SVB is the first social media bank run in history. The crisis will change the banking industry forever.
, according to Tom Vartanian, author of"200 Years of American Financial Panics" who was general counsel of the Federal Home Loan Bank Board during the Savings and Loan crisis of the late 1980s.
Such palliative action no longer seems feasible considering"information is now so immediate, disinformation, too, can be transmitted instantaneously," Vartanian added. "ON MONDAY 100,000 AMERICANS WILL BE LINED UP AT THEIR REGIONAL BANK DEMANDING THEIR MONEY – MOST WILL NOT GET IT," he wrote, calling March 13 "MONDAY, BLOODY MONDAY."
Chen, the founder who deleted earlier tweets about SVB, took to Twitter again Monday to say that the histrionics of Calcanis and Sacks actually served to"prevent a massive bank run knowing they would get skewered for it."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How Silicon Valley Turned on Silicon Valley BankThe fallout from Silicon Valley Bank threatens to engulf Silicon Valley—and has put the rest of the banking system on edge
Consulte Mais informação »
Bank regulators seize Silicon Valley Bank in largest bank failure since the Great RecessionThe bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the bank.
Consulte Mais informação »
Can the Government Contain a Banking Crisis? - The Journal. - WSJ PodcastsWhen Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it. Further Reading: - How Silicon Valley Turned on Silicon Valley Bank - Silicon Valley Bank Closed by Regulators, FDIC Takes Control - Were SVB and Signature Bank Just Bailed Out by the U.S. Government?
Consulte Mais informação »
Bank of London bids to acquire Silicon Valley Bank's UK armThe Bank of London is leading a consortium of private equity firms seeking to purchase SVB's arm in the United Kingdom.
Consulte Mais informação »
Silicon Valley Bank collapse: FDIC holding auction for bank, final bids due SundayThe Federal Deposit Insurance Corporation started an auction on late Saturday for Silicon Valley Bank, with all bids due by Sunday afternoon, according to people familiar with the situation.
Consulte Mais informação »
Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, SilvergateState authorities closed Signature Bank Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008...
Consulte Mais informação »