USA :SVB Bank & Signature Bank have gone under (UK Division bought for one pound)

[arista]

Up to $85,000
could be withdrawn
so yesterday, very fast rush to get that out


[Roku held nearly $500 million at Silicon Valley Bank
and does not know if it will recover the funds]


CNN Business


Terrible, it started on a Friday
letting Monday Banks Worldwide Panic.


[Silicon Valley Bank fails in
largest bank collapse since 2008 crisis

USA regulators seize SVB’s assets
after a run on the bank,
as global institutions monitor situation closely]

https://www.theguardian.com/business/2023/mar/10/european-markets-spooked-by-us-bank-shares-sell-off


https://pbs.twimg.com/card_img/1634345135679971336/Xx_FtnRR?format=jpg&name=small
[Silicon Valley Bank CEO Greg Becker
sold $3.6 million of company stock
under a trading plan less than
two weeks before the firm disclosed
extensive losses that led to its failure]

You Ass Wipe Greg Becker

[Alf]

The house of cards is collapsing.

Is this why Gary Lineker is the top story?

[Zizu]

According to a financial advisor on the radio yesterday this is really bad news for the UK


The majority of our UK Tech companies heavily invested in that bank and it collapses as expected then our Tech companies will go down with it ..


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[arista]

Yes Find out tomorrow
how loads of UK Tech companies
will also go under.

[arista]

The house of cards is collapsing.

Is this why Gary Lineker is the top story?


No,
it is because Banks like that are Monday to Friday Only.

[bots]

it's a small bank

[Zizu]

it's a small bank


.. .. which will apparently take down our tech industry when it goes …


Sent from my iPhone using Tapatalk Pro

[bots]

.. .. which will apparently take down our tech industry when it goes …


Sent from my iPhone using Tapatalk Pro

a bank going bust doesn't take down a business, it requires a lot of other things to happen too

[Zizu]

a bank going bust doesn't take down a business, it requires a lot of other things to happen too


I was just relaying what the economist said ..


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[bots]

the point is, it being a small bank, the actual funding involved is relatively small and can easily be covered by other lending institutions

[Zizu]

the point is, it being a small bank, the actual funding involved is relatively small and can easily be covered by other lending institutions


Well let’s hope so


Sent from my iPhone using Tapatalk Pro

[arista]

SkyNews reports
the Bank of London has put in a proposal
for the UK Division of the USA SVB bank.




The bank's UK subsidiary will be put
into insolvency from Sunday evening

Good Move

to the
collapse of Silicon Valley Bank UK]


https://www.bbc.co.uk/news/business-64930944

[Zizu]

SkyNews reports
the Bank of London has put in a proposal
for the UK Division of the USA SVB bank.




The bank's UK subsidiary will be put
into insolvency from Sunday evening

Good Move

to the
collapse of Silicon Valley Bank UK]


https://www.bbc.co.uk/news/business-64930944


So they want us to save them ??


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[bots]

So they want us to save them ??


Sent from my iPhone using Tapatalk Pro

its the uk subsidiary

[Alf]

The house of cards is collapsing.

Is this why Gary Lineker is the top story?I know now that I'm wrong about this being what the Gary Lineker story is a smokescreen for. This is probably now the next smokescreen.

How do I know that? You ask.

Simple, you're talking about it, which means this is an acceptable story that the Matrix allows you to speak about. It's that easy to figure out.

[arista]

So they want us to save them ??




Only the UK Part
not the USA mess



More,
are ready to rush to that bank
in the USA and get every cent out of it,
American panic as some possible big loses can go down.


Yellen claims all money is safe

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-d4dd30d7-78e5-4bd4-b857-44a8b9f0fe26.png

[Cherie]

HSBC have bought the bank ...contagion averted

[AnnieK]

HSBC have bought the bank ...contagion averted

And at no cost to the tax payer seemingly which is a relief

[Zizu]

Hurrah


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[Cherie]

And at no cost to the tax payer seemingly which is a relief

Hurrah


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Hurrah indeed ...:laugh:

[user104658]

Is this why Gary Lineker is the top story?

Because you're only looking at the tabloids and tabloid journalism is lowbrow. This story is all over the front page of every broadsheet newspaper.

[arista]

HSBC buys the UK arm of SVB


HSBC buys Silicon Valley Bank UK
for £1 in deal which 'protects customers
and taxpayers'


https://news.sky.com/story/hsbc-buys-silicon-valley-bank-12832697

[user104658]

HSBC buys the UK arm of SVB


HSBC buys Silicon Valley Bank UK
for £1 in deal which 'protects customers
and taxpayers'


https://news.sky.com/story/hsbc-buys-silicon-valley-bank-12832697

I'd have given them £1.50...

[Zizu]

Supposedly TWO American banks have collapsed not just one …


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[arista]

Supposedly TWO American banks have collapsed not just one …




https://apnews.com/article/silicon-valley-bank-uk-bailout-hsbc-sale-4d2da0e9c6f39c0fd8faf321a2b295cf

[Alf]

Is the Biden illegitimate Government gonna bail them out?

[Alf]

Didn't one of them shut down Donald Trumps account?

Go woke, go broke

[Alf]

1635294305039581184

[arista]

The 2nd USA Bank went under a few days after.

[Cryptocurrencies rally despite shutdown
of crypto friendly Signature Bank,
bitcoin breaks through $24,000]


https://www.cnbc.com/2023/03/13/cryptocurrencies-rally-despite-shutdown-of-crypto-friendly-signature-bank-bitcoin-jumps-10percent.html

[Zizu]

So are Bitcoins more volatile than normal now ??


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[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-95dced38-db56-4e4c-9bd7-531fd849bc13.png

[arista]

[Revealed: Erin Platts, the CEO of Silicon Valley Bank UK,
has abandoned plans to relocate to another
role at the technology-focused lender
after its £1 rescue by HSBC;
Platts will remain in place after talks with
HSBC executive Ian Stuart, insiders say.]

https://twitter.com/MarkKleinmanSky/status/1636017966121639938