And we don't mean .
Over the weekend Crypto, Silicon Valley Venture Capitalists, Silicon Valley Bank, Banks associated with Silicon Valley Bank and Silicon Valley implode.
When markets open the world will watch to see if panic rules the day.
LINK – https://www.youtube.com/watch?v=tbc1ooJWG3I
NYPD called to Silicon Valley Bank branch as depositors attempt to pull cash
The Bank Run In Silicon Valley by Portfolio Armor
Silicon Valley Bank failure could spark run on regional banks
Startups and VCs Scramble to Pay Employees After SVB’s Collapse
Bank Stocks Plummet as Bank Runs in the U.S. Gain Momentum at Federally-Insured, Non-Traditional Banks
https://wallstreetonparade.com/2023/03/bank-stocks-plummet-as-bank-runs-in-the-u-s-gain-momentum-at-federally-insured-non-traditional-banks/
FDIC Investigators Are on the Premises of Collapsing Federally-Insured, Crypto Related Bank, Silvergate: It’s Not a Friendly Visit
https://wallstreetonparade.com/2023/03/fdic-investigators-are-on-the-premises-of-collapsing-federally-insured-crypto-depositor-bank-silvergate-its-not-a-friendly-visit/
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Silicon Valley Bank had NO head of ‘risk assessment’ for nine months before it collapsed… as woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a ‘Lesbian Visibility Day’
https://www.dailymail.co.uk/news/article-11848705/Woke-head-risk-assessment-Silicon-Valley-Bank-accused-prioritizing-diversity-issues.html
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Silicon Valley Bank workers were paid bonuses just hours before it collapsed
https://www.businessinsider.com/silicon-valley-bank-workers-paid-bonuses-hours-before-collapsed-report-2023-3
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Government won’t bail out Silicon Valley Bank, which paid workers bonuses hours before collapse
https://nypost.com/2023/03/12/no-govt-bailout-for-silicon-valley-bank-yellen/
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Regulators approved plans Sunday to backstop both depositors and financial institutions associated with Silicon Valley Bank.
https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html
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“Along with that move, the Federal Reserve also said it is creating a new Bank Term Funding Program (BTFB) aimed at safeguarding institutions affected by the market instability of the SVB failure.”
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Regulators close crypto-focused Signature Bank, citing systemic risk
https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html
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HSBC will buy UK subsidiary of collapsed Silicon Valley Bank
https://nypost.com/2023/03/13/hsbc-will-buy-uk-subsidiary-of-collapsed-silicon-valley-bank/
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India stock market: Sensex erases gains, falls over 900 points
https://timesofindia.indiatimes.com/business/markets/stock-market-live-updates-sensex-nifty-silicon-valley-bank-collapse-indian-startups/liveblog/98592826.cms
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[First Republic ] Bank shares plummet up to 74% in pre-market trading despite Biden’s guarantee scheme for SVB and Signature Bank – amid fears of a banking rout mount when stock market opens at 9.30am
https://www.dailymail.co.uk/news/article-11853651/Bank-shares-plummet-71-pre-market-trading-despite-Bidens-backing.html
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Treasury yields plunge as SVB fallout seen slowing Fed rate hikes
https://www.marketwatch.com/story/treasury-yields-plunge-as-svb-fallout-seen-slowing-fed-rate-hikes-1b655802?mod=home-page
Biden was going to give a talk at 8 a.m. then pushed it to 9 a.m. (while everything falls to sh*t)
Watch on C-Span:
https://www.c-span.org/video/?526672-1/president-biden-remarks-banking-economic-recovery
Report: wire transfers between banks (worldwide) having stoppages.
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FDIC transfers all deposits of Silicon Valley Bank to newly created ‘bridge bank,’ names Tim Mayopoulos CEO
https://www.marketwatch.com/story/fdic-transfers-all-deposits-of-silicon-valley-bank-to-newly-created-bridge-bank-names-tim-mayopoulos-ceo-2ff2072c?mod=home-page
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Biden’s $4TRILLION COVID stimulus package helped create a tech investment bubble – that was punctured by interest rate rises, leaving banks with multibillion dollar shortfalls (but CEO of SVB sold $4M in shares BEFORE the crash)
https://www.dailymail.co.uk/news/article-11855147/How-Bidens-4TRILLION-COVID-stimulus-package-helped-create-tech-investment-bubble.html
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Silicon Valley Bank chief risk officer left company last year with over $7.1million after she oversaw a bond-buying spree that left it vulnerable to frenzied bank run that led to collapse
https://www.dailymail.co.uk/news/article-11873081/Former-SVB-risk-officer-inexplicably-left-company-year-7-1million.html
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As HSBC share price unravels, is it a safe investment?
https://invezz.com/news/2023/03/20/as-hsbc-share-price-unravels-is-it-a-safe-investment/
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