Silicon Valley Bank - tits up
- Thread starter P_Wop
- Start date
SloopJonB
Super Anarchist
That $56 B is liabilities, not assets.
veni vidi vici
Omne quod audimus est opinio, non res. Omnia videm
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Fed's Barr to Congress: SVB's failure is 'textbook case of mismanagement'
The Fed's top regulator is set to hammer home the message on Tuesday that the failure of Silicon Valley Bank sits with the bank's management, not regulators.
Looks to me like they got $16B to take it on...
silent bob
Super Anarchist
I imagine that many of the assets are the upside down bonds. Wait for them to mature, or sell at a huge loss?
FDIC Added Sweeteners in Deals to Offload SVB and Signature Bank
(Bloomberg) -- The Federal Deposit Insurance Corp. stuck to its guns and didn’t offer bailouts to keep two lenders from collapsing. Instead, it struck deals that included millions of dollars of sweeteners for the acquiring banks that sent their stocks soaring.Most Read from BloombergFBI Releases...
“The loan portfolio was purchased at a substantial discount and with a government backstop, mitigating the risks to First Citizens. The stock market has recognized this as a very good deal for First Citizens.”
They don't have to wait... To plagiarize the immortal Tone Loc, "they get paid to do the wild thing.."
"For First Citizens, they are worth as much as $500 million and were already in the money as of Monday morning after the bank soared 53%, the most in more than 30 years following news of the deal."
Olsonist
Disgusting Liberal Elitist
Congress Helped Set Stage For Silicon Valley Bank’s Failure, Federal Reserve Says
An investigation by the Federal Reserve hammers the "shift in the stance of supervisory policy" that lawmakers initiated in 2018.
SloopJonB
Super Anarchist
More Republicunt economic jenius.Congress Helped Set Stage For Silicon Valley Bank’s Failure, Federal Reserve Says
An investigation by the Federal Reserve hammers the "shift in the stance of supervisory policy" that lawmakers initiated in 2018.www.huffpost.com
