@osint12_ But current govt bailed out SVB in the US and HSBC acquired SVB UK, so all is ok now. Everything is back to normal... nothing more here to see... π Legacy system is too big to fail.
@SVB_UK@HSBC_UK By 'return to business as usual', you mean that such an event would never happen again with tighter risk management oversight, higher % of insured deposits, etc? Or does it mean tt nothing changes since HSBC will absorb any future mess π€?
@West_Looper And I agree with you. No bailout for SVB but there is a group of VCs who are rallying to pledge support for SVB if they are somehow saved.
@mcuban Finally an influencer that is on the right side, unlike some VCs pledging support for #SVBπ€¦π½ββοΈ. Venture debt should be a last resort for startup entrepreneurs & only done with the right partner.
@SunitaP40519682 The VC community has been making deplorable decisions investing in FTX, Celsius, Blockfi and now SVB and encouraging startups to bank with SVB. Seriously, founders who continue to support these VCs after this, without demanding for higher stdrd of dd deserves whats coming.
@SVB_Financial@Forbes I'm interested to hear from the editors & writers on @Forbes on what due diligence standard they use in journalism. They should be held accountable for propagating scammy banks like #SVB to the community.
@peterclowes Nah, none of this is going to happen. Lots of brands swore off and boycotted FB after the data leak scandals years back but look where they're now.. back spending billions on FB advertising... As long as the platform is not bias, the voices of the moderates will always win out.
@cryptocom@cryptocom should just stop bullshitting & address its lapses in security before encouraging more people to trust it with their funds. Stop treating us like dumbos.Lots of crypto exchanges' CEOs have held exactly the same AMAs only to declare chap 11 soon after.Not buying it.
@cryptocom Did not address the $400m lapse in governance and compliance processes in the AMA but kept name dropping 'trust marks' from Singapore as if that is an assurance that the exchange is safe. Singapore's sovereign fund, #Temasek invested $200m in #FTX and see where it is now.