Nidhibic Posted March 12, 2023 Share Posted March 12, 2023 https://www.indiatoday.in/business/story/silicon-valley-bank-shut-down-us-regulator-investors-money-stranded-2345122-2023-03-11 I think 1 Abaj means 1,000000000000 213000000000000 lost in rupees Link to comment Share on other sites More sharing options...
Vickydev Posted March 12, 2023 Share Posted March 12, 2023 Seems like a bank run that was aggravated by sm hysteria led by Peter Thiel himself. Very informative thread Link to comment Share on other sites More sharing options...
R!TTER Posted March 12, 2023 Share Posted March 12, 2023 @Khota still think the US institutions are better regulated? Link to comment Share on other sites More sharing options...
ravishingravi Posted March 12, 2023 Share Posted March 12, 2023 (edited) This was risk management 101. I can’t believe a bank functions like this. Short term funds invested in long term assets. Hindenburg was sleeping here. Edited March 12, 2023 by ravishingravi Link to comment Share on other sites More sharing options...
ravishingravi Posted March 12, 2023 Share Posted March 12, 2023 Guess Fed will be forced to bail them out. So much for free market. BacktoCricaddict 1 Link to comment Share on other sites More sharing options...
BacktoCricaddict Posted March 12, 2023 Share Posted March 12, 2023 (edited) 3 hours ago, ravishingravi said: Guess Fed will be forced to bail them out. So much for free market. Too big to fail. This is ridiculous. But when an individual makes bad decisions or is unlucky in their personal finances, landing in impoverishment - losing their homes, going hungry and seeking govt assistance for 100s not billions - these a-holes are ready to pounce on them and point to how we are encouraging lazy irresponsible people etc etc. Edited March 12, 2023 by BacktoCricaddict ravishingravi 1 Link to comment Share on other sites More sharing options...
G_B_ Posted March 12, 2023 Share Posted March 12, 2023 Its the tip of the iceberg. Smaller banks need to always look out for liquidity. Especially after Lehman, no lessons were learnt. This was not a governance issue. Retail banks are very well regulated. B2B banks are still not. Nidhibic 1 Link to comment Share on other sites More sharing options...
LordPrabhzy Posted March 12, 2023 Share Posted March 12, 2023 @G_B_ apparently SVB didnt have a Head of RIsk for months... and when she was appointed she spent most times in diversity initiatives as she was a 'queer brown woman' This is what happens when you leave things to woke people in charge... once you woke.. etc etc Vilander 1 Link to comment Share on other sites More sharing options...
Nidhibic Posted March 13, 2023 Author Share Posted March 13, 2023 https://www.livemint.com/companies/news/svb-uk-holds-3-billion-of-venture-capital-backed-firms-funds-survey-11678656340094.html More up-date On SVB Link to comment Share on other sites More sharing options...
ravishingravi Posted March 13, 2023 Share Posted March 13, 2023 As expected, govt will backstop the depositors. Link to comment Share on other sites More sharing options...
gattaca Posted March 13, 2023 Share Posted March 13, 2023 Any ther bank signature got shutdown today. The shocks of rate increase are spreading it won’t be easy. It is like 2008 crisis. Link to comment Share on other sites More sharing options...
G_B_ Posted March 13, 2023 Share Posted March 13, 2023 21 hours ago, LordPrabhzy said: @G_B_ apparently SVB didnt have a Head of RIsk for months... and when she was appointed she spent most times in diversity initiatives as she was a 'queer brown woman' This is what happens when you leave things to woke people in charge... once you woke.. etc etc Dont believe for a second she is queer. I notice a trend especially among desi woman (which she is) who are street smart to declare themselves as queer to tick boxes and rise to the top. In reality they are married/dating men. When asked they will say they happen to love the individual and not the gender, whatever that means. Queer and bisexual are very hard to quantify. Link to comment Share on other sites More sharing options...
