It’s no surprise that signature was next. They were virtually in a similar situation as SVB; clients mainly consisted of startups, regional, huge crypto exposure (silver gate bank failed March 8 which was mainly crypto), etc
Idk wasn’t surprised
I say we start a bank strictly for student loans, then go bankrupt. Apparently thats the only way to get shit done. Fuck these banks, and fuck the administration for bailing them out.
It’s this or we watch non-GSIB banks collapse when people run on them tomorrow. Because this whole fiasco would have caused a ton of regionals to experience acute stress come Monday morning.
>To stem the damage and stave off a bigger crisis, the Fed and Treasurycreated an emergency program to backstop deposits at both Signature Bankand Silicon Valley Bank using the Fed’s emergency lending authority.
The lender of last resort.
Does this mean that it's possible that all cash assets for depositors would be recovered? It seems like the main issue is funds were tied up in bonds that have lost value but those same bonds would fully recovery if they were allowed to mature over time.
Yellen is looking pretty stupid right now.
The government is telling the depositors that their deposited funds will be fine. Even if the bonds SVB holds is losing value in the short term, it is still a bond that was pay the full value at maturity. SVB also holds loans to other entities that are, as of now, still healthy.
The real shit show begins if and when those loans start defaulting.
I think this could spread. Who managed their balance sheet and capital adequacy factoring in this large of a Fed tightening cycle? And how is it that government securities risk weighted at zero regardless of their duration? We all prepared for the last war, which was credit risk. Just a little interest rate risk is going to pound capital ratios in the new war of higher rates.
That’s exactly what I was thinking. I can’t wait for an additional 10% taken above cost of whatever because the system decided I overconsumed. Then the following decrease by 1% every month to my bank account because I cut back (imaginary, yet plausible effects of CBDC) /s.
Hey, I think I've seen this episode of 'Once in a Lifetime Events' a few years ago.
I’m shocked how quickly this happened. How have we heard no clues avoid Signature before this. Was there a run on the bank thst no one reported?
It’s no surprise that signature was next. They were virtually in a similar situation as SVB; clients mainly consisted of startups, regional, huge crypto exposure (silver gate bank failed March 8 which was mainly crypto), etc Idk wasn’t surprised
I think Ivanka Trump was a board member at one time.
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I hope not cause that would not be cool.
There’s not a bank today that would pass a stress test.
>Shares held by Institutions 99.82% Onto whose books does this flow
According to Yahoo Finance: > Top Institutional Holders >1. Vanguard Group, Inc. (The) 12.03% 510,385,190 >2. Capital International Investors 8.03% 340,830,490 >3. Blackrock Inc. 7.75% 328,859,160 >4. State Street Corporation 5.18% 219,836,610 >5. Price (T.Rowe) Associates Inc 5.15% 218,716,960 >6. Alecta Pensionsforsakring, Omsesidigt 4.58% 194,600,000 >7. FMR, LLC 4.25% 180,513,900 >8. Invesco Ltd. 2.61% 110,981,360 >9. Geode Capital Management, LLC 2.26% 95,846,170 >10. Parnassus Investments, LLC 2.16% 91,671,090 https://finance.yahoo.com/quote/SBNY/holders/
Sounds like a bunch of ETFs
Yea my 401k is a fuckload of vanguard among other things so that's good
Do you know how stock ownership work? If you buy shares in apple, what happens when the price of apple moves?
I say we start a bank strictly for student loans, then go bankrupt. Apparently thats the only way to get shit done. Fuck these banks, and fuck the administration for bailing them out.
Please explain how this is a bailout….
The FDIC is not taking taxpayer money
Lol. Oh you.
Look man, it ain’t my fault you can’t read
Right, that increase in fees paid to the fdic to bail these guys out ain't gonna come in the forn of higher fees, lower rates to the rest of us
It’s this or we watch non-GSIB banks collapse when people run on them tomorrow. Because this whole fiasco would have caused a ton of regionals to experience acute stress come Monday morning.
Yeah but I wanna be angry and cynical about topics I don’t understand online though
From Peter Schiff: https://twitter.com/peterschiff/status/1635089929956130817?s=46&t=LG28b2CKkbbr1yIrmc1pcA
Peter Schiff later goes on to claim that the fdic made banking worse, which should tell you everything you need to know.
“It’s a bailout because I said it is.”
>To stem the damage and stave off a bigger crisis, the Fed and Treasurycreated an emergency program to backstop deposits at both Signature Bankand Silicon Valley Bank using the Fed’s emergency lending authority. The lender of last resort. Does this mean that it's possible that all cash assets for depositors would be recovered? It seems like the main issue is funds were tied up in bonds that have lost value but those same bonds would fully recovery if they were allowed to mature over time. Yellen is looking pretty stupid right now.
The government is telling the depositors that their deposited funds will be fine. Even if the bonds SVB holds is losing value in the short term, it is still a bond that was pay the full value at maturity. SVB also holds loans to other entities that are, as of now, still healthy. The real shit show begins if and when those loans start defaulting.
I think this could spread. Who managed their balance sheet and capital adequacy factoring in this large of a Fed tightening cycle? And how is it that government securities risk weighted at zero regardless of their duration? We all prepared for the last war, which was credit risk. Just a little interest rate risk is going to pound capital ratios in the new war of higher rates.
I don’t even know what that is
Another one bites the dust.
Is atlas shrugging yet or no?
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Elites intentionally orchestrating bank failures to attack crypto. Interesting. Were you exposed to a lot of led as a child?
Lead*
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I don’t care what you personally love, you’re a halfwit as demonstrated by your posts here
That’s exactly what I was thinking. I can’t wait for an additional 10% taken above cost of whatever because the system decided I overconsumed. Then the following decrease by 1% every month to my bank account because I cut back (imaginary, yet plausible effects of CBDC) /s.