Former CEO of Silicon Valley Bank (SVB), which went bankrupt on March 10, Greg Becker, believes that the fastest rate of increase in the Federal Reserve System (Fed) key rate in recent decades, as well as negative sentiment in social networks, contributed to the collapse of the organization. He stated this in an affidavit prepared … Read more
Questionnaire In addition to the Western Allies, should we also be grateful to the Red Army for freedom from Nazism? voted: 9109 people Debate over raising the debt ceiling is a regular occurrence in the US. It basically occurs whenever the current president does not have a majority in Congress, i.e. the lower house of … Read more
On Monday, the fate of the American First Republic Bank, which is often referred to as a bank for the rich, was finally sealed. Shares fell to all-time lows, trading was halted and the bank was taken over by the Federal Deposit Insurance Corporation (FDIC). A buyout from the largest bank in the USA and … Read more
March 31, 2023 Zoom in picture / show original image HSBC (00005) announced in mid-March to acquire the UK branch (SVB UK) of the bankrupt Silicon Valley Bank in the United States. Noel Quinn, CEO of HSBC, retorted that the acquisition will help HSBC to expand the new economic customer segment in the long run, … Read more
Newsletter I think Agus PransuamitraCNBC Indonesia Research Wednesday, 29/03/2023 06:00 WIB 1. There Is a Wisdom Behind the Collapse of the SVB & the US-European Banking Crisis 2. Back to High Interest Rates, Wall Street Weakens 3. Pay Attention to Today’s Market Driving Sentiment 4. See Data Release and Today’s Agenda The JCI, rupiah and … Read more
It was September 29, 2008. I had just finished holding a meeting in the Midtown area of Manhattan, when television reported that Congress had rejected the Bush administration’s proposed $700 billion bailout package to save the financial sector. I decided to go to Wall Street. That day the capital markets in New York were crushed: … Read more
The roots of the Silicon Valley bank collapse began a year ago when the Fed started raising interest rates Dubai – Samar Al-Masha Published in: March 20, 2023: 01:50 PM GST Last updated: Mar 20, 2023: 02:12 PM GST Not many people outside the banking sector and start-ups had heard of Silicon Valley Bank before … Read more
Sharon Stone [사진=EPA·연합뉴스] The bankruptcy of Silicon Valley Bank (SVB) is drawing attention as it is known that many celebrities have suffered damage. According to Page Six, an American entertainment media outlet, on the 17th (local time), actress Sharon Stone attended a fundraising event hosted by the Women’s Cancer Research Fund on the 16th and … Read more
In a stern warning, Moody’s called on the US central bank (the Federal Reserve) to immediately stop monetary tightening and not rush into raising interest rates next Wednesday. She said, “The market is on the edge of the abyss, waiting for any event to fall!” The global rating agency believes that the Fed is paying … Read more
Photo by Gunter Elbers (Scanpix). Things are looking really tight in the US financial system, with none other than The Big Short as the most positive-sounding and comforting voice. The soon-to-end Fed rate hike cycle is also expected. Michael Burry All eyes are on the manager of Scion Asset Management, who goes by the Twitter … Read more