Hey #scotus - was this a bailout? #svbcrash
Oh, that’s right. . .rich people get financial assistance, not students
#studentloanforgiveness
Hey #scotus - was this a bailout? #svbcrash
Oh, that’s right. . .rich people get financial assistance, not students
#studentloanforgiveness
#Warren and #Porter have a new bill that would reverse the mistakes that Congress and President Trump made 5 years ago when they rolled back financial regulations that are meant to keep our financial system safe. #Congress needs to pass it.
Warren, Porter Take First Step to Repeal Trump-Era Law Blamed for #SVBCrash
https://www.businessinsider.com/silicon-valley-bank-porter-warren-repeal-trump-era-dodd-frank-2023-3
Credit Suisse's scale and potential impact on the global economy is greater than U.S. regional banks, and its balance sheet is larger than #LehmanBrothers'. It is also globally interconnected, making an orderly management of its situation even more important.
#UBS buys #CreditSuisse for $3.2 billion as regulators look to shore up the #GlobalBanking system | #SVBCrash
https://www.nbcnews.com/business/ubs-reportedly-offers-buy-credit-suisse-1-billion-rcna75653
UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system.
SVB pledged to provide at least $5 billion in financing by 2027 to support sustainability efforts in industries such as #GreenBuildings, #RenewableEnergy, and #WaterTechnology. However, the bank's collapse could lead to more difficult borrowing terms, particularly for companies looking to spend big as they scale.
#SVB's #ClimateTech clients face humbling funding questions | #SVBCrash
https://www.rappler.com/business/silicon-valley-bank-climate-tech-clients-face-humbling-funding-questions/
Die Hintergründe, welche zum Crash der Silicon Valley Bank geführt haben – und warum Finanzinstitute überhaupt in diese prekäre Situation geraten können, hat Johnny Harris in diesem brillanten Video veranschaulicht. #SVBCrash #SVB #JohnnyHarris
"When #SVB collapsed, entrepreneurs who feared losing everything spent nerve-wracking days crafting backup plans, seeking new funds, and pleading with politicians."
The Weekend #SiliconValley Stared Into the Abyss | #SVBCrash #Tech #Finance | WIRED
https://www.wired.com/story/silicon-valley-bank-svb-the-weekend-silicon-valley-stared-into-the-abyss/?utm_source=twitter&utm_medium=social&utm_brand=wired&mbid=social_twitter&utm_social-type=owned