Silicon Valley Bank collapse

[SoonerKA1999]

First Republic Bank is the next domino.

[Mixer!]

[ab5sr]

Biden is fttna speak - will mostly be that its Trump's fault I'm sure....

[theresonly187]

First Republic Bank is the next domino.

i was planning to short that one at the open......
oh well....always another opportunity

[Sooner5030]

I though SI (small bank in La Jolla) failed a few days before SVB. Maybe not.

[theresonly187]

it appears the market doesn't believe the treasury/fed that the banking system is in good shape....

[ab5sr]

"Rest assured". Hmm.

He blamed the previous administration. Nailed it!

[SoonerKA1999]

You're just waitin'.

[NickZepp84]

We are headed towards digital currency and ubi.

[SoonerKA1999]

Schwab is now looking suspect.

[SoonerKA1999]

Now Zion Bancorp is looking like another domino.

[SoonerKA1999]

Comerica Bank is also looking like another one...

[OUwasp]

We are headed towards digital currency and ubi.

Yeah, and I predict it won't take long for Uncle Sam to implement a social credit scoring system like Red China currently enjoys.

The tyranny of Groupthink is approaching.

[ab5sr]

First Republic Bank is the next domino.

Based in SF, stock value down 67%+

[TheBoots]

Schwab is now looking suspect.

Interesting write up why Schwab is getting dinged.

[bushmaster06]

What a shit show all around.

[Slytherin]

Too bad, so sad?

Ah. The woke shit I heard about.

And never trust a Gentile.

[TheBoots]

Distressed / Failing members of the 50 Largest US Banks

7. Schwab
17. Silicon Valley
23. First Republic
37. Signature
42. Zion
43. Comerica

[Omega Man]

I thought bonds went down when interest rates went up. So SVB bank must’ve known a year ago That interest rates were going to keep rising. What am I missing here?

[SoonerKA1999]

Remember "America's banking system is safe."

[SoonerKA1999]

I thought bonds went down when interest rates went up. So SVB bank must’ve known a year ago That interest rates were going to keep rising. What am I missing here?

These banks had exposure to crypto and they were lending on their crypto leverage. Silicon Valley Banks subsidiary 'Silvergate' had $18 Billion in crypto that they were leveraging and they took a $2.4 Billion hit in Q1. This is all stemming from the FTX Scandal and collapse. Many regional banks started engaging in crypto exchanges in the last 3 or 4 years. Their bond issues are symptomatic of the losses these banks sustained in crypto. With the rising interest rates, the problem is catching up to itself. There will be more banks that will collapse from it. The more conservative banks will be late to the party I suspect.

We haven't seen the issues with write offs on auto repos and the coming housing market collapse either.

Enjoy the decline!

[theresonly187]

I thought bonds went down when interest rates went up. So SVB bank must’ve known a year ago That interest rates were going to keep rising. What am I missing here?

what i've read is cash deposits have been dropping over time(from businesses...svb is primarily a commercial bank). svb was forced to sell bonds to raise cash reserves. they sold older bonds (which have a lower return than new bonds because yes...interest rates have gone up so much)..... and took a huge loss on them.
so the question is what is the truth. was the bank mismanaged? or is it a systemic problem due to inflation/current business environment.....and rising interest rates?

[Stinger_1066]

Interesting write up why Schwab is getting dinged.

Behind a paywall.

Can you give me a synopsis?

[MikeLucky]

Gee, who would have thunk that "printing" billions of dollars for 2 years to secure as many votes as possible would destroy the economy?

And, yes this almost certainly looks like the way the current administration will transition us from hard currency to digital currency. But, don't worry...... They are doing it to protect us.

Remember in 2020 when you couldn't turn around without hearing that who you vote for matters? Today we're finding out how true that statement was.

[theresonly187]

frc halted...
next shoe?

[SoonerKA1999]

I know what will fix this problem...

Send more money to Ukraine!

[SoonerKA1999]

frc halted...
next shoe?

More than FRC was halted.

[BirtDurglar]

I know what will fix this problem...

Send more money to Ukraine!

I was going to say hire more incompetent people based on the "merit" of being black, gay, trans etc.

[bushmaster06]

what i've read is cash deposits have been dropping over time(from businesses...svb is primarily a commercial bank). svb was forced to sell bonds to raise cash reserves. they sold older bonds (which have a lower return than new bonds because yes...interest rates have gone up so much)..... and took a huge loss on them.
so the question is what is the truth. was the bank mismanaged? or is it a systemic problem due to inflation/current business environment.....and rising interest rates?

Probably all of the above.

[traxx]

Ah. The woke shit I heard about.

And never trust a Gentile.

Isn't Gentile actually a Jewish surname? Someone correct me if I'm mistaken.

[Position Limit]

I was going to say hire more incompetent people based on the "merit" of being black, gay, trans etc.

You mean like the executive committee and the board of directors of SVB?

You might want to request an edit to your talking points memo.

[BirtDurglar]

You mean like the executive committee and the board of directors of SVB?

You might want to request an edit to your talking points memo.

Yes, just like SVB who was focusing on dogshit woke cultureand DIE initiatives for the last couple of years even gloating about it as they were collapsing.

[bushmaster06]

Yes, just like SVB who was focusing on dogshit woke cultureand DIE initiatives for the last couple of years even gloating about it as they were collapsing.

