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Wildfire Prevention? Another bank shut down
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The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and U.S. Treasury announced the crypto-friendly lender Signature Bank's closure under a "systemic risk exception" Sunday (March 12) evening, two days after the collapse of Silicon Valley Bank.
In a Twitter post, Bill Ackman, founder of Pershing Square Capital Management, said that when the new entity replacing SVB begins operating on March 13, the FDIC will announce that they will immediately pay about 50% of their funds to depositors.
Michael Burry was among the few dissenting voices to the emergency plan and tweeted, "2000, 2008, 2023, it is always the same. People full of hubris and greed take stupid risks, and fail. Money is then printed. Because it works so well."
1) Do you think the actions taken by the authorities were right?
2) Can early intervention prevent the "systemic risk" this time?
3) What are your moves when the market opens on Monday?
In a Twitter post, Bill Ackman, founder of Pershing Square Capital Management, said that when the new entity replacing SVB begins operating on March 13, the FDIC will announce that they will immediately pay about 50% of their funds to depositors.
Michael Burry was among the few dissenting voices to the emergency plan and tweeted, "2000, 2008, 2023, it is always the same. People full of hubris and greed take stupid risks, and fail. Money is then printed. Because it works so well."
1) Do you think the actions taken by the authorities were right?
2) Can early intervention prevent the "systemic risk" this time?
3) What are your moves when the market opens on Monday?
The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and U.S. Treasury announced the crypto-friendly lender Signature Bank's closure under a "systemic risk exception" Sunday (March 12) evening, two days after the collapse of Silicon Valley Bank.
In a Twitter post, Bill Ackman, founder of Pershing Square Capital Management, said that when the new entity replacing SVB begins operating on March 13, the FDIC will announce that they will immediately pay about 50% of their funds to depositors.
Michael Burry was among the few dissenting voices to the emergency plan and tweeted, "2000, 2008, 2023, it is always the same. People full of hubris and greed take stupid risks, and fail. Money is then printed. Because it works so well."
1) Do you think the actions taken by the authorities were right?
2) Can early intervention prevent the "systemic risk" this time?
3) What are your moves when the market opens on Monday?
In a Twitter post, Bill Ackman, founder of Pershing Square Capital Management, said that when the new entity replacing SVB begins operating on March 13, the FDIC will announce that they will immediately pay about 50% of their funds to depositors.
Michael Burry was among the few dissenting voices to the emergency plan and tweeted, "2000, 2008, 2023, it is always the same. People full of hubris and greed take stupid risks, and fail. Money is then printed. Because it works so well."
1) Do you think the actions taken by the authorities were right?
2) Can early intervention prevent the "systemic risk" this time?
3) What are your moves when the market opens on Monday?
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03/13 07:51
Signature Bank Closed By Regulators, Fed Announces Backstop To Safeguard Depositors
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ColumnLessons From SVB’s Failure
History is unfolding before us, and we have been chosen as witnesses.
The fallout from SVB's collapse still looms over the market. Not sure how the bank runs will affect the rest of the U.S. banking sector, especially some smaller banks. Global financial stocks have lost $465 billion in market value so far as investors cut exposure to lenders following the collapse of Silicon Valley banks, according to a Bloomberg news report on March 14, 2023.
Now is not the time to be...
The fallout from SVB's collapse still looms over the market. Not sure how the bank runs will affect the rest of the U.S. banking sector, especially some smaller banks. Global financial stocks have lost $465 billion in market value so far as investors cut exposure to lenders following the collapse of Silicon Valley banks, according to a Bloomberg news report on March 14, 2023.
Now is not the time to be...
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Regulators close crypto-focused Signature Bank, citing systemic risk
U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis.
"We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority," Treasury, Federal Reserve, and FDIC said in a joint statement Sunday evening.
The banking regulators said depositors at S...
"We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority," Treasury, Federal Reserve, and FDIC said in a joint statement Sunday evening.
The banking regulators said depositors at S...
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Say goodbye to the crypto market.
Crypto is being removed and digital dollar is one step closer to 100% implementation. All digital banks have already begun.
