Silicon Valley Bank collapse has echoes of 2008. Here's why things are different this time | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The failure of Silicon Valley Bank is rattling markets and raising uncomfortable questions: Will it undermine the broader banking system and start a new meltdown? | Analysis

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 !!!!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »