Anonymous ID: 6ae9c9 March 10, 2023, 12:10 a.m. No.18478402   🗄️.is 🔗kun

The collapse of Silicon Valley Bank on March 9, 2023, has chatter about other banks possibly faltering as a ripple effect. Keep in mind this comes one day after the collapse of Silvergate Bank, and traditionally, silver is money.

 

This news comes on the 68th day of the year, and it connects to the market having a second terrible day in a row.

 

SVB Financial, which owns Silicon Valley Bank, the 16th largest bank in the US with $210 billion in assets, came out with some fascinating announcements late yesterday and early today about shoring up its balance sheet and liquidity.

 

After having already plunged 65% in a series of breath-taking dives, and dead-cat bounces from their startup-and-crypto consensual-hallucination peak in November 2021, shares of SVB Financial [SIVB] kathoomphed so far today another 55%, to around $119 at the moment, the lowest since 2016, and are now down 84% from the November 2021 high,

 

https://wolfstreet.com/2023/03/09/svb-financial-silicon-valley-bank-shores-up-balance-sheet-liquidity-to-face-the-future-shares-collapse-55-today-84-from-consensual-hallucination-peak/