrats.
Protecting the rich and privileged again……
All the bikes going to end up doing it the government know what they doing in the people ain't going to get that money back sue the government