- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
89% of SVBs $175 billion in deposits was not FDIC insured at the end of 2022
Posted on 3/10/23 at 9:42 pm
Posted on 3/10/23 at 9:42 pm
quote:
SVB Financial Group's (SIVB.O) Silicon Valley Bank had a relatively high amount of uninsured deposits as it courted tech workers and venture capital firms. The FDIC said on Friday the amount of uninsured deposits at the bank was “undetermined,” likely complicated by the rush of bank customers to remove uninsured funds. But data submitted to the FDIC by the bank at the end of 2022 showed that 89% of its $175 billion in deposits were uninsured.
LINK
Reports of a lot of companies struggling just to cover payroll today.
This post was edited on 3/10/23 at 9:46 pm
15
Posted on 3/10/23 at 9:45 pm to stout
Posted on 3/10/23 at 9:45 pm to Padme
Swalwell wants to bail them all out
LINK
quote:
I’m working with my CA colleagues to address the Silicon Valley Bank crisis. We must make sure all deposits exceeding the FDIC $250k limit are honored. Banking is about confidence. If depositors lose confidence on the safety of their deposits over 250k then we are in trouble.
LINK
Posted on 3/10/23 at 9:49 pm to stout
Swallowswell can eat a contractor bag full of dicks
Posted on 3/10/23 at 9:50 pm to stout
Another bad week in the stock market next week, then the week after, the fed pauses interest rate hikes, and saves the day.
Posted on 3/10/23 at 9:53 pm to stout
Sorry, we only bail out Ukrainian puppets installed by NATO
Posted on 3/10/23 at 10:00 pm to stout
Sadly, a lot of SVB investments were 10-30 year treasuries paying less than 1% yield. What could go wrong when the Fed goes from ZIRP to nearly a 4.5 Fed funds rate?
Posted on 3/10/23 at 10:00 pm to stout
Every penny will be recouped by depositors from our federal government.
Posted on 3/10/23 at 10:04 pm to stout
So Vanguard, SSgA Funds and Black Rock among others are going to see the benefit of a bail out from the FDIC. Your taxpayer dollars are going into good hands.
SVB Financial Group
SVB Financial Group
Posted on 3/10/23 at 10:10 pm to stout
There are products you can buy to insure
Their users should be more sophisticated
Their users should be more sophisticated
This post was edited on 3/10/23 at 10:13 pm
Posted on 3/10/23 at 10:24 pm to jrobic4
quote:
Swallowswell can eat a contractor bag full of dicks
This ^^^ enemy of our constitutional republic should be flogged and incarcerated.
Posted on 3/10/23 at 10:59 pm to jrobic4
quote:
Swallowswell can eat a contractor bag full of dicks
frick SVB, their shareholders, and Big tech clients
Posted on 3/10/23 at 11:15 pm to stout
If 160 billion goes poof it’s going to impact a lot of companies.,
Posted on 3/10/23 at 11:20 pm to stout
How could anybody not make sure their money is under the 250k limit?
I rotate my money around in 100k-200k short term CDs in different banks to make sure Im protected.
I rotate my money around in 100k-200k short term CDs in different banks to make sure Im protected.
Posted on 3/10/23 at 11:20 pm to LSUFanHouston
quote:
If 160 billion goes poof it’s going to impact a lot of companies.,
Thats just a few months in Ukraine
Posted on 3/10/23 at 11:27 pm to stout
quote:
We must make sure all deposits exceeding the FDIC $250k limit are honored
FDIC
(F)ederal
(D)eposit
(I)insurance
(C)orporation
Posted on 3/10/23 at 11:30 pm to LSUFanHouston
quote:
If 160 billion goes poof it’s going to impact a lot of companies.,
As it should. It’s time to pay the piper. We all have to suffer, some just more than others.
This post was edited on 3/10/23 at 11:31 pm
Posted on 3/10/23 at 11:41 pm to SippyCup
Roku just said they had 487 million deposited there
Posted on 3/10/23 at 11:47 pm to Cosmo
quote:
How could anybody not make sure their money is under the 250k limit?
Most of their customers are corps with hundreds of millions in cash.
Posted on 3/10/23 at 11:55 pm to LSUFanHouston
quote:
Roku just said they had 487 million deposited there
Then their CFO, CEO, internal audit and external audit should be fired.
Half billion deposited at one institution is simply failing with the fiscal responsibility granted them.
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News