Credit Suisse Shares Tumble to a New Record Low After Collapse of SVB and Signature Bank

Credit Suisse shares tumbled to a new record low on Monday after Silicon Valley Bank and Signature Bank collapsed. The Swiss bank fell as much as 15% after taking losses for five straight quarters. Market Watch reported: Credit Suisse shares on Monday reached a new record low, falling as much as 15% as investors continued to hammer away at the stock of the Swiss banking giant … Continue reading Credit Suisse Shares Tumble to a New Record Low After Collapse of SVB and Signature Bank

Biden Lies By Omission – Forgets to Tell Americans that We Are Bailing Out China’s Venture Capital Business with Silicon Valley Bank Rescue

Joe Biden left out a very important point this morning about the bailouts he and his Administration are taking to rescue the Silicon Valley Bank.  Biden lies through omission. This morning Joe Biden tried to reassure the nation about the banking segment of the economy as his Administration announced over the weekend that it was bailing out two banks – Signature Bank and Silicon Valley … Continue reading Biden Lies By Omission – Forgets to Tell Americans that We Are Bailing Out China’s Venture Capital Business with Silicon Valley Bank Rescue

UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bank

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money. According to … Continue reading UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bank