gattaca Posted March 14, 2023 Share Posted March 14, 2023 On 3/12/2023 at 6:18 PM, LordPrabhzy said: @G_B_ apparently SVB didnt have a Head of RIsk for months... and when she was appointed she spent most times in diversity initiatives as she was a 'queer brown woman' This is what happens when you leave things to woke people in charge... once you woke.. etc etc The problem is just not head of risk. CEO of SVB lobbied for removing regulations in 2018. He even appeared in front of senate. Trump signed this in to law. This is a problem created by board and CEO. BacktoCricaddict 1 Link to comment Share on other sites More sharing options...
mishra Posted March 14, 2023 Share Posted March 14, 2023 Surprised that no one like Hindenburg saw it coming and neither we had 15 page thread by our inhouse economists how Adani group is inflated. Link to comment Share on other sites More sharing options...
mishra Posted March 14, 2023 Share Posted March 14, 2023 And offcourse a regular advice that Biden should keep away from Such banks and orgs Link to comment Share on other sites More sharing options...
diga Posted March 14, 2023 Share Posted March 14, 2023 https://www.svb.com/profile/kim-olson Is this the "queer brown woman " @LordPrabhzy ? The above says she is married with 3 kids Link to comment Share on other sites More sharing options...
LordPrabhzy Posted March 14, 2023 Share Posted March 14, 2023 50 minutes ago, diga said: https://www.svb.com/profile/kim-olson Is this the "queer brown woman " @LordPrabhzy ? The above says she is married with 3 kids Meanwhile, Jay Ersapah, who acts as Head of Risk for the bank in Europe, Africa and the Middle East and who describes herself as a 'queer person of color from a working-class background' - organized a host of LGBTQ initiatives including a month-long Pride campaign and implemented 'safe space' catch-ups for staff. In a corporate video published just nine months ago, she said she 'could not be prouder' to work for SVB serving 'underrepresented entrepreneurs.' Professional network Outstanding listed Ersapah as a top 100 LGTBQ Future Leader. 'Jay is a leading figure for the bank’s awareness activities including being a panelist at the SVB’s Global Pride townhall to share her experiences as a lesbian of color, moderating SVB’s EMEA Pride townhall and was instrumental in initiating the organization's first ever global "safe space catch-up", supporting employees in sharing their experiences of coming out,' her bio on the Outstanding website states. It adds that she is 'allies' with gay rights charity Stonewall and had authored numerous articles to promote LGBTQ awareness. Sorry I meant this Jay Ersapah- not the white woman you tagged. Link to comment Share on other sites More sharing options...
Mariyam Posted March 14, 2023 Share Posted March 14, 2023 On 3/12/2023 at 5:37 PM, R!TTER said: @Khota still think the US institutions are better regulated? Who thinks that US institutions are, for better or worse, better regulated than the rest of the world? Remember Gamestop? Don't they even have a SEBI equivalent over there? Link to comment Share on other sites More sharing options...
mishra Posted March 15, 2023 Share Posted March 15, 2023 21 hours ago, Mariyam said: Who thinks that US institutions are, for better or worse, better regulated than the rest of the world? Remember Gamestop? Don't they even have a SEBI equivalent over there? Mariyamji, working in West has made clear one thing. Every sector, allmost every sector is corrupt at top level. Delivery at medium level is next to nothing. All the innovations and technological advances are done by some Smart Hardworking Indian, Chinese, Latino , Eastern European or African while it is his white Boss that takes the credit. Smart Western White person is still there, but a hardworking white bloke is a rarity. Before someone jumps the gun I will give a example in football. Its non whites who are toiling day in day out playing in various European leagues but they all have a white Agent making money for them and a white owner/manager running the Team. How long can this lazy arsed approach be hidden. A century, two century may be, but it will have implications Mariyam 1 Link to comment Share on other sites More sharing options...
coffee_rules Posted March 15, 2023 Share Posted March 15, 2023 (edited) 22 hours ago, Mariyam said: Who thinks that US institutions are, for better or worse, better regulated than the rest of the world? Remember Gamestop? Don't they even have a SEBI equivalent over there? https://www.sec.gov/ SEC catches small fishes and low level violators. Major ones get bailed out by taxpayer’s money like Banks, Automobile companies etc Edited March 15, 2023 by coffee_rules Mariyam 1 Link to comment Share on other sites More sharing options...
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