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A Bank Failure Jolts Markets, Leaving Stocks Down Sharply
https://www.nytimes.com ^
| March 10, 2023
| By Joe Rennison
Posted on 03/10/2023 1:19:42 PM PST by RomanSoldier19
The collapse of a small bank in California on Friday set off a wave of concern over the health of the banking sector, amplifying fears for the broader economy and sending global stock markets lower.
Silicon Valley Bank, a prominent bank for start-ups in Santa Clara, Calif., was put under the control of the Federal Deposit Insurance Corporation early Friday. The decision to close the bank followed whipsaw trading on Thursday that continued into Friday, after SVB said that it needed to take immediate steps to shore up its finances amid a darkening environment for start-ups and other tech companies.
(Excerpt) Read more at nytimes.com ...
TOPICS: News/Current Events
KEYWORDS: svb
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To: RomanSoldier19
Billions for Ukraine. That’s where the money went.
2
posted on
03/10/2023 1:22:01 PM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: All
My GOLD is the only thing not down today. Biden has destroyed my 401k and IRA acct.
3
posted on
03/10/2023 1:22:52 PM PST
by
BipolarBob
(The rumor has not been confirmed until the FBI officially denies it.)
To: RomanSoldier19
a small bank in California?.......................
4
posted on
03/10/2023 1:22:53 PM PST
by
Red Badger
(Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
To: RomanSoldier19
Honey, I’ll be stopping by the bank on the way home...
5
posted on
03/10/2023 1:23:36 PM PST
by
dragnet2
(Diversion and evasion are tools of deceit)
To: Red Badger
6
posted on
03/10/2023 1:24:47 PM PST
by
no-to-illegals
(The enemy has US surrounded. May God have mercy on them.)
To: Red Badger
7
posted on
03/10/2023 1:25:25 PM PST
by
RomanSoldier19
(Res ad Triarios venit;“We are your ghosts, in this game played by monkeys, organized by lunatics” )
To: Red Badger
Over 100 billion in assets is small?
8
posted on
03/10/2023 1:26:22 PM PST
by
LukeL
To: Red Badger
Yeah, I read that too...author must have never heard of them
9
posted on
03/10/2023 1:27:14 PM PST
by
EBH
(America Blackmailed, The True Story of the World War...Coming Soon)
To: MeneMeneTekelUpharsin
Billions for Ukraine. *Trillions* in foreign aid, Ukraine, bull s**t never ending foreign wars, illegals by the tens of millions costing hundreds of billions...on and on and on....
10
posted on
03/10/2023 1:27:41 PM PST
by
dragnet2
(Diversion and evasion are tools of deceit)
To: RomanSoldier19
I can make big promises on 1.5% money. Of course when I have to actually have my investments perform at the bare minimum of 5%, the charade is over.
11
posted on
03/10/2023 1:27:51 PM PST
by
blackdog
((Z28.310) Forget "Global Warming", new grants are for "Galaxy Dimming")
To: BipolarBob
To: Red Badger
Considering my Mom has been on the phone with First Republic Bank and Luther Bank yeah this spreads out beyond that bank..she wanted to be sure she is insured
To: Red Badger
Actually the 16th largest bank in the US, uh, well, was the 16th largest bank in the US....
14
posted on
03/10/2023 1:34:38 PM PST
by
john drake
(Lucius Accius-Roman,170 BC - "oderint dum metuant" translated "Let them hate so long as they fear")
To: Red Badger
Small bank in a highly concentrated wealth producing area/Publicly traded/that bought over $2 billion or so worth of MBS. Ok, Biden/Marxists fellatio loving fags from the NYT, make me laugh more.
To: RomanSoldier19
“The collapse of a small bank in California...” How in hell is the 16th largest bank in USA a “small bank?”
16
posted on
03/10/2023 1:49:13 PM PST
by
donozark
(Colonel Tom Parker was a Democrat.)
To: BipolarBob
Add MOST accounts to your list of highly depressed investments. Friend of mine just told me her son’s MOST Account is off 29% and it was in “stable investments.” Yah. Okay...
Frankly, I think this thing is only getting started. I hope not, but it doesn’t look good...
17
posted on
03/10/2023 1:52:46 PM PST
by
donozark
(Colonel Tom Parker was a Democrat.)
To: BipolarBob
My Colt’s, Winchesters and Browning Hi-Powers are up.
To: BipolarBob
I used to have some. Should’ve kept it.
19
posted on
03/10/2023 2:35:49 PM PST
by
Migraine
To: Dusty Road
Brass
Lead
Copper Are secured 😎.
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