#RSL this is the last home game! We need to pack this stadium!! We promise you that we will get your tickets to fans who either can’t afford to go, or haven’t gone in a while or ever! Please don’t let your tickets go to waste! We need to pack the stadium!!!
#RSL fans! Last home game of the year(regular szn) means last redistribution of the year! This has taken off more than I ever thought it would! If you are not using your tickets pls don’t let them go to waste! I promise you I will get them to people that can use them!!
California Gov. Gavin Newsom has had personal accounts with Silicon Valley Bank for years; three of his wineries are clients.
Also, an SVB president sits on the board of his wife’s charity.
https://t.co/MJ72NpBaBH
Bank stocks halted today:
Signature Bank
First Republic Bank
Western Alliance Bancorporation
PacWest Bancorp
Bank of Hawaii
Metropolitan Bank
Macatawa Bank
Zions Bancorporation
Customers Bancorp
East West Bancorp
Former Rep. Barney Frank (D-MA) endorsed changes to his own Dodd-Frank law in 2018 that freed mid-sized banks from undergoing stress tests. He sits on Signature Bank's board, which just collapsed.
I reached him via phone tonight and he declined to comment https://t.co/JY77rtNkHt
After successfully lobbying for repeal of key Dodd-Frank banking regulations, Silicon Valley Bank immediately began lobbying FDIC. Two of the lobbyists previously served as senior staffers for House Speaker Kevin McCarthy, who himself pushed for the repeal
https://t.co/G5FLG0jGZ2
BREAKING: Many companies have exposure to the now collapsed Silicon Valley Bank.
There wasn't a full list.
Until now.
For example:
- BlockFi: $247M
- $ROKU: 487M
- $SMGO: $34M
- $AMBA: $17M
- Circle $USDC: $3.3 billion
See full list: https://t.co/JnYyayui6d
Silicon Valley Bank fails. Here's the latest:
-FDIC appoints a receiver
-Bank’s attempt to raise capital failed
-Startup founders lined up at SVB branches to withdraw money
-Treasury is monitoring other banks in aftermath of SVB meltdown
Good Morning Everyone! Silicon Valley Bank is getting worse. Customers trying to pull millions of dollars out and can’t. Online banking and mobile services showing unavailable for some customers.
Stock down 60% pre-market.
If the bank fails, it would be the second largest bank failure in US history.
Bank stocks halted right now:
First Republic Bank
Silicon Valley Bank
Western Alliance Bancorporation
Signature Bank
PacWest Bancorp
This is a critical moment for banking and the entire economy