[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could be withdrawn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...hares-sell-off



[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]

Originally Posted by Alf

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]

Originally Posted by bitontheslide

it's a small bank

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


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[bots]

Originally Posted by Zizu

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


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

[Zizu]

Originally Posted by bitontheslide

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]

Originally Posted by bitontheslide

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


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[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

[Bank of England Governor Andrew Bailey
"were up late last night" and have been
"working through the weekend to come up
with a solution" to the
collapse of Silicon Valley Bank UK]


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

[Zizu]

Originally Posted by 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

[Bank of England Governor Andrew Bailey
"were up late last night" and have been
"working through the weekend to come up
with a solution" 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]

Originally Posted by Zizu

So they want us to save them ??


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its the uk subsidiary

[Alf]

Originally Posted by 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]

Originally Posted by Zizu

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]

[Cherie]

HSBC have bought the bank ...contagion averted

[AnnieK]

Originally Posted by Cherie

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]

Originally Posted by AnnieK

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

Originally Posted by Zizu

Hurrah


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Hurrah indeed ...

[user104658]

Originally Posted by Alf

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...-bank-12832697

[user104658]

Originally Posted by 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...-bank-12832697

I'd have given them £1.50...

[Zizu]

Supposedly TWO American banks have collapsed not just one …


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