How Silicon Valley Bank and Signature Bank compare to Bank of America, Chase and others
💁🏻 Venture capitalists soaked up ten year bonds and used them as a moneymaking strategy since 2020, but then rates rose and kept rising, and they became worthless, so what do they do? They say the bank can't pay for the assets held in accounts, so there might be a bank run.
@NYDFS had a "crisis of confidence" in Signature Bank's leadership due to a lack of reliable data from the bank over the weekend, the regulator said. It rejected claims that it shuttered Signature due to crypto. @nikhileshde reports
A Bank Crisis Was Predictable. Was the #Fed Lying or Blind?
Innovation Beat: For Boston’s startup community, the sudden failure of Silicon Valley Bank could hardly have come at a worse time.
Democrats Propose Reversal of Trump-Era Bank Rule After SVB Collapse
DOJ and SEC are investigating Silicon Valley Bank's failure
🤩 Big WIN in west London
reminder that Trump’s personal loan officer at Deutsche Bank was SCOTUS Justice Kennedy’s son
The fires across the West Coast are just the latest examples of the very real ways our changing climate is changing our communities. Protecting our planet is on the ballot. Vote like your life depends on it—because it does.
Another HISTORIC breakthrough today! Our two GREAT friends Israel and the Kingdom of Bahrain agree to a Peace Deal – the second Arab country to make peace with Israel in 30 days!
Kanye West performs “Jesus Walks” on James Corden’s first Airpool Karaoke ??