How did Silicon Valley Bank collapse?
Authorities on Sunday also took over Signature Bank in New York, which had many clients involved in crypto and was seen as the institution most vulnerable to a similar bank run.Mr Biden promised that covering the deposits would not cost taxpayers anything, and instead be funded by fees regulators charge to banks.
Paul Ashworth of Capital Economics said the US authorities had "acted aggressively to prevent a contagion developing". "In the US, bank stocks slid despite Joe Biden's pledge that 'whatever is needed' will be carried out to prevent more dominos from tumbling."The failure of SVB has re-ignited debates - similar to those seen following the 2008 financial crisis - about how much the government should do to regulate and protect banks.
"Building a culture of government intervention does nothing to stop future institutions from relying on the government to swoop in after taking excessive risks," he said. Both of the banks that collapsed - Silicon Valley Bank and Signature Bank - had the same thing in common: their business models were too concentrated in one sector and they were over exposed to assets whose values came under pressure from rising interest rates.
Because the global banks aren’t based off of Biden’s word, they’re based off of how well the world is doing. And apparently it’s not doing very well.
It's civil war coming in US and UK
Not a single mention of Trump.
Oh look... More BBC Bias Protect the Instigator, Trump BBCPolitics BBCBreaking
国家の発行する通貨が信用を失ったことによるインフレですからねえ😭
The banks want to have their cake and eat it too. They either need to be very highly regulated if they want security from government, or allowed to fail like any other business. Cannot have it both ways.
What a surprise! (Not really). Just... Late-stage capitalism.
RT SVBBank Biden federalreserve complicit in Silicon Valley Bank run. SVB focused on VC, suddenly buys 80 billion cheap MBS don't believe it. FederalReserve sells SVB London to nato wef cheap quick sale. NATO control of tech. Biden betrays USA
Oh a senile old man who has multiple aexual abuse accusations against him ( with a confirmed nonce for a son ) mumbled some swizzle and no one took him seriously. Next Gary Glitter will be back in nick!
😳😭😭😭
Banks still do what they want and take risks and then expect US government to bail them out..one of them was in to crypto bollox, make sure they go to the wall, we prefer COIN and Cash 🤣
I forgot he is the president of the world.
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Silicon Valley Bank: the spectacular unravelling of the tech industry’s banker\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Strap in Bastards screwing over other bastards and we end up carrying the bag for both sides. The taxpayers end up footing the bill for their golden parachute and soft landing. What a effing joke and a mockery perpetrated against the middle class and the working class in this country!!! Ponzi 2.3
Bron: FT - 🏆 113. / 51 Lees verder »
UK prepares cash lifeline for tech companies hit by Silicon Valley Bank collapse\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Will the deal be structured in a way where the UK taxpayer gets a piece of the companies it’s bailing out? Seems like the only way to be palatable to the british public at a time where there is seemingly no money for NHS staff for instance. Bailing out the (acquiring) banks, and socialize Scabs reckless losses. But the companies receiving cash support from govt scheme MUST agree to a dilution of their equity in favour of the British govt. Taxpayers must be rewarded for their largesse in providing a cash lifeboat.
Bron: FT - 🏆 113. / 51 Lees verder »