Authored by Simon Black via SovereignMan.com, On Sunday afternoon, September 14, 2008, hundreds of employees of the financial giant Lehman Brothers walked into the bank’s headquarters at 745 Seventh Avenue in New York City to […]
Stock market indexes fought back from session lows and closed mixed Monday, as investors tried to figure out if some good will come out of the stock market’s nervous moment. The Nasdaq and S&P 500 […]
Authored by Michael Hudson, The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse of supporting shelving is […]
Silver prices surged on Monday as its safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank. The metal advanced 6.3% to $21.81 per ounce during the morning session. “A lot […]
A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming-out stories, as the firm raced toward collapse. Jay Ersapah, the boss of […]
Authored by Alexaqnder Zhang via The Epoch Times, There is a “serious risk” to the UK’s technology and life sciences sectors from the collapse of the UK branch of the California-based Silicon Valley Bank, Chancellor […]
Dow Jones futures jumped early Monday, along with S&P 500 futures and Nasdaq futures, after a flurry of news Sunday evening. The FDIC and other financial regulators announced that all SVB Financial depositors will get […]
The United States government has announced it will guarantee deposits at failed Silicon Valley Bank (SVB), as financial regulators rush to alleviate fears the tech-focused lender’s collapse could set off a broader financial crisis. In […]
Earlier we said that the Fed/Treasury’s new alphabet soup bailout facility, the BTFP, stands for Buy The Fucking Pivot as it confirms what we have been saying for months: it’s just a matter of time […]
U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. “We are also announcing a similar systemic risk exception for […]
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