Cambria Investment Management CIO and co-founder Meb Faber reacts to the Silicon Valley Bank collapse and casts his market predictions on ‘Barron’s Roundtable.’
"All depositors of this institution will be made whole," the joint statement read. "As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer." Founded in 2001, the New York-based Signature Bank was popular among crypto companies. The institution provided deposit services for its clients’ digital assets but did not make loans collateralized by them. Leading up to SVB’s collapse, the bank said it had been trying to reduce these deposits.
"We have built a strong reputation serving commercial clients through nine business lines and reached in excess of $100 billion in assets by continually executing our single-point-of-contact, relationship-based model where banking teams are capable of meeting all client needs."
This is so fishy smelling what are they up to? Not good
Eliminating fed oversight of banks definitely helped cause the bank failures
Condolences to New Yorker Signature Bank's & Silicon Valley Bank's brokers, bankers & employees. NewYorkerSignatureBank SiliconValleyBank
HSBC bails out SVB in the UK. This is a worldwide collapse. Hang on because more is coming. Way to go Joey.
'How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise' via Forbes
Where are the Senators from California? AWOL!!!😡😡😡
Barney Frank Bank. Who wrote Dodd-Frank. But irony doesn’t work with liberals.
Maybe they can all move back with their moms
As if the left are blaming Trump 🤣
But the sanctions on Russia are working though, right 🤣🤣🤣🤣🤣
Bank back better 🤣
This is sad 😔
Is it normal to stay in the hospital for over a month for depression
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Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, SilvergateState authorities closed Signature Bank Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008...
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S. Treasury says Silicon Valley Bank, Signature Bank 'not being bailed out'New policies adopted on Sunday by U.S. banking regulators will 'wipe out' equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer deposits, a senior U.S. Treasury official said. Still a BAIL OUT no matter how you word it, are they redefining the meaning of BAIL OUT now! What? Is it or not? After the bankruptcy of the SVB bank, Americans began to queue in front of other banks to withdraw their money. It is thought that there will be a second economic crisis after the 2008 Lehman Brothers crisis. Is America sinking?
Source: Reuters - 🏆 2. / 97 Read more »
Regulators close New York's Signature Bank following Silicon Valley Bank collapseThe New York Department of Financial Services announced on Sunday that it has taken possession of Signature Bank and appointed the Federal Deposit Insurance Corporation (FDIC) as the bank's receiver. Impeach Biden and arrest Dr Fauci Thank you for sharing this update. It's important to stay informed about changes in the banking industry and how they may impact individuals and businesses. I appreciate the work of the New York Department of Financial Services and the FDIC in addressing this situation.
Source: CBSNews - 🏆 87. / 68 Read more »
Regulators shut down Signature Bank two days after Silicon Valley Bank collapseFederal and state banking regulators announced Sunday that Signature Bank, one of the main financial institutions for cryptocurrency firms, had been shut down. Lol
Source: dcexaminer - 🏆 6. / 94 Read more »
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge Biden’s America. Are we having fun yet? bank crooks with silicon valley tech libs. boo hoo The money in SVB most are richest's and oversea dirty money from CCP families. Let it fail.
Source: WSJ - 🏆 98. / 63 Read more »
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank. We need to stop bailing out banks and put these people in prison. ESG... killed the banking star....ESG killed the banking star. Too soon? Come on its a throw back to the 80s.
Source: AKNewsNow - 🏆 460. / 53 Read more »