Hmmm, Are You Banking Superstitious Today Is The 13th! March 13, 2023

 

Friends and patriots, watch the movie “The Big Short”.

Hmmmm, today is the 13th, "Black Monday"?

Regulators close crypto-focused Signature Bank,

 

https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html

US government moves to stop potential banking crisis

https://apnews.com/article/silicon-valley-bank-bailout-yellen-deposits-failure-94f2185742981daf337c4691bbb9ec1e

The Silicon Valley Bank Bailout

The bill for bad policy comes due

https://www.wsj.com/articles/the-silicon-valley-bank-bailout-chorus-yellen-treasury-fed-fdic-deposit-limit-dodd-frank-run-cc80761e

SVB Fallout Spreads Around World From London to Singapore

https://news.yahoo.com/svb-fallout-spreads-around-world-154331383.html

Panic and partying reign at SXSW amid Silicon Valley Bank’s collapse

https://www.nbcnews.com/tech/tech-news/svb-sxsw-panic-partying-reign-rcna74559

US Regional Banks Remain Under Pressure as First Republic Sinks

https://finance.yahoo.com/news/us-regional-banks-remain-under-092829687.html

First Republic drops 60%,

https://www.cnbc.com/2023/03/13/first-republic-drops-bank-stocks-decline.html

Fed’s New Backstop Shields Banks From $300 Billion of Losses

https://finance.yahoo.com/news/us-says-svb-deposits-safe-230714841.html

Silicon Valley Bank depositors will get ‘all of their money

https://www.marketwatch.com/story/silicon-valley-bank-depositors-will-get-all-of-their-money-regulators-say-a795cbab