Silicon Valley Financial institution collapsed Friday morning after a surprising 48 hours through which a financial institution run and a capital disaster led to the second-largest failure of a monetary establishment in US historical past.
California regulators closed down the tech lender and put it underneath the management of the US Federal Deposit Insurance coverage Company. The FDIC is performing as a receiver, which usually means it’ll liquidate the financial institution’s property to pay again its prospects, together with depositors and collectors.
The FDIC, an impartial authorities company that insures financial institution deposits and oversees monetary establishments, stated all insured depositors may have full entry to their insured deposits by no later than Monday morning. It stated it could pay uninsured depositors an “advance dividend throughout the subsequent week.” CNN’s Matt Egan reviews. #CNN #MattEgan #cnnnewsroom
There is no 4ason to go above and beyond the normal payout for bank failure. Whatever the insurance amount is.
this is what happens when the countries funds are just being sent to Ukraine.
Would love to see the put option list from this past week on these banks.
SIDE EFFECTS OF SO MANY & HIGH INTEREST RATES HIKE……….
Greed sloth jealousy… free will?
This video about banking makes sense.
Whose gonna cover the collapse of CNN I wonder
Barney Franks on the Board of Directors , remember 2008 and Barney’s Legislation that helped contribute to the Banking Crisis ? Making Banks finance home buyers with bad credit.
Once a bank goes under you don't get your money back I know cnn is telling you it's OK but infact they are wrong and they know they are wrong its propaganda 101 to calm the masses.
What they are not telling you:
The entire investment board is ALL WOMEN!
How come during Reagan's presidency, the banks gave us 6-8% on our savings and the stock market also had good returns. What happened?
Two banks in US were laid off, may be due to their internal problem. But why other banks in US, Europe are suffering from panic of fall down is a question that these banks either engage in malpractice or they have internal problem keep hide from knowing. I can't understand why and how a bank in right path with good governance suffers from fear of topple down at the fall of other(s)? Is there any banker or an economist answer me?
i robot! scenario. save western global economies Shut down the trading systems…reboot…quick! is this a Chinese Takeaway. or a cash handshake.
“Governments should not prop up a failing business. That’s like giving food to a mortally wounded animal instead of properly slitting its throat and harvesting it’s meat.”
– Ron Swanson
Trump was right again! He said interest rates would go up under Biden with his printed deficit spending to the likes we have seen since the Carter days. Go ahead and deny it. It's ok.
If regional/smaller banks lose money as people move to GSIBs (Global Systemic Important Bank) because the larger banks insure 100% deposits, and we end up with 4 of 5 SIBs could their terms of service could include digital Banking?
The failure of Silicon Valley Bank has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stocck portfolio, what’s the best way to take advantage of this bear market?
Seems like Western Alliance Bancorp
WAL:NYSE..is have loads of trouble. And First Republic Bank
FRC:NYSE may go under too.
RF seems fine though.
Regional banks could really be affected, news try's to point a rosy picture of them though.
is fear and greed
1 John 2:15-17 (KJV)
15 Love not the world, neither the things that are in the world. If any man love the world, the love of the Father is not in him.
16 For all that is in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world.
17 And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever.
I’m so glad I’m saved-born again I’m in the world but not of the world.
23 seconds ago
The planned collapse of the banks is to consolidate the banks to one world bank that is going to force everyone to go to their Government Crypto. This is why they are outlawing all other Crypto to use only government Crypto. The Transgender stuff is just to shut up the critics. This is not sudden, all the executive officers sold their stock a couple of years before it happened.
This Bank Crash is planned by the governement to crash the dollar and bring in the new world digital Money that the government control.
Unleashed the collapsed, us government and you ASK FOR IT!!!