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CNBC’s Jim Cramer Urged Viewers to Buy Silicon Valley Bank Stock Last MonthMar 13, 2023 - 07:38:19 PDT
“The ninth best performer to date has been SVB Financial. Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”
Greg Becker sold 12,451 shares at an average price of $287.42 each on February 27. The price plunged to just $39.49 in premarket Friday before the FDIC seized its assets.
To stem this tide, hard choices must be made: like strategically reducing our enemy count even as we continue to support allies like Ukraine. Perhaps most difficult, the U.S. must get its economic house in order by -- once and for all -- finally figuring out how to live within its means.
Mar 13, 2023 - 07:18:38 PDT
U.S. regulators took control of a second bank on Sunday and raced to roll out emergency measures to stem potential spillovers from Friday's swift collapse of Silicon Valley Bank, backstopping uninsured depositors and making more funding available to the banking system.
The U.S. Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures on Monday.
The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world.
There's one way to force President Joe Biden and Congress to solve the looming crisis over the debt limit : a financial market crash.
The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major bank was shut down.
If a bailout doesn't cost anything, is it really a bailout?
Investors flocked to safe-haven assets amid an emergency plan to backstop the banking system and limit the impact from the collapse of Silicon Valley Bank.
Watch Live: President Biden Explains The 'Resilience' Of The US Banking System: 0915ET 3/13/23Mar 13, 2023 - 06:01:49 PDT
With bank stocks - most notably small/medium-sized banks - deeply in the red, it appears at first glance that The Fed/TSY/FDIC cunning plan to implicitly backstop every deposit is not stemming the contagion's tide.
Markets are predicting a change in the course of interest rates now that there is trouble brewing in the banking sector.
If US officials don’t do something about the government’s fiscal problems, the bond market will.
SVB’s Demise Shows UK Pension Funds Weren't the Only Cockroach: BloombergMar 13, 2023 - 05:57:05 PDT
Elevated bond yields are revealing some nasty surprises. More are likely.
nstead, things are fairly calm in the tech sector. Well before markets opened this morning, the government had brokered a deal which will allow the Silicon Valley Bank’s facilities to continue without a hitch, thanks to a wholesale takeover by one of the largest banking institutions in the world, with all the security that would seem to offer. Even better, not a penny of public money seems to be involved.
Mar 13, 2023 - 05:42:07 PDT
At more than $110 billion in assets, Signature Bank is the third-largest bank failure in U.S. history, the Associated Press reported.
Ackman Says More Banks Will Likely Fail Despite Fed Intervention: BloombergMar 13, 2023 - 05:39:13 PDT
More banks will likely fail despite US authorities intervening to boost the confidence in the banking system following the collapse of Silicon Valley Bank, according to Pershing Square founder Bill Ackman.
2Y Treasury Yields Plunge Most Since 'Black Monday', Gold Soars As Rate-Hike Odds CollapseMar 13, 2023 - 05:37:27 PDT
The Fed/FDIC/TSY bailout (BTFP!?) has prompted a massive repricing of the market's expectations for The Fed's rate-trajectory from here.
Despite cries from Summers, Yellen and other the DC illuminati (Biden is oddly silent), US banks are NOT fine. In fact, banks in general are suffering from Fed rates increases due to holding of long-term Treasuries and MBS.
Mar 13, 2023 - 05:34:55 PDT
Silicon Valley Bank (SVB), the nation’s 16th largest bank, got caught in Ben Bernanke and Janet Yellen’s bear trap, the trap set when Bernanke/Yellen kept interest rates 25 basis points…