2023-03-13
If we didn't already, we definitely all bank at the same place now: The Fed https://twitter.com/...
U.S. Department of the Treasury
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
2023-03-12
As of end of 2022, Silicon Valley Bank had 37,466 deposit customers holding in excess of $250,000 per account (the FDIC limit), totaling $157B They had 106,420 customers holding less than 250k, totaling only $4.8B. — This is a great read on Silicon Valley Bank https://twitter.com/...
Bloomberg
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
2023-03-11
As of end of 2022, Silicon Valley Bank had 37,466 deposit customers holding in excess of $250,000 per account (the FDIC limit), totaling $157B They had 106,420 customers holding less than 250k, totaling only $4.8B. — This is a great read on Silicon Valley Bank https://twitter.com/...
Net Interest
A closer look at the collapse of Silicon Valley Bank, the 16th largest US bank whose unrealized losses snowballed from $0 in June 2021 to $16B by September 2022
Markets/Econ — General Sherman's memoirs about the Page & Bacon 1855 bank run in San Francisco. Mike / Nongaap Investing : SIVB: Held-to-Mortem Governance Tweets: Mike / @nongaap...
As of end of 2022, Silicon Valley Bank had 37,466 deposit customers holding in excess of $250,000 per account (the FDIC limit), totaling $157B They had 106,420 customers holding less than 250k, totaling only $4.8B. — This is a great read on Silicon Valley Bank https://twitter.com/...
Bloomberg
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB
2021-01-13
Big believer in not worrying about things I have zero control over but I am definitely worrying about this https://twitter.com/...
New York Times
A look at those unlucky enough to forget the password to access their bitcoin; Chainalysis says 20% of all bitcoin, or ~$140B, appears to be lost or stranded
Also the Libor transition and Chinese stock bans. Charlesarthur / The Overspill : Start Up No.1462: the bitcoin millionaires with no money, the “clean” CES, the trouble with scotch...