ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸

2023-03-13 13:58:13 Silicon Valley Bank under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on Friday.

The collapse of Silicon Valley Bank (SVB) has caused a significant stir in the United States, as many believe it has revealed a weakness in the U.S. banking system.

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-13 13:50:16 Signature Bank becomes next casualty of banking turmoil after SVB

State regulators closed New York-based Signature Bank (SBNY) on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SIVB) in a collapse that stranded billions in deposits.

The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had $110.36 billion in assets and $88.59 in deposits at the end of last year, according to New York state's Department of Financial Services.

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-13 13:21:18 Banks with the highest percentage of negative AOCI to capital

There are 108 banks in the Russell 3000 Index RUA, -1.70% that had total assets of at least $10.0 billion as of Dec. 31. FactSet provided AOCI and total equity capital data for 105 of them. Here are the 20 which had the highest ratios of negative AOCI to total equity capital less AOCI.

But it is interesting to note that Silvergate Capital Corp. SI, -11.27%, which focused on serving clients in the virtual currency industry, made the list. It is shuttering its bank subsidiary voluntarily.

Another bank on the list facing concern among depositors is Signature Bank SBNY, -22.87% of New York, which has a diverse business model, but has also faced a backlash related to the services it provides to the virtual currency industry. The bank’s shares fell 12% on Thursday and were down another 24% in afternoon trading on Friday.

Market Data at https://www.ataf.market/

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-12 14:58:55 ‘Fiat is Fragile’ — Silicon Valley Bank's Collapse Sparks Finger-Pointing and Concerns of Contagion

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others blame the U.S. Federal Reserve’s rate hikes. Economist and gold bug Peter Schiff said on Friday that the U.S. banking system would experience more trouble ahead. He and several speculators believe that these financial institutions hold mountains of long-term treasuries.

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-11 21:54:17 List of 10 banks with unfavorable interest margin trends

List of 10 banks that raised similar red margin flags to those of SVB, here’s the same group, in the same order, showing negative AOCI as a percentage of total equity capital as of Dec. 31. We have added SVB to the bottom of the list. The data was provided by FactSet.

Market Data in Real-Time at https://www.ataf.market/

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-11 20:15:48 Biggest Bank Failure Since Great Recession Sparks ‘Overblown’ Fears of Contagion

The sudden collapse of startup lender Silicon Valley Bank—which has culminated in the biggest bank failure since the Great Recession—has wreaked havoc on stocks and sparked fears of a potentially systemic conundrum, and though experts say the fears are largely overblown, they also warn the related effects of the Federal Reserve’s interest rate hikes will continue to ripple through the economy for quite some time.

Will it happen again? Thousands of banks failed during the Depression and loss of confidence caused anxious depositors to create "runs" on banks as they tried to withdraw their money before the banks collapsed.

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-11 14:59:27 20 banks that are sitting on huge potential securities losses — as was SVB

SVB Financial Group faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash.

Trading of SVB Financial Group’s SIVB, -60.41% stock was halted early Friday, after the shares plunged again in premarket trading. Treasury Secretary Janet Yellen said SVB was one of a few banks she was “monitoring very carefully.” Reaction poured in from several analysts who discussed the bank’s liquidity risk.

A list of 10 banks were highlighted on Thursday that showed similar red flags to those shown by SVB Financial through the fourth quarter. This time, we will show how much they reported in unrealized losses on securities — an item that played an important role in SVB’s crisis.

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-11 14:42:47 US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual

After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial Protection and Innovation closed the financial institution. Insured depositors can withdraw their funds on Monday after the FDIC took over the failed bank.

The FDIC announced that federally insured depositors, up to $250,000, can withdraw their funds on Monday.

The failure of Silicon Valley Bank is one of the largest bank failures in the United States since the bankruptcy of Washington Mutual (WaMu).

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-10 19:30:16 Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss

On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” and is “well capitalized” going forward. SVB’s stock, SIVB, was halted during the premarket trading session on Friday after the bank announced it would release news.

Follow & share
Telegram | GETTR | Twitter | TRUTH | Gab | Parler | Website Open / Comment

2023-03-10 12:48:43 Do you enjoy reading this channel?

Perhaps you have thought about placing ads on it?

To do this, follow three simple steps:

1) Sign up: https://telega.io/c/TransAmericanFriendship
2) Top up the balance in a convenient way
3) Create an advertising post

If the topic of your post fits our channel, we will publish it with pleasure. Open / Comment