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Silicon Valley Bank
The 16th largest bank in the country with more expected to fail.
This is not good news.
Well..lessee--all the depositors money is safe, so there's that. Oh, and after an extensive web crawl, I found nothing to indicate that this is the beginning of anything.Silicon Valley Bank
The 16th largest bank in the country with more expected to fail.
This is not good news.
www.axios.com
It don't suck for me..sorry for YOUR luck!Joe Biden's America sucks for everyone who isn't a billionaire or has the last name "Biden".
Not the same issue:in lebanon they closed all the banks to protest. if internet in the country is cut off, that's why i'm no longer posting!
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www.reuters.com
You did an "extensive web crawl" in the 8 minutes between the OP's post and your response? STFU, clown.Oh, and after an extensive web crawl, I found nothing to indicate that this is the beginning of anything.
thank you for caring enough to research lol "protest" and "Strike" are synonymsNot the same issue:
Lebanese banks to resume strike on March 14
Lebanon's commercial banks said on Thursday they would resume their open-ended strike on March 14, citing "arbitrary judicial decisions" that had drained their foreign currency reserves.
Nope....in the 2 or so hours since I got the news on my feed, you ignorant tool~You did an "extensive web crawl" in the 8 minutes between the OP's post and your response? STFU, clown.
I wonder where the FDIC gets it's money...Well..lessee--all the depositors money is safe, so there's that. Oh, and after an extensive web crawl, I found nothing to indicate that this is the beginning of anything.
So, your opinion is noted..as is the fact that it is not shared by anyone in the industry.
SVP screwed up, simple as that. The US has stepped in and the FDIC is doing its job. The sky is NOT falling~
From the OP link:
According to press releases from regulators, the California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The FDIC in turn has created the Deposit Insurance National Bank of Santa Clara, which now holds the insured deposits from SVB.
- The FDIC said in the announcement that insured depositors will have access to their deposits no later than Monday morning.
- SVB's branch offices will also reopen at that time, under the control of the regulator.
- The FDIC's standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category.
The FDIC said in the announcement that insured depositors will have access to their deposits no later than Monday morning. SVB's branch offices will also reopen at that time, under the control of the regulator.
According to the press release, SVB's official checks will continue to clear.
The FDIC's standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category. It is unclear exactly how larger accounts or credit lines for companies will be impacted by the closure. The FDIC said it will pay uninsured depositors an advanced dividend within the next week.
Silicon Valley's burning bank
The bank's failure would be the biggest since Washington Mutual.
Let it failSilicon Valley Bank
The 16th largest bank in the country with more expected to fail.
This is not good news.
Nope...if you were to read the link..the very last sentence addresses that issue by stating that there would be a dividend, for those larger accounts. yeah...might be some losses amongst the whales, so what? The little guy is protected, so it's OK with me if some wannabe big shots take a hitThat isn't how FDIC works. If any account had more than $250K, all that money would gone.
Plenty of companies keep more than that in the bank.
No..they're not. While a strike may be a protest..not all protests are strikes~thank you for caring enough to research lol "protest" and "Strike" are synonyms
semanticsNo..they're not. While a strike may be a protest..not all protests are strikes~
You got exposed as the useful idiot you are, clown. That's why people thank my posts and laugh at you.Nope....in the 2 or so hours since I got the news on my feed, you ignorant tool~
BTW...show me where I'm wrong...LOL!
From the OP link-this would lead one to believe that losses will be minimal..at least to the depositors:Silicon Valley Bank
The 16th largest bank in the country with more expected to fail.
This is not good news.
It's a mistake to assume that everyone is as stupid and out of touch as you are..and those who thank your posts are just as stupid. I don't get my news from USMB posts..thank God!You got exposed as the useful idiot you are, clown. That's why people thank my posts and laugh at you.
You posted 8 minutes after the OP. Learn math, dullard.
It's a mistake to assume that everyone is as stupid and out of touch as you are..and those who thank your posts are just as stupid. I don't get my news from USMB posts..thank God!
Again, not even an effort to prove me wrong..becasue, well, you can't! Must suck for you..to be so stupid that you are reduced to throwing stones as the smart people roll past.
