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mathematic

(1,614 posts)

4. SVB was not the crypto bank, that was silvergate

Reply to palinny (Reply #2)

Fri Mar 10, 2023, 01:06 PM

Mar 2023

From what I've heard, SVB's customers are not losing any money. This is a rapidly developing story, of course, but your son's start up probably doesn't need to close the doors just yet.

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Silicon Valley Bank fails to find buyer as run on bank outpaced sale process [View all] BumRushDaShow Mar 2023 OP

The bank has been closed. Lucky Luciano Mar 2023 #1

FDIC will only help 3% of deposits palinny Mar 2023 #3

Where is the 3% number from? Real or an exaggeration of something that is nonetheless terrible? Lucky Luciano Mar 2023 #5

It's not officially from the FDIC -- this is what my son's VC said: palinny Mar 2023 #6

Is this related to the cyber currency crash? yardwork Mar 2023 #9

My son's start-up was forced by VCs to put all its funds in this bank palinny Mar 2023 #2

SVB was not the crypto bank, that was silvergate mathematic Mar 2023 #4

Thank you palinny Mar 2023 #7

Apparently, you are correct. They locked in a lot of long-term securities, then rates went up. ashredux Mar 2023 #8