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2023 Bank Crisis and Meltdown: Silicon Valley Bank, Signature Bank, Credit Suisse ...


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2023 Bank Crisis and Meltdown: Silicon Valley Bank, Signature Bank, Credit Suisse ...

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
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Quite the stunning and rapid collapse of SVB.

I am hoping none of our members are caught up in this and impacted negatively. FDIC 250k but beyond that yet to be seen where it will come down.

Please vote:

Did the near-overnight collapse of SVB impact your trading?

Total votes: 456
 


And discuss ...

Mike

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  #2 (permalink)
 
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 AllSeeker 
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For me real problem is this being possible trigger for running down banks who have most of the assets in long term bonds.

This won't be simple as single bank getting run down.

Also, this is kind of bad news for startups/organizations who had large amounts parked with them, it will also drag many small business with it if they can't source other ways to source money.

I'm not entirely sure about last one but I've read that some crypto exchanges also had some dealings with SVB. Given how bad the last half an year has been for crypto, this could be another blow. But this is just speculation on my end, I lack full knowledge.

Just my 2c.

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  #3 (permalink)
Sesam
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Big Mike View Post
Quite the stunning and rapid collapse of SVB.

I am hoping none of our members are caught up in this and impacted negatively. FDIC 250k but beyond that yet to be seen where it will come down.

Please vote:



And discuss ...

Mike

I guess this is what happened ;-)


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  #4 (permalink)
 iq200 
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Check out this link:

https://www.linkedin.com/feed/update/urn:li:activity:7040026455279312896/

Shows just under 6000 "private funds" that are affected by SVB. Apparently excludes a lot of unregistered ones!

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 MTCTrades 
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My $.02: it can blow at any seam. Trade below what your resources will cover. Always.

MTCTrades
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  #6 (permalink)
trend train
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I'm not surprised at all since FTX collapsed few months ago I was afraid if FTX Do not face serious and immediate consequences then the Domino effect will happen.

I even posted a thread on psychology and money management forum few months ago titled FTX collapsed who is next?! I mentioned my concern that the financial institutions are watching and observing.
bankruptcy is Carte Blanche to them very wild time its like license to steal


For further reading
What if a broker declare bankruptcy!!! Ftx first who's next? - futures io

If you can't see link between FTX and SVB here is amazing article on benzinga just posted yesterday
https://www.benzinga.com/markets/cryptocurrency/23/03/31301740/short-seller-who-predicted-ftx-silvergate-capital-collapses-and-shorted-svb-financial-has-

Thanks for the invite Big Mic 😊

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  #7 (permalink)
SunTrader
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iq200 View Post
Check out this link:

https://www.linkedin.com/feed/update/urn:li:activity:7040026455279312896/

Shows just under 6000 "private funds" that are affected by SVB. Apparently excludes a lot of unregistered ones!

Shows .... nothing but a blurred image for me.

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  #8 (permalink)
 
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 phantomtrader 
Reno, Nevada
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SVB's business was start ups and risky tech investments. These companies will not be able to meet payroll or pay bills without their lines of credit. That means multiple bankruptcies coming up. Some of these companies may have gone
public and are already trading on the NASDQ. If that's the case, there may be a negative impact on the futures. In any case, the bankruptcies will filter down through the economy as SVB had a huge portfolio of companies they
lent to. On top of that, they have a major portfolio in treasuries whose yield has steadily gone down due to interest rate increases. Why they didn't liquidate the treasuries is a mystery. Maybe they used them as collateral. Who knows.

The government is in charge now. And remember: "We're the government. We're here to help!"

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 AllSeeker 
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SunTrader View Post
Shows .... nothing but a blurred image for me.

Trying to attach a pdf here of the list.

1678473012927.pdf

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  #10 (permalink)
SunTrader
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AllSeeker View Post
Trying to attach a pdf here of the list.

Attachment 330286

That did it. Once I zoom out a little on PDF

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Last Updated on March 28, 2023


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