Forwarded from Smokyjinx
I found this on NewsBreak: US banks sitting on unrealized losses of $620 billion
https://share.newsbreak.com/3almta42
https://share.newsbreak.com/3almta42
NewsBreak
US banks sitting on unrealized losses of $620 billion - NewsBreak
Silicon Valley Bank's collapse last week sent tingles of panic down investors' spines as it highlighted a larger problem across the banking sector: The widening gap...
Forwarded from anon_fa_mous
Signature Bank of New York has just collapsed 👀
Signature Bank was a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion.
https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20230312
Signature Bank was a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion.
https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20230312
Department of Financial Services
Press Release- March 10, 2023: Superintendent Adrienne A. Harris Announces New York Department of Financial Services Takes Possession…
Press Release March 12, 2023 Superintendent Adrienne A. Harris Announces New York Department of Financial Services Takes Possession of Signature Bank Superintendent Adrienne A. Harris announced today that the New York Department of Financial Services (DFS)…
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Forwarded from PatriotAU️️️ (PatriotAU)
Forwarded from VK Screenshots
Anticipation fuels the excitement of what's to come.
A peak time to manifest outcomes.
7:43pm Eastern
A peak time to manifest outcomes.
7:43pm Eastern
❤5
Forwarded from Tironianae 🍊 🍊 Z. - Ultra Verbum Vincet (SusanW1007🇺🇸 ♥️🇺🇸🦅)
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
Israeli SVB branch closes after collapse, dozens laid off
By ZACHY HENNESSEY Published: MARCH 12, 2023 13:33
The Israeli branch of the Silicon Valley Bank has closed, N12 reported Sunday, with its approximately 40 employees stopping work.
A handful of employees will stay on for up to 45 days, possibly to help ensure the smooth transfer for the bank should it be sold, according to N12.
Israeli start-ups face decreased valuation, increased competition for funding and logistical challenges in the coming weeks following the collapse of Silicon Valley Bank on Saturday.
The bank announced several billions of dollars in losses and saw a hefty 60% plunge in its share price, followed by a further 20% in after market trading.
https://www.jpost.com/business-and-innovation/banking-and-finance/article-734064
Israeli SVB branch closes after collapse, dozens laid off
By ZACHY HENNESSEY Published: MARCH 12, 2023 13:33
The Israeli branch of the Silicon Valley Bank has closed, N12 reported Sunday, with its approximately 40 employees stopping work.
A handful of employees will stay on for up to 45 days, possibly to help ensure the smooth transfer for the bank should it be sold, according to N12.
Israeli start-ups face decreased valuation, increased competition for funding and logistical challenges in the coming weeks following the collapse of Silicon Valley Bank on Saturday.
The bank announced several billions of dollars in losses and saw a hefty 60% plunge in its share price, followed by a further 20% in after market trading.
https://www.jpost.com/business-and-innovation/banking-and-finance/article-734064