Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed

Discussion in 'Wall St. News' started by gwb-trading, Mar 10, 2023.

  1. So you didn’t make it to senior teller. Boo fukn Hoo. Time to schlep you sorry ass down to the politics section.
     
    #21     Mar 10, 2023
    VicBee likes this.
  2. SunTrader

    SunTrader

    I'll make no such assumption. C.R.O. as well as all the other C's report to the C.E.O. I would say he did an iffy (being generous) job.
     
    #22     Mar 10, 2023
  3. MKTrader

    MKTrader

    How are the druggies and street defecators in your hood? Oh wait, I forget you're one of them...the guy who goes to the public library to post on ET. Have a great weekend and don't blow through your EBT too fast!
     
    #23     Mar 10, 2023
  4. Pekelo

    Pekelo

    Personal stories of workers who didn't get paid today because their companies banked with SVB:



    "My husband’s company - $12m just gone. The CFO spoke to their SVB contact and said the feds are begging the big banks to quickly buy SVB and release the assets. Fingers crossed for the THOUSANDS of start ups - most that SVB invested tiny amounts into required exclusive asset management clauses in their contracts. So stressful!!!"
     
    #24     Mar 10, 2023
    Warlock and VicBee like this.
  5. VicBee

    VicBee

    No joking matter for all those businesses whose funds are held up. That's a lot of employees of start-ups and small businesses who are not getting a pay check for the foreseeable future.
     
    #25     Mar 10, 2023
  6. SunTrader

    SunTrader

    Startups churn through employees.

    Employees churn through startups.

    Not fun to become unemployed. Happens to all of us at some time or other in our life.

    But really no biggie when you are young, which likely make up a high percentage of those affected.
     
    #26     Mar 11, 2023
  7. VicBee

    VicBee

    Circle and Roku are 2 companies mentioned snarled in this thing...
     
    #27     Mar 11, 2023
  8. vanzandt

    vanzandt

    You were right all along Mr Turtle...

    %%
    Not a stock tip. Not FDIC insured :caution: :caution: :caution:
     
    Last edited: Mar 11, 2023
    #28     Mar 11, 2023
    murray t turtle likes this.
  9. gwb-trading

    gwb-trading

    #29     Mar 11, 2023
  10. gwb-trading

    gwb-trading

    #30     Mar 11, 2023