Posted on 03/13/2023 7:51:03 AM PDT by Red Badger
Shares in Western Alliance Bancorp are getting hammered as smaller lenders come under pressure after the failure of Silicon Valley Bank.
The Arizona-based bank's stock plunged 83% to $7.84 on Monday, following a 21% slide on Friday.
US regional banks have fallen victim to SVB's sudden meltdown, with First Republic Bank shares tumbling 78% and PacWest Bancorp down 53% on Monday.
That poor showing comes despite efforts to ease investor concerns that other banks would be hit by the same problems suffered by SVB. On Sunday, Signature Bank became the third lender to shut its doors in the space of a week, after crypto-friendly bank Silvergate closed voluntarily.
On Friday, SVB was closed by regulators and put under the control of The Federal Deposit Insurance Corporation after That followed a tumultuous few days for SVB, which saw a call for capital fail and a rush of depositors withdrawing their funds.
(Excerpt) Read more at markets.businessinsider.com ...
[It’s called CBDC. That “One Bank” is connected to all.]
Precursor to a One World Banking System - no reserve, no exchange ratios - to make Globalism easier......
True however much deeper this is a DOUBLE backdoor theft by the Quasi-Monopoly “banking” to steal: how?....
...the regular folks the essential worker is going to lose their 1040s refunds through these “fees” wording and many won’t recognize this. Billions of $$
Quite insidious.
Like he said there’s no border crisis, inflation is not bad, Afghanistan was a victory, Hunter is innocent, I didn’t know about the classified docs, Fentanyl is harmless, spy balloons are not spy balloons, and Kamala is a genius.
What else can he eff up?
Genentech, first biotech to go public, Oct. 1980.
Stock soared on day one and trading was halted.
The more I think about it, I believe that trading was halted in about 20 minutes of the open (it was an ipo) It opened at $35 and went well over $80 when trading was halted. IIRC, Goldman underwrote the one million shares offered but held back for itself about half from trading.
It was a long time ago, so some of the minutia of this may be off, but basically it’s just an example I remember. Too lazy to look it up.
Crypto is a competitor of their fascist digital dollar.
We both know the feds love monopolies as long as it’s their monopoly
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