European banking stocks sink as fears around Silicon Valley Bank spread around the world. CNBC’s Julianna Tatelbaum reports.
European banking stocks fall over 4% in early trade Friday
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European banking stocks sink as fears around Silicon Valley Bank spread around the world. CNBC’s Julianna Tatelbaum reports.
Financial crisis 2.0 coming?
of course.
Peter Theil though WANTS SVBs clients as he does VC funding and SVB is more of a VC than a bank, they simply ALSO bank those they fund. Peter causing shit as he sees a way to steal clients. Unsure how thats not illegal, thats market manipulation. id bet my life he was shorting while on TV.
Cue all the so-called ‘value investors’ who, after 5 years of buying into one of the most ridiculous clown markets, have lost their shirt.
Years ago I worked in tech startups (before such a term existed) and this story seems odd to me. When VCs provide funding it of course has to go into a bank but clearly that’s not money that’s going to stay in the bank. The startup is gong to send that down pretty fast, like within a year. Hopefully the startup makes some progress and seeks another round of funding and the cycle repeats. Or once I was in a startup that was so poorly run the VCs took their remaining money back. Either way the money isn’t going to stay in the bank. Why would a bank who big chunk of deposits is that type of money invest in long term bonds? The only way that would work is if there werer always increasing VC money deposits which seems silly.
The next odd part is why would this VC/Startup thing at SVB cause a problem at other banks? I guess this fear is only based on rate differences which all banks use to make money and higher rates are causing their investment to go down. But gee, rates aren’t up that much. And it’s not like T bills are worthless. Scary story but is this an actual issue?
Or is this all investor panic that will lead to actual problems?
Only 4% should have been atleast 5.9%
Why didn’t these investors buy the t bonds / bills themselves what was the point of giving them to some dumb bank
Soft Landing
My ass
Democrats lingo of MILD recession;))
@S Suwandi let’s not pretend that trump did not deregulate the banks
It has begun 😊❤
No way, for real?)))
not sure if I like it or love it 😍
Woop! There it is!👀🙈
powel tnx u hahah
Fed caught between rock and hard place. They have run out of runway. Chickens coming home to roost. They must raise rates to quell aggressive PCE, PPI, and CPI inflation. Problem is our economy can not handle the the interest rate needed to dampen the true rate of inflation which is north of 12-14%, and not the phony stated 6.4%. Volker proved that interest rates need to be higher than inflation rate in order to curb inflation. Remember this post because you will be living it soon.
look like 2008 all over again!
Ladies and gentlemen fasten your seet belt’s please
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this is scary man
It was coming, by the thoughtless US government policy….curse for the US dollar and anybody that touching it.
People taking money out of banks due to you media you made crises with politic USA banks are sinking and not only banks but also tech like google meta etc.. the reason is simple instead of real people just bots and not real users not addressing complaints and wanting a platform like twitter the snakes will remain bigger snakes so nothing will help them. the only option is new companies with real people. An economy based on google meta and netflix can’t work it needs real people Take money from banks and support real people. Do not feed banks and bonds. They made trap. I love ya all Robbers stay robbers fuck them, take money out from banks. You made crises to cut more than half people out with censorship. You pay for it. All people taking money out from banks.