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Anonymous ID: c8dfa8 March 10, 2023, 4:50 p.m. No.18482514   🗄️.is 🔗kun   >>2572 >>2739

Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash

 

NYPD responded to a Silicon Valley Bank branch in Manhattan Friday morning after investors showed up to try to pull money out of their accounts.

 

Silicon Valley Bank on Friday was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis.

 

Silicon Valley Bank reportedly holds $173 billion in deposits.

 

The Fed interest rate is at 4.57% and $117 billion of Silicon Valley Bank securities are yielding only 1.56-1.66% – this is causing a run on the bank.

 

California regulators shut down the bank and the FDIC took over.

 

A group of tech investors showed up to the Manhattan branch in New York on Friday morning to pull out their cash.

 

Journalist Eric Newcomer said he spoke to some of the investors who pulled money out of Silicon Valley Bank.

 

According to Newcomer, some startups who are contractually obligated to keep their money with SVB, breached their covenants and pulled the money out anyway.

 

https://www.thegatewaypundit.com/2023/03/cops-called-to-silicon-valley-bank-manhattan-branch-after-group-of-investors-try-to-pull-out-cash/

Anonymous ID: c8dfa8 March 10, 2023, 4:53 p.m. No.18482530   🗄️.is 🔗kun   >>2550 >>2659

Wells Fargo Says “Technical Issue” Causing Customers to See Missing Deposits in Their Accounts

 

Wells Fargo on Friday scrambled to respond to customers who reported deposits were missing from their accounts.

 

Customers complained about missing deposits in their accounts.

 

Many customers were unable to pay bills or buy groceries.

 

One customer complained about being overdrawn because of missing direct deposits.

 

Wells Fargo responded: “I understand your concern. If you see incorrect balances or missing transaction, this may be due to a technical issue. We apologize for the inconvenience. Your accounts continue to be secure. We are working quickly on a resolution. -Amanda

 

“If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize” Wells Fargo said. “We are working quickly on a resolution and apologize for the inconvenience.”

 

The Wells Fargo complaints from customers came on the same day Silicon Valley Bank was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis.

 

https://www.thegatewaypundit.com/2023/03/wells-fargo-says-technical-issue-causing-customers-to-see-missing-deposits-in-their-accounts/