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Wall St sinks on jitters about banks after mixed jobs report
- U.S. job growth beats expectations, wage growth slows
- Bank stocks fall with regionals underperforming
- California regulator shuts SVB after capital raise failed
- JPMorgan, Wells Fargo gain, Signature, First Republic dive
- Indexes down: $Dow Jones Industrial Average(.DJI.US$ 1.07%, $S&P 500 index(.SPX.US$ 1.45%, $Nasdaq Composite Index(.IXIC.US$ 1.76%
Wall Street's indexes ended down more than 1% on Friday after investors ran f...
- Bank stocks fall with regionals underperforming
- California regulator shuts SVB after capital raise failed
- JPMorgan, Wells Fargo gain, Signature, First Republic dive
- Indexes down: $Dow Jones Industrial Average(.DJI.US$ 1.07%, $S&P 500 index(.SPX.US$ 1.45%, $Nasdaq Composite Index(.IXIC.US$ 1.76%
Wall Street's indexes ended down more than 1% on Friday after investors ran f...
9
Silicon Valley Bank $SIVB is in trouble.
$SVB Financial(SIVB.US$ It sold off a $21 billion bond portfolio for a huge loss to shore up liquidity.
The market is worried and the stock is down 54% today.
Here’s what you should know
1.Silicon Valley Bank announced that it completed a firesale of its $21 billion AFS bond portfolio.
The bank took a massive $1.8 billion loss on the sale.
That’s more than the net income of the entire company in 2021 ($1.5 billion).
(AFS = Available-for-sale)
2. Now SVB i...
The market is worried and the stock is down 54% today.
Here’s what you should know
1.Silicon Valley Bank announced that it completed a firesale of its $21 billion AFS bond portfolio.
The bank took a massive $1.8 billion loss on the sale.
That’s more than the net income of the entire company in 2021 ($1.5 billion).
(AFS = Available-for-sale)
2. Now SVB i...
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最详细的解读分析，谢谢
U.S. Regulators Take Action to Prevent Banking Crisis Following SVB Crash
Following the collapse of Silicon Valley Bank on Friday, U.S. regulators have taken control of Signature Bank, which provides banking services to cryptocurrency companies. Emergency measures have been introduced to support uninsured depositors at both banks and provide additional funding to the banking system. SVB and Signature Bank have been identified as a risk to the financial system, enabling regulators to backstop unin...
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Bitcoin Surges 18% to Above $24K
$Bitcoin(BTC.CC$ , the world’s largest cryptocurrency by market capitalization, surged 18% to over $24,200 over the past 24 hours even as fallout from the implosion of $SVB Financial(SIVB.US$ widened
The reasons for the upturn are still unclear, particularly as cryptos often decline during periods of unrest in financial markets. But the surge has come amid the sort of short squeeze that historically sends prices higher. Data from Coinglass shows that traders li...
The reasons for the upturn are still unclear, particularly as cryptos often decline during periods of unrest in financial markets. But the surge has come amid the sort of short squeeze that historically sends prices higher. Data from Coinglass shows that traders li...
7
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Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors
Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the bank’s U.K. arm.
$Bitcoin(BTC.CC$ was up nearly 10% at 3 a.m ET at $22,560.20, its highest level in 10 days.
The U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corporation said Sunday that depositors of SVB will have access to all of their ...
$Bitcoin(BTC.CC$ was up nearly 10% at 3 a.m ET at $22,560.20, its highest level in 10 days.
The U.S. Treasury, Federal Reserve and Federal Deposit Insurance Corporation said Sunday that depositors of SVB will have access to all of their ...
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Warren Buffett said Bitcoin is Rat Poison.
So Warren Buffett said that $Bitcoin(BTC.CC$ is Rat Poison. He may have hit the nail on the head with that though for other reasons.
Bitcoin is counter to everything centric banking is about. It's deflationary, can't be shut down, no bailouts required, makes the owner of bitcoin their own banker and cuts out the middle man. It's doesn't ask for trust nor will there ever be a need for trust.
There's been uptick in people withdrawing money from banks an...
Bitcoin is counter to everything centric banking is about. It's deflationary, can't be shut down, no bailouts required, makes the owner of bitcoin their own banker and cuts out the middle man. It's doesn't ask for trust nor will there ever be a need for trust.
There's been uptick in people withdrawing money from banks an...
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