SVB bragged about having the first all-femal investment committee in the banking industry.

[Position Limit]

Yes, just like SVB who was focusing on dogshit woke cultureand DIE initiatives for the last couple of years even gloating about it as they were collapsing.

Ummm ok.

Where these same "initiatives" in place in the 1980s and 1990s during the S&L crisis? How about Lincoln Savings and Loan? Did they have a diverse woke board? Was Frank Keating woke? Bonus points for you...please educate me on how "cultureand DIE initiatives" led to a run on a bank? On earnings too? Back to the talking points for you.

[theresonly187]

SVB bragged about having the first all-femal investment committee in the banking industry.

what they really needed was the first all trans investment committee....

[Sooner in SoCal]

Gee, who would have thunk that "printing" billions of dollars for 2 years to secure as many votes as possible would destroy the economy?

And, yes this almost certainly looks like the way the current administration will transition us from hard currency to digital currency. But, don't worry...... They are doing it to protect us.

Remember in 2020 when you couldn't turn around without hearing that who you vote for matters? Today we're finding out how true that statement was.

And nothing that happened, say in late 2018, helped precipitate this mess.

Biden and this admin sucks (inflation reduction act, LMAO) as with the rest of the entire two party establishment. What's better is the constant finger pointing back and forth.

SVB got hammered because they loaded up on long term low rate vehicles in a rising rate market... genius. Look at most of the banks that are being smoked right now and the asset mix of investments.

Allowing banks into crypto... more genius level stuff. If there is one thing that is consistent with most banking management... they are greedy as fuck looking for the easy buck.

[Socalisooner]

SVB bragged about having the first all-femal investment committee in the banking industry.

I just heard the president say anybody who’s running the things at at these banks gonna get fired when the government has to take them over. I wonder how that will match up with females and their alphabet causes. As far as having women running things, I don’t know how that would’ve seemed like a good idea with each of them having one week a month being bat shit fucking crazy with their periods.

[Position Limit]

I just heard the president say anybody who’s running the things at at these banks gonna get fired when the government has to take them over. I wonder how that will match up with females and their alphabet causes. As far as having women running things, I don’t know how that would’ve seemed like a good idea with each of them having one week a month being bat shit fucking crazy with their periods.

Well played. Those positions were in name only. They were there to make sammiches. Also, how does one get fired from a company that has been shut down? More bonus points up for grabs, was diversity the cause of the Penn Square Bank collaspe? Fish. In. A. Barrel.

[BirtDurglar]

Ummm ok.

Where these same "initiatives" in place in the 1980s and 1990s during the S&L crisis? How about Lincoln Savings and Loan? Did they have a diverse woke board? Was Frank Keating woke? Bonus points for you...please educate me on how "cultureand DIE initiatives" led to a run on a bank? On earnings too? Back to the talking points for you.

What a dumbduck nonsense response. What did I say that you think you are responding to?
And read my question carefully. I asked what did I SAY not what stupid fantasy you made up.

[bushmaster06]

Ummm ok.

Where these same "initiatives" in place in the 1980s and 1990s during the S&L crisis? How about Lincoln Savings and Loan? Did they have a diverse woke board? Was Frank Keating woke? Bonus points for you...please educate me on how "cultureand DIE initiatives" led to a run on a bank? On earnings too? Back to the talking points for you.

I'm sure this didn't help. But hey, the execs all got their bonuses.

[Position Limit]

What a dumbduck nonsense response. What did I saw that you think you are responding to?
And read my question carefully. I askedwhat did I SAY not what stupid fantasy you made up.

You seem dizzy. Go get some oxygen. All of the woke talk got you feeling a little agitated.

[Position Limit]

I'm sure this didn't help. But hey, the execs all got their bonuses.

Ok so now we have woke bonuses that led to the collaspe of SVB. I think they had same sex bathrooms there too. Yeah, that's the ticket....

[TheBoots]

[TheBoots]

[TheBoots]

.

[Position Limit]

What facinates me is how very similar the scripts of Paul Volker's challenges were to what Powell's are now. Yeah sure I know both have varying degrees of extremes, but the game is still the same. Right down to the geopolitical. We just haven't had our winter of '82 yet. I'm sure Powell's ass is like a can of brown paint con CPI manana. Interesting stuff.

[BirtDurglar]

You seem dizzy. Go get some oxygen. All of the woke talk got you feeling a little agitated.

Thats what I thought. GTFO with your low IQ bullshit.

[NickZepp84]

What facinates me isll how very similar the scripts of Paul Volker's challenges were to what Powell's are now. Yeah sure I know both have varying degrees of extremes, but the game is still the same. Right down to the geopolitical. We just haven't had our winter of '82 yet. I'm sure Powell's ass is like a can of brown paint con CPI manana. Interesting stuff.

Interest rates in the 70s were coming off being tied to gold at around 7% there is no falling below near 0% we've had the last decade.

[theresonly187]

position_limit is a retarded ai chatbot....

[bushmaster06]

Ok so now we have woke bonuses that led to the collaspe of SVB. I think they had same sex bathrooms there too. Yeah, that's the ticket....

You seem oddly ok with wokeism. Do you really believe that having a chief risk officer not doing her job for almost a year is a good thing for a bank?