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Welcome To IANS Live - BUSINESS - Employees dumbfounded by how SVB CEO publicly acknowledged extent of financial troubles

One SVB employee was dumbfounded by how Becker publicly acknowledged the extent of the bank s financial troubles before privately lining up the necessary financial support to ride out the storm, CNN reported.This ....

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FOXNEWS Hannity June 4, 2024 06:05:00

To spiral out of control econom and that created the tenuous thtuation for all banks and our economy. at wasit was biden, it was not e who sat around and did nothing ab as one expert after another wasy warning about a looming disaster.tran they all lied.sitory, it s tem they said, no, it s transitory,y no it s temporary. t real, don it s not real. don t worry, it ll go away. is fact, analysts at jp morgan, they actually issued a warning specifically about silicon how valley bank in november of lastj year. so how did jp morgan know while the biden administration totally clueless? well, that s right.upid and the people who work in the biden white house are poli stupid and incompetent, but they re also politik. in maybe these are silicon valley friends of theirs. it will gein the dayt interestin the days to come when we find out how much money was donatedak by who and if anybody involved in these bank failures in fact,f donated big dollars to democrats instead of preventing crisi preves w ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 06:04:00

With silicon valley bank i don t know that my money i guaranteed people understandably were skittish, they moved a lot o those deposits to other banks. when the deposits go away, the banks struggle to operate. that could be happening for th small and mid sized banks. which we need in this country. on the other side, was wal street who did not get bailed out fro silicon valley bank. they got paid zero so for those who invest in banks, they too are feelin skittish they re saying, hold on. if people are pulling thei money out of other small banks i don t like how this turned out for me, i m going to get o the sidelines too. panic begins panic this is an issue of the huma psyche this is not a colossal financial crash. this is not the subprime crisis this is a very different situation. but one that could have a ba outcome. so let s discuss jake ward, let s start wit you. you spent the day outside of the silicon in california. talk about how this is impacting people, thickness to small indiv ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 03:04:00

Those deposits to other banks. when the deposits go away, the banks struggle to operate. that could be happening for th small and mid sized banks. which we need in this country. on the other side, was wal street who did not get bailed out fro silicon valley bank. they got paid zero so for those who invest in banks, they too are feelin skittish they re saying, hold on. if people are pulling thei money out of other small banks i don t like how this turned out for me, i m going to get o the sidelines too. panic begins panic this is an issue of the huma psyche this is not a colossal financial crash. this is not the subprime crisis this is a very different situation. but one that could have a ba outcome. so let s discuss jake ward, let s start wit you. you spent the day outside of the silicon in california. talk about how this is impacting people, thickness to small individuals. this is so interesting abou this, stephanie, to be there i front of this basically, parad ....

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