@ffkn8

[Ming Zhao @FabiusMercurius]

🏦📉 SVB Crash Explained📉🏦

Silicon Valley Bank—#16 largest US bank with $212B — just crashed 60% in 1 day & fell 22% post-close. Stock halted now.

@BillAckman is calling a US gov bailout.
@peterthiel is calling a bank run.
JPM, BAC, WFC all dropped 6%.
What's next?

Is this (a) Lehman moment or (b) overblown?
Are depositors screwed or just equity investors?
And what do the terms "AFS", "HTM", "NII", & "FDIC Insurance" actually mean?

👇THREAD ON SVB
🧵/

[Formula 1 @F1]

A statement on the Russian Grand Prix