[cityhantam]

BANK RUN USA PANIC - Second USA Bank Collapses in 3 Days, Run of Withdrawals Causes Liquidity Crisis
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[cityhantam]

More Bank Failures Are Imminent as Liquidity Crisis Exposes Major Problems With the Banks
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[singlon]

employees employed by Insurance FDIC at 1.5 will look at the numbers they r liabled to cover for 48hrs
let me guess: Holy s h i t
so much u want me to TUN-ed
U pay up ok
i let the s h i t spread

[cityhantam]

[cityhantam]

https://finance.yahoo.com/news/svb-fallo...31383.html
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[singlon]

3rd largest now shaking

[WhatDoYouThink!]

Many are already rotten inside, just waiting to inplode one by one

[Blasterlord2]

Hahaha. Last year someone posted about bank run in China.

[teaserteam]

It would be very surprising if NO US banks get closed down during a economic down turn.

For the 4 yr in 2008 to 2012, FDIC closed down 465 banks. This is because almost all the banks are privately owned. The FDIC insures up to $250,000 per depositor, per insured bank, as a result of the Emergency Economic Stabilization Act of 2008, which raised the limit from $100,000. One should expect more banks to be closed if the economy worsened.

https://en.wikipedia.org/wiki/List_of_ba...93present)

[Notdumb]

Hahaha. Last year someone posted about bank run in China.

Yalor and those same angmo cok suckers now say US bank run very common.

[cityhantam]

https://www.dailymail.co.uk/news/article...apsed.html

Contagion spreads: Desperate customers line up outside First Republic Bank to take their money out - after SVB bank collapsed and sent shockwaves through market

First Republic Bank customers lined up to withdraw their money Saturday

This comes a day after the collapse of Silicon Valley Bank on Friday

Both banks are associated with California's wine and tech industries

[[[ForeverAlone]]]

Bank of China is dam safe. No worry.

[cityhantam]

https://www.reuters.com/business/finance...023-03-10/

First Republic, Western Alliance seek to calm contagion worries from SVB meltdown

March 10 (Reuters) - U.S. lenders First Republic Bank (FRC.N) and Western Alliance (WAL.N) said on Friday their liquidity and deposits remained strong, aiming to calm investors worried of a spill-over of risks from troubled startup focused-bank SVB Financial Group (SIVB.O).

Shares of the three banks slumped between 20% and 60% in choppy trading that led to halts and resumptions.

The disclosures come after banking regulators shut California-based SVB after a failed share sale that triggered worries of a liquidity crisis, hammered bank stocks and rippled through global markets.

[cityhantam]

It would be very surprising if NO US banks get closed down during a economic down turn.

https://www.axios.com/2023/03/11/the-lar...in-history

The largest bank run in history

Silicon Valley Bank's customers withdrew $42 billion from their accounts on Thursday. That's $4.2 billion an hour, or more than $1 million per second for ten hours straight.

Why it matters: To put that in context, the previous largest bank run in modern U.S. history took place at Washington Mutual bank in 2008, and totaled $16.7 billion over the course of 10 days. That's a mere trickle in comparison to what was seen at SVB.

[grotesqueness]

https://youtu.be/Lz8U0x6-o8o?t=94

[cityhantam]

Strategist: ‘I would avoid’ every regional bank amid Silicon Valley Bank fallout
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[Migrant]

This will keep biden busy. 
No time to stir China. 
Pause for peace.

[debono]

This will keep biden busy. 
No time to stir China. 
Pause for peace.

With these banks falling down, Biden will be busy to tackle this issues.....................and not make trouble with China, we can have some peace in the meantime ...........

[cityhantam]

https://seekingalpha.com/news/3946661-bi...ws_metered&utm_medium=referral

Bill Ackman predicts more bank runs from Monday

Billionaire investor Bill Ackman expects more bank runs from Monday morning after Silicon Valley Bank, the California-based subsidiary of SVB Financial Group (NASDAQ:SIVB), collapsed following what turned out to be the largest bank run in U.S. history.

.....

“From a source I trust, (SVB) depositors will get ~50% on Mon/Tues and the balance based on realized value over the next 3-6 months,” Ackman tweeted on Saturday.

“If this proves true, I expect there will be bank runs beginning Monday am at a large number of non-SIB banks,” he said in a potential reference to the banks that are not systemically important to the financial system.

“Absent a systemwide (FDIC) deposit guarantee, more bank runs begin Monday am,” the Pershing Square founder wrote, adding, “no company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk.”

[mikotan]

Just need 1 rumour and there'll b massive banks run in the USA. This is worse than recession.

[cityhantam]

Inside the CRAZY Final Hours of SVB's Bank Run that Could END Silicon Valley
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[Niubee]

With these banks falling down, Biden will be busy to tackle this issues.....................and not make trouble with China, we can have some peace in the meantime ...........

China should keep selling their 800 billions bonds holding during this difficult times for America.

[cityhantam]

https://www.investors.com/etfs-and-funds...nk-stocks/

Silicon Valley Bank Panic Crashes 10 Bank Stocks — Is Yours OK?

Shares of 10 stocks in the financial sector of the S&P 500, S&P SmallCap 600 and S&P Midcap 400, including PacWest Bancorp (PACW), First Republic Bank (FRC) and Signature Bank (SBNY), Friday are down anywhere from 7% to 38% on the news.

Hardest hit is PacWest Bancorp. Shares of the Beverly Hills, Calif.-based commercial bank are down 37.9% just Friday. Investors are worried about the perceived risk of contagion, although there's no proof at this point whatsoever that will occur.

Also hard hit is First Republic, another commercial bank based in San Francisco. Shares are off more than 22%.

[kelhot2001]

This is literally good news handed to Wumaos on a silver platter, yet Wumaos not making good use of it.

Of course Wumaos should panic.

[Notdumb]

Why USA need thousands of useless banks?

[cityhantam]

This is literally good news handed to Wumaos on a silver platter, yet Wumaos not making good use of it.

Of course Wumaos should panic.

Time for your medicine! 

[debono]

China should keep selling their 800 billions bonds holding during this difficult times for America.

That action may cripple the American economy..........................

[Niubee]

That action may cripple the American economy..........................

Kicking enemies when they are in difficult times...

[WhatDoYouThink!]

Assmarycuns having a suay year 犯太岁？so many problems

[winbig]

They just need an excuse to print more money. No crisis no excuse.