[ConservativeInPA]

But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week that the central bank may have to speed up the increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.

Is this a harbinger of more problems? Not mentioned in the article is the high level of consumer debt, particularly subprime debt. Auto repos are up and increasing. Just wait until unemployment kicks in.

[Openurmind]

The next step in the Communist take over. Confiscation of banks by the state. And they have to get it done before 2024.

[caww]

Article says “there are “a few” banks the department is closely watching”.....

Which means they’re likely on the edge....wonder which ones?.

[Paladin2]

Why didn’t the California billionaire Venture Capitalists and “High” Tech Oligarchs bail this bank out?

[jocon307]

“Is this a harbinger of more problems?”

How can it not be? And, Silicon Valley? Are those folks no longer rolling in dough?

Plus, Yellin basically says that other banks are in difficulty.

What did anyone think would happen? The completely corrupt Dem party (see tagline) finagled to install a demented old moron, a man evidently of great corruption himself, in the WH.

They did it to preserve their vast graft network and to protect their utter devotion to abortion among other not good, very bad things.

Now it seems like we are really going off the rails, literally and figuratively!

[momincombatboots]

A few years ago I noticed there were tons of “new” banks on every corner. Sometimes so close together to ring my alarm bells.
There cannot possibly be enough real worth to support this. I personally have a small amount in Chime. They state, they are not a bank. I wonder how many of these brick n mortar banks are just like Chime.
I have been happy with Chime for its specific purpose.

[joe fonebone]

Banks invest in stuff...
Show me the top 5 investments..
I bet 3 of them are woke crap..

[COBOL2Java]

"Trump's fault!"

[lgjhn23]

Cripto banks are the “canary in the mine”.
Things could get pretty rough very soon....and FJB

[wardamneagle]

Banks loosing their ass on woke ESG BS...no return on capital.

[minnesota_bound]

Cramer knew this bank was failing but some money probably was slipped to him made him promote the bank.... He is always doing this. Do the opposite of what he says and I suspect you would make a fortune.

Inverse Cramer (Not Jim Cramer)
@CramerTracker

Jim Cramer said Silicon Valley Bank was a buy last month at $320

Today it is being closed by California regulators
https://twitter.com/CramerTracker/status/1634237672997699602

[Brandonmark]

Silicon Valley Bank was founded in 1983 by Bill Biggerstaff and Robert Medearis over a poker game

Texas HOLD’EM ?

[x]

2022: SBF
2023: SVB