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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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1 posted on 03/10/2023 1:19:42 PM PST by RomanSoldier19
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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.)
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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.)
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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.....................)
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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)
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To: Red Badger

Echo …. Your question


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.)
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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” )
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To: Red Badger

Over 100 billion in assets is small?


8 posted on 03/10/2023 1:26:22 PM PST by LukeL
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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)
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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)
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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")
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To: BipolarBob

Me too.


12 posted on 03/10/2023 1:31:45 PM PST by Afterguard
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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


13 posted on 03/10/2023 1:32:12 PM PST by Sarah Barracuda
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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")
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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.
15 posted on 03/10/2023 1:38:05 PM PST by rollo tomasi
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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.)
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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.)
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To: BipolarBob

My Colt’s, Winchesters and Browning Hi-Powers are up.


18 posted on 03/10/2023 2:33:56 PM PST by Dusty Road (")
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To: BipolarBob

I used to have some. Should’ve kept it.


19 posted on 03/10/2023 2:35:49 PM PST by Migraine
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To: Dusty Road

Brass
Lead
Copper Are secured 😎.


20 posted on 03/10/2023 2:39:15 PM PST by Big Red Badger (The Truman Show)
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