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 ...
if you think the 16th largest bank in the USA is small, then yes.
It’s a Wonderful Life.......................Where’s Clarence?........................
Its funny how the left is always going on and on and on about how much they despise the rich..how the rich “Need to pay their fair share” yet here you have rich corporations in financial trouble and here you have the left bailing their asses out..I guess hating the rich depends on which political donors they give to
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