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BBCNEWS BBC News June 4, 2024 15:11:00

It an issue of shouldn t be a problem there. isn t it an issue of confidence, in terms of institutions, companies, that need money from the banks, confidence is such a huge factor, isn t it? ~ , , i. confidence is such a huge factor, isn t it? ~ , , i. . isn t it? absolutely, you saw what ha ened isn t it? absolutely, you saw what happened with isn t it? absolutely, you saw what happened with silicon isn t it? absolutely, you saw what happened with silicon valley - isn t it? absolutely, you saw whatj happened with silicon valley bank when happened with silicon valley bank when confidence disappeared, its deposits when confidence disappeared, its deposits were withdrawn very quickly, deposits were withdrawn very quickly, leaving it without sufficient amounts of capital to meet sufficient amounts of capital to meet the sufficient amounts of capital to meet the needs of its customers. i think meet the needs of its customers. i think what meet the needs of its customers. i ....

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MSNBC Andrea Mitchell Reports June 4, 2024 16:41:00

Savings and loans crisis in the 1980s. silicon valley bank saw $42 billion of withdrawal in a single day that s not it s a wonderful life in the digital era, confidence can disappear faster than a snapchat message we need more scrutiny to protect other banks and the regional banks going forward. what do you see as the impact on the tech sector since they finance so many startups i don t want to be in a nation where three or four very large banks based no new york city dominate financial services all across the country regional banks play an incredibly important role. they understand local conditions better than anyone they foster innovation if you look at silicon valley bank s customers, they were working to cure cancer, to enhance our national security. i think what we have been able to do with these emergency measures is protect a domino ....

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LIVE 10:30 AM ET: Bank Runs Feared Amid SVB Crash; Domino Effect Could Roll Through Economy

A key bank for America’s tech sector, Silicon Valley Bank, is in the process of collapsing. This is . ....

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CNN CNN Newsroom With Jim Acosta June 4, 2024 00:06:00

. we have not seen layoffs to that, but if they are not able to get access to funds of that is definitely a possibility. i hate to be a pessimist, but it is a fair question to ask. what is the next possible domino to fall? that is the question. was the implication of this? the truth is we do not really know. all eyes are on a lot of regional banks similar. one bank is first republic bank. a bank who shares dropped more than 50% for being halted but eventually the stock rallied for the week. first republic says the liquidity position remains strong, but on monday we will see if investors and the people who have their money in first republic believe that. bloomberg reported doing her and venture capitalist peter teal had his companies pull their funds from sbb this week. do we know what kind of role that played in all of this? peter is an incredibly ....

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BBCNEWS BBC News June 4, 2024 04:05:00

On monday. i think that s a really big deal. what is the fed going to do over the weekend? the story you had, yes, there is federal insurance and deposits, only up to 250,000. overthat, we and deposits, only up to 250,000. over that, we don t know what s going to happen, they may get their money back, they may get their money back, they may get their money back, they may not. but the danger is this sector domino goes and there is panic around the world, but hopefully that won t happen. figs world, but hopefully that won t hauen. a world, but hopefully that won t ha..en , world, but hopefully that won t hauen. happen. as you say, in terms of diversification, happen. as you say, in terms of diversification, when happen. as you say, in terms of diversification, when perhaps i happen. as you say, in terms of diversification, when perhaps a | diversification, when perhaps a bank has investments and assets into lots of parts, that has changed considerably since 2008. are we looking at ....

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