The banking sector is at risk of a major contagion and if it spreads bank stocks are in trouble. Your mutual funds are full of them. Know what to do before it happens. #RY #SIVB #NASDAQ

Banks are risk and this could be a bigger problem than anybody realizes. #RY #SIVB
https://www.craveinvestor.com/behavioral-finance

#SIVB #SiliconValleyBank almost across the board "buy" ratings from "professional analysts" at places like #GoldmanSachs, #WellsFargo, #JPMorgan, etc. as of March 7th¹.

Remember this company announced back in December that it was headed for massive losses.

#SVB is just the tip of the iceberg...

¹ except for one hero named Casey Lea

#SIVB / #SVB / #SiliconValleyBank loans to insiders

Kris Bennatti, a former auditor and founder of Bedrock AI, a Canadian start-up backed by Y Combinator that sells a financial analysis tool, warned of the risk of overreacting.

“Implying that we should have been optimising our finances for bank failure is absurd to me. This was an extreme black swan event, not something that we should have or could have foreseen.”

https://on.ft.com/3YSEUoI

#finance #investing #sivb #svb

🚨Ω🚨
#TheCryptocalpyseChronicles: How Everyone Is Getting The Story Of Silicon Valley and Signature Bank Completely Wrong

(And other incomprehensible things, like #Coinbase's banking partnerships)

Ω👇Ω
https://cryptadamus.substack.com/p/how-everyone-got-the-story-of-silicon
#SVB #SIVB #SiliconValleyBank #SignatureBank #SBNY #SI #SilvergateBank #Coinbase #COIN #cryptocurrency #crypto #SigNET #Bank #banking #banks

If the banks are exposed due to high interest rates how many home owners with big fat mortgages are going to be in trouble? @thehill #NASDAQ #SIVB

Unlike #SiliconValleyBank the situation at #CreditSuisse was at the very least a year (dare I say, two) in the making
#SIVB #CS

#BankRun!
Trading halted for multiple U.S. #banks stocks at open.

Western Alliance Bancorp down 75%
First Republic Bank down 66%
Customers Bancorp down 54%
PacWest Bancorp down 46%
Zions Bancorp down 44%
Bank of Hawaii down 42%
Comerica down 39%
East West Bancorp down 32% via @disclosetv #SIVB #SVB

Yikes for the ed sector!

RT @anthonyrandazzo@twitter.com

There are at least 26 public pension funds (managing money for ~80 pension plans) who directly held stock in SVB Financial Group (#SIVB), the parent of Silicon Valley Bank.

A short 🧵👇🤦🏻‍♂️

🐦🔗: https://twitter.com/anthonyrandazzo/status/1635269863018221570

I really have mixed feelings about this. Part of me is like bravo for the US government fully covering Silicon Valley Bank assets, but part of me is wondering if this will just embolden banks to act more wrecklessly given there appears to be no consequences.

#svb #sivb

https://www.reuters.com/business/finance/regulators-urged-find-silicon-valley-bank-buyer-industry-frets-about-fallout-2023-03-12/

Alle #SIVB-Kunden bekommen ihre Einlagen über die versicherte Summe hinaus vollständig zurück...
Und dann wundern sie sich dass die Menschen in den USA das Vertrauen in die Politik verlieren...

A nice, thorough explanation of what happened at Silicon Valley Bank. Not going to share a TL;DR on this, but lets just say that the downfall involved mortgage assets and a bank run.

#svb #sivb

https://www.netinterest.co/p/the-demise-of-silicon-valley-bank

really interested to see what the fallout is from this shit show on Monday. #SIVB

If you want to blame anyone for #SIVB collapse blame these dem senators who voted to repeal regulations for small banks:
Bennet (Colorado)
Carper (Delaware),
Coons (Delaware),
Hassan (New Hampshire),
Kaine (Virginia),
King (Maine),
Manchin (W. Virginia),
Peters (Michigan),
Shaheen (New Hampshire),
Stabenow (Michigan),
Tester (Montana),
Warner (Virginia), and these people who no longer are in governance:
Donnelly, Heitkamp, Jones, McCaskill, Nelson (from
https://twitter.com/vtg2/status/971064520390168576)

#SIVB! Speechless.

Does anyone know how much in overdraft fees #SiliconValleyBank has paid their customers so far?

#SVB #SIVB

The tech bros giveth and the tech bros taketh away but the powerpoint slides live on in economics history books forever. #SIVB

If you're considering cheering that "the man" got what was coming to him with the collapse of Silicon Valley Bank, think again. This is the primary bank used by small scrappy startups across many industries, and they have lost access to their money as of today. Even if they had other accounts outside #SIVB they likely can't handle losing it. It could kill a whole wave of startups, some of which would drive the economy tomorrow. The risks taken by SVB execs put all of this at risk.

The collapse of #SIVB isn't just affecting a few VCs - it's going to ripple across startups, large tech firms, and companies outside #SiliconValley! /ht @ampressman https://www.bostonglobe.com/2023/03/10/business/troubles-silicon-valley-bank-ripple-across-local-tech-scene/