Silicon Valley Bank is Dead

Discussion in 'The Mainboard' started by Menelaus, Mar 10, 2023.

  1. GoodForAnother

    GoodForAnother willing and able to assist in an emergency
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  2. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
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    When the fuck is robinhood getting shut down?

     
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  3. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    This happened with the AMC/Gamestop shit a couple years ago.
     
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  4. GoodForAnother

    GoodForAnother willing and able to assist in an emergency
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    FDIC doesn’t plan to recover from private excess deposit bonds at Signature and SVB, a rare dub for the persecuted insurance industry
     
  5. Volholic16

    Volholic16 Well-Known Member
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    First Republic Bank is looking at options including a sale, per Bloomberg. Their rating was downgraded today by Fitch and S&P due to funding and liquidity issues.
     
  6. ~ taylor ~

    ~ taylor ~ Boom... head shot.
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    A buddy pulled a bunch of his companies' account out of there earlier in the week.
     
  7. user15000

    user15000 Well-Known Member

  8. Hoss Bonaventure

    Hoss Bonaventure I can’t pee with clothes touching my butt
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  9. user15000

    user15000 Well-Known Member

  10. BP

    BP Bout to Regulate.
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    But I thought capitalism was supposed to cut throat and ruthless.


     
  11. NothingIsOT

    NothingIsOT Prom pic
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    Whatever gains from Tuesday to Thursday have been retraced to whatever it was Monday at close right now. Hope no one is a bag holder on this one.
     
  12. Bricktop the white

    Bricktop the white Well-Known Member

    i'm still up on KRE, bought long calls.

    Lost 500 bucks gambling on FRC though.
     
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  13. BP

    BP Bout to Regulate.
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  14. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    All because their huge Saudi investor let slip a comment at a random conference
     
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  15. DollarBillHokie

    DollarBillHokie Usher is the worst
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    He’s said the same thing plenty of times before that.
     
  16. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    Timing a bit different this week..
     
  17. user15000

    user15000 Well-Known Member

    Nah. CS has been a mess for a long time and the subject of plenty of people calling for their downfall.
     
    Gallant Knight likes this.
  18. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    they aren't doing this out of kindness, its about self preservation
     
  19. Gallant Knight

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    Not sure about self preservation, but banks failing is not good for other banks.
     
  20. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    I understand that. This week is specifically related to investor sell off after that conference
     
  21. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    That sounds like self preservation to me
     
  22. Gallant Knight

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    Preserving their stonk price
     
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  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  24. Doc Louis

    Doc Louis Well-Known Member
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    Yikes. Working with all those tech companies and couldn't be bothered to automate basic reporting.
     
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  25. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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    Move over wokeness



    The real reason executives did everything to avoid risk management was remote work
     
  26. Josey Wales

    Josey Wales Well-Known Member
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    Sure. Well name a time a bank failed before employees were as remote as they are now. Go ahead. I’ll wait!!!

    :yousoricky:
     
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  27. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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  28. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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    FTR that account is either a bot or just incredibly stupid. I. Not saying anything about this tweet in particular but it shows with the account overall.



     
  29. NothingIsOT

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    Fuck! I was ready to play a bounce on FRC this morning and I had a call at 930 and forgot about it. Damn it.