STOCK MARKET NEWS: Silicon Valley Bank latest, stocks steady after emergency plan, bitcoin rises

"Stocks steady..."? Look again

Thank you my friend and sister-in-Christ Sgt (Join to see) for making us aware that the Silicon Valley Bank shares tumble, Silicon Valley Bank sued, United Airlines profit warning.
How VCs Killed Silicon Valley Bank
For more than 40-years, Silicon Valley Bank was the go-to financial institution for tech startups and venture capitalists looking to disrupt industries far and wide. Since its founding in 1983, SVB provided critical financial support to firms such as Shopify, a16z, ZipRecruiter and Roku. According to SVB itself, 44% of all U.S. ventured-backed tech and healthcare IPOs were part of its client roster.
https://www.youtube.com/watch?v=ytAbaf6mu8E
Background from the link you shared {[.foxbusiness.com/live-news/stock-market-news-today-march-13-2023?cmpid=FNC]}
And now, this once-mighty institution has fallen from grace in what is the largest bank failure since the 2008 global financial crisis. SVB certainly collapsed as a result of poor risk management, but it wasn’t entirely the bank’s own fault. The fed and a handful of VCs played a key role in bringing Silicon Valley Bank to its knees, destroying their own industry in the process.

Leading up the collapse, the CEO of SVB Greg Becker begged its VC clients to stay calm saying “If everybody is telling each other that SVB is in trouble, that will be a challenge. Stay calm. That’s my ask. We’ve been there for 40 years, supporting you, supporting the portfolio companies, supporting venture capitalists


Investors remain skittish despite the emergency backstop for Silicon Valley Bank, stocks and banking shares, including First Republic remain in focus after regulators moved to stabilized the financial system, United Airlines sees first-quarter loss. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
SVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which failed last week, "particularly susceptible" to a bank run.
The proposed class action against SVB, Chief Executive Greg Becker and Chief Financial Officer Daniel Beck was filed in the federal court in San Jose, California.
Silicon Valley Bank hit with class action lawsuit from shareholders
A class action lawsuit has been filed against collapsed Silicon Valley Bank, its CEO and CFO on Monday, accusing the plaintiffs of violating securities laws.
It appeared to be the first of many likely lawsuits over the demise of Silicon Valley Bank, which U.S. regulators seized on March 10 following a surge of deposit withdrawals.
SVB had surprised the market two days earlier by disclosing a $1.8 billion after-tax loss from investment sales and that it planned to raise capital, as it scrambled to meet redemption requests.
Silicon Valley Bank had an estimated $209 billion of assets and $175.4 billion of deposits before its collapse, in the largest U.S. bank failure since the 2008 financial crisis.'
FYI SSgt Kelly D. CPT (Join to see)CPT Endre Barath MSgt Mike Brown; MBTI-CP; MA, Ph.D. CSM Charles Hayden SGT Denny Espinosa SFC (Join to see) CPT (Join to see) PO1 Howard Barnes SPC Robert Coventry MGySgt (Join to see) SFC Ralph E Kelley1LT Voyle Smith Lt Col Charlie Brown MAJ Dale E. Wilson, Ph.D. SMSgt Lawrence McCarter Lt Col Scott Shuttleworth MSgt Robert C Aldi

Thank you my friend and sister-in-Christ Sgt (Join to see) for making us aware that the Silicon Valley Bank shares tumble, Silicon Valley Bank sued, United Airlines profit warning.
How VCs Killed Silicon Valley Bank
For more than 40-years, Silicon Valley Bank was the go-to financial institution for tech startups and venture capitalists looking to disrupt industries far and wide. Since its founding in 1983, SVB provided critical financial support to firms such as Shopify, a16z, ZipRecruiter and Roku. According to SVB itself, 44% of all U.S. ventured-backed tech and healthcare IPOs were part of its client roster.
https://www.youtube.com/watch?v=ytAbaf6mu8E

Background from the link you shared {[.foxbusiness.com/live-news/stock-market-news-today-march-13-2023?cmpid=FNC]}
And now, this once-mighty institution has fallen from grace in what is the largest bank failure since the 2008 global financial crisis. SVB certainly collapsed as a result of poor risk management, but it wasn’t entirely the bank’s own fault. The fed and a handful of VCs played a key role in bringing Silicon Valley Bank to its knees, destroying their own industry in the process.

Leading up the collapse, the CEO of SVB Greg Becker begged its VC clients to stay calm saying “If everybody is telling each other that SVB is in trouble, that will be a challenge. Stay calm. That’s my ask. We’ve been there for 40 years, supporting you, supporting the portfolio companies, supporting venture capitalists


Investors remain skittish despite the emergency backstop for Silicon Valley Bank, stocks and banking shares, including First Republic remain in focus after regulators moved to stabilized the financial system, United Airlines sees first-quarter loss. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
SVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which failed last week, "particularly susceptible" to a bank run.
The proposed class action against SVB, Chief Executive Greg Becker and Chief Financial Officer Daniel Beck was filed in the federal court in San Jose, California.
Silicon Valley Bank hit with class action lawsuit from shareholders
A class action lawsuit has been filed against collapsed Silicon Valley Bank, its CEO and CFO on Monday, accusing the plaintiffs of violating securities laws.
It appeared to be the first of many likely lawsuits over the demise of Silicon Valley Bank, which U.S. regulators seized on March 10 following a surge of deposit withdrawals.
SVB had surprised the market two days earlier by disclosing a $1.8 billion after-tax loss from investment sales and that it planned to raise capital, as it scrambled to meet redemption requests.
Silicon Valley Bank had an estimated $209 billion of assets and $175.4 billion of deposits before its collapse, in the largest U.S. bank failure since the 2008 financial crisis.'
FYI SSgt Kelly D. CPT (Join to see)CPT Endre Barath MSgt Mike Brown; MBTI-CP; MA, Ph.D. Capt Rich Buckley CSM Charles Hayden SGT Denny Espinosa SFC (Join to see) CPT (Join to see) PO1 Howard Barnes SPC Robert Coventry MGySgt (Join to see) SFC Ralph E Kelley1LT Voyle Smith Lt Col Charlie Brown MAJ Dale E. Wilson, Ph.D. SMSgt Lawrence McCarter Lt Col Scott Shuttleworth MSgt Robert C Aldi