Billionaire hedge fund manager Bill Ackman has compared SVB to Bear Stearns, the first lender to collapse at the start of the 2007-2008 global financial crisis. “The risk of failure and deposit losses here is that the next, least well-capitalized bank faces a run and fails, and the dominoes continue to fall,” Ackman wrote on Twitter. Yet most analysts say the implosion of SVB appears company-specific for now.
JPMorgan Chase\n \n , Bank of America\n \n , Wells Fargo\n \n and Citigroup\n \n all suffered drops of between 4% and 7% Thursday. While their shares stabilized on Friday, smaller banks continued to suffer. An exchange-traded fund tracking regional banks, the SPDR S&P Regional Banking ETF, was down more than 6%. Banks in Europe were also hit. What happens next? Other lenders with highly specialized clientele could come under pressure.
Here is the prophecy: Silicon Valley Collapse
Don't believe a word the Clinton News Network ( the most trusted news source ) says. This is the 18th largest US bank with over $ 200 Billion in assets. Keep your eyes open for another collapse.
Hard to believe people still actually give their hard earned $ to the WS organized crime ring, like you’re actually investing in anything, only to watch it vanish in milliseconds into an algorithmic abyss, degenerate gamblers, better odds at the other casinos.
A terrible wave is coming, wasn't the only one, many regional banks are collapsing. $SIVB -100% $WAL -41% $PACW -35% $SBNY -25% $FRC -22% $CUBI -18% $BOH -11%
I don't know anything about the banking world.. What does this collapse actually mean? Does that mean everyone with over $250,000 in their bank account lose all their money over 250k?
Tylko szmaty i kurwy atakują Jana Pawła II ,szmaty które nic nie zrobiły dla Polski tylko szmacą się aby zaistnieć w polityce !!!!
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Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
Source: BusinessInsider - 🏆 729. / 51 Read more »