BANK RUNS BEGIN: Wealth Transfer Next | Robert Kientz
- Thread starter ozcopper
- Start date
https://www.zerohedge.com/markets/record-bank-run-drained-quarter-or-42-billion-svbs-deposits-hours-leaving-it-negative-1bn
https://www.zerohedge.com/markets/worst-lehman-banks-break-world-again
https://www.zerohedge.com/markets/expect-mass-layoffs-real-world-impact-svbs-failure
https://www.zerohedge.com/markets/silicon-valley-bank-crashes-65-halted-pending-news
https://www.zerohedge.com/markets/worst-lehman-banks-break-world-again
https://www.zerohedge.com/markets/expect-mass-layoffs-real-world-impact-svbs-failure
https://www.zerohedge.com/markets/silicon-valley-bank-crashes-65-halted-pending-news
its a situation created by the Fed in the name of fighting inflation, created during covid unlimited stimulus,
when interest rate was paying 1.5%, if you have a bond, then it really looks bad on you now, since the rate is paying you 4%. for a small investor, you really have no choice but to hold the bond till maturity till 2026 and keep your capital $1,000 and small 1.5% interests each year. but if you cannot blame yourself enough, then cut loss for $100 and get back your $900 capital and never to see any cent of your interest till 2026.
So in the case of svb, the depositors must withdraw and put their $$$ in Tbill to get their 4%
svb holdings the lower rates bonds is forced to cut a deep loss, to pay back!!!
it is a similar situation when the rates keep going up in the Fed, small banks are competing directly with the Fed and in the process, they go UNDER. LOL
all smaller banks are in similar situation, the RUN is on all of them
when interest rate was paying 1.5%, if you have a bond, then it really looks bad on you now, since the rate is paying you 4%. for a small investor, you really have no choice but to hold the bond till maturity till 2026 and keep your capital $1,000 and small 1.5% interests each year. but if you cannot blame yourself enough, then cut loss for $100 and get back your $900 capital and never to see any cent of your interest till 2026.
So in the case of svb, the depositors must withdraw and put their $$$ in Tbill to get their 4%
svb holdings the lower rates bonds is forced to cut a deep loss, to pay back!!!
it is a similar situation when the rates keep going up in the Fed, small banks are competing directly with the Fed and in the process, they go UNDER. LOL
all smaller banks are in similar situation, the RUN is on all of them
US Signature Bank shut down by regulators, days after SVB collapses
A third US bank has toppled in as many days as shockwaves have been sent around the world.
On Monday morning Australian time, New York-based Signature Bank collapsed, after a massive stock plunge.
US regulators said state authorities had to intervene and shut down the bank.
Signature Bank was a traditional banking institution and was federally insured but it was well known for being a primary lender for digital assets, including cryptocurrency exchanges.
The US Treasury, Federal Reserve, and Federal Deposit Insurance Corporation said in a joint statement that the bank had officially closed for good.
?Signature Bank, New York, New York, ? was closed today by its state chartering authority,? they wrote.
More: https://www.news.com.au/finance/business/banking/us-signature-bank-shut-down-by-regulators-days-after-svb-collapses/news-story/a31b2ad2158151bf91acf811da1be7e6
A third US bank has toppled in as many days as shockwaves have been sent around the world.
On Monday morning Australian time, New York-based Signature Bank collapsed, after a massive stock plunge.
US regulators said state authorities had to intervene and shut down the bank.
Signature Bank was a traditional banking institution and was federally insured but it was well known for being a primary lender for digital assets, including cryptocurrency exchanges.
The US Treasury, Federal Reserve, and Federal Deposit Insurance Corporation said in a joint statement that the bank had officially closed for good.
?Signature Bank, New York, New York, ? was closed today by its state chartering authority,? they wrote.
More: https://www.news.com.au/finance/business/banking/us-signature-bank-shut-down-by-regulators-days-after-svb-collapses/news-story/a31b2ad2158151bf91acf811da1be7e6
UK scrambles to help tech firms after Silicon Valley Bank collapse
The government says it is working "at pace" on a plan to prevent UK tech firms caught in the collapse of Silicon Valley Bank from running out of cash.
The Treasury said it wanted to "minimise damage to some of our most promising companies in the UK" after the US bank's failure on Friday.
Firms could start to run into problems on Monday morning without intervention.
US regulators shut down the lender on Friday in what is the largest failure of a US bank since 2008.
The bank's UK subsidiary will be put into insolvency from Sunday evening.
Prime Minister Rishi Sunak, Chancellor Jeremy Hunt and 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, Mr Hunt told the BBC's Sunday with Laura Kuenssberg programme.
https://www.bbc.com/news/business-64930944
The government says it is working "at pace" on a plan to prevent UK tech firms caught in the collapse of Silicon Valley Bank from running out of cash.
The Treasury said it wanted to "minimise damage to some of our most promising companies in the UK" after the US bank's failure on Friday.
Firms could start to run into problems on Monday morning without intervention.
US regulators shut down the lender on Friday in what is the largest failure of a US bank since 2008.
The bank's UK subsidiary will be put into insolvency from Sunday evening.
Prime Minister Rishi Sunak, Chancellor Jeremy Hunt and 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, Mr Hunt told the BBC's Sunday with Laura Kuenssberg programme.
https://www.bbc.com/news/business-64930944
Fed will pay the svb depositors. 
why they did not do the same with BS, in 2008
they have to bail out their buddies, when killing their competitors
it was cheaper to pay depositors then, but it is cheaper to kill svb now
Fed loves their expensive ones
why they did not do the same with BS, in 2008
they have to bail out their buddies, when killing their competitors
it was cheaper to pay depositors then, but it is cheaper to kill svb now
Fed loves their expensive ones
