Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss – Bitcoin News

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SVB's stock, SIVB, was halted during the premarket trading session on Friday after the bank announced it would release news.

may have broken the U.S. banking system. “JAYPOW might have broken [the] U.S. banking system,” Hayes wrote. “In 2008 it was banks’ portfolios of bad credit – aka subprime. In 2023, it was banks’ portfolios of long duration bonds like UST and MBS??? If it goes down, then remember Mar ’20, big down, bailout, then big up! My body is ready.

” Billionaire Bill Ackman“The failure of [SVB] could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash,” Ackman. “If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered. After what the Feds did to [JPMorgan] after it bailed out Bear Stearns, I don’t see another bank stepping in to help [SVB].

 

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