Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil

Many bank stocks plummeted at the outset of this week but rallied on Tuesday, regaining much of their losses. The broad decline in early trading on Wednesday renewed fears of damage to the wider financial system.

a day earlier that it would launch a review of the "supervision and regulation of Silicon Valley Bank, in light of its failure." The Federal Deposit Insurance Corporation, which protects the stability of the financial system, took over Silicon Valley Bank on Friday in an effort to protect depositors. Later that day, the Fed announced an emergency lending program to cover the deposits at issue and restore wider confidence in the financial system.Still, the worldwide fallout in the banking sector appears ongoing.

Hooker

Incompetent leadership inspired by woke policies.

😂

Bring it all down

Don't forgot CreditSuisse which is happening right now.

It used to be that keeping money in a bank was not a risk but under Biden that has all changed.

Chaos and fear have set in

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Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government? charlesforelle According to your opinion piece it is because 12 white men weren’t running it. charlesforelle The Biden government's struggle? Had Dante lived, government would have been the stuff of the Divine Comedy. charlesforelle MeGain has a false ego. She thinks people want to hear her or see her. No one wants her around. She is fake and everything out of her mouth is a lie
Source: WSJ - 🏆 98. / 63 Read more »

Private credit emerges as a winner in Silicon Valley Bank collapseInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. DavosAgenda And this is why Capitalism is dead And this is why Capitalism is dead
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