Posted on 03/11/2023 12:51:14 PM PST by RomanSoldier19
Britain's finance ministry and the Bank of England are working together to minimise the disruption that could stem from a collapse of the UK arm of Silicon Valley Bank (SIVB.O), which has been seized by U.S. regulators, the ministry said on Saturday.
(Excerpt) Read more at reuters.com ...
More here....
Something smells.
And I don’t mean the usual.
What the heck was SVB really doing...
Stock Talk Weekly
@stocktalkweekly
BREAKING: Bank of London, a new clearing bank which launched just two years ago, is considering a rescue bid for Silicon Valley Bank’s U.K. arm
7:32 AM · Mar 11, 2023
Okaaaay....
This is going to get frickin’ ugly. We’re just starting to see the ripple effects. SVB isn’t going to be the only bank to fail. Under no circumstances should taxpayers pay for a bailout. These filthy woke inside trading elites made stupid ass decisions and they need to pay for them.
has Credit Suisse released it’s report yet? I know the SEC called them and told them to ‘wait.’
As this starts to unravel over the next 24-48 hours, SVB is suddenly going to be a household swear word.
Agree.
Millennials mess up everything they touch.
Also the Boomers who precede them
1929 will seem like a church picnic.
Will the pendulum ever swing back to sanity and moderation?
No. Credit Suisse needs more time to cook the books.
I just did a search, Bloomberg has some sort of legal public notice up regarding Credit Suisse?
CS NOTICE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Credit Suisse Group AG Investors with Losses to Secure Counsel Before
March 11, 2023 at 2:35 PM EST
https://www.bloomberg.com/press-releases/2023-03-11/cs-notice-rosen-skilled-investor-counsel-encourages-credit-suisse-group-ag-investors-with-losses-to-secure-counsel-before
New York, New York—(Newsfile Corp. - March 11, 2023) - WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between December 1, 2022 and February 17, 2023, both dates
inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than May 8, 2023.
Around 3 years old, I think, on SVB’s UK and German operations...
https://www.theglobalcity.uk/resources/case-studies/silicon-valley-bank
US, UK, Germany...
If Elon bought this SVB, libs would have an even bigger hissy fit than they did when he bought Twitter.
He’d end all the liberal woke crap that was going on when the bank folded.
But at least he wouldn’t have to pay all the crooks who took bonuses first. Maybe he could help with evidence that would put them in prison?
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