RBC Capital Markets head of U.S. bank equity strategy Gerard Cassidy and The Fitz-Gerald Group principal Keith Fitz-Gerald discuss the significance of Silicon Valley Bank imploding on 'The Claman Countdown.'
as a loan officer and rose through the ranks during the dotcom bubble before he later steered the lender in the wake of the 2008 global financial crisis. The company's operations abruptly came to a halt on Friday as California banking regulators shut the company in what became the largest bank failure since the financial crisis. Silicon Valley Bank CEO Greg Becker
give him a new Title : Chief Wealth Destruction Officer 👏👏
see what happens when you dont put em jail
Go woke……………😊
This is what happens when ESGEPS.
$10 says DEMS knew to get out.
Doesn’t absolve him of possible insider trading. Mgmt of SVB effectively abandoned Titanic, w/ passengers luggage, right before hitting the iceberg
Why not behind bars ?
SVBCollapse affected payroll for hundreds of thousands on Friday as small businesses who used PatriotSoftware did NOT GET PAID. We have to make payroll from reserves for our clients. We did not bank with SVBCollapse, PatriotSoftware used it for RAILS ACH Payrol
The American taxpayer cannot continue to bail out these irresponsible banks.
😳
SVB should be a learning experience and a wake up call to diversify deposits. FDICgov only insures up to $250,000.
Trump took out Todd Frank in 2018. SVB would have never passed the stress tests. Trump signs the biggest rollback of bank rules since the financial crisis
I am sorry but I just do not believe any of the numbers, If an Administration is willing to speak in front of people and lie without batting an eye they have no problem using National intelligence to deceive it citizens I think one day we will wake up to a huge market crash.
Domino effect coming? 🤔
He also sold his stock in the company last week.
Domino just started in Regional Banks. ❤️ you Jerome, Janet and Joe for all the shorts and options opportunities.
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Source: BusinessInsider - 🏆 729. / 51 Read more »