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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 16 KB, 654x229, FrDW-87XwAMs8vz.png [View same] [iqdb] [saucenao] [google]
54070162 No.54070162 [Reply] [Original]

Signature bank closed by State Authorities!

>> No.54070198

>>54070162
https://twitter.com/lookner/status/1635043103336960000?cxt=HHwWgMDQ7cTC67AtAAAA

>> No.54070200

>>54070162
https://twitter.com/spectatorindex/status/1635043489338777600?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Lel

>> No.54070211

>>54070162
their name crossed paths with me a few days ago. Can't remember the whole story; but they were partners (I think) with the other failed bank in some crypto? exchange/company which went boom

>> No.54070231

>>54070162
https://www.youtube.com/watch?v=BjTYUxDyjI8

>> No.54070250

>>54070162
I feel like a kike dancing on a rooftop after 9/11. It’s habbening!!!

>> No.54070255

wow, a medium sized bank like SVB failed and now tiny literal who banks are failing? this will crush the economy and the country its over...

>> No.54070256

>>54070162
nothing burger. Nothing ever happens

>> No.54070258

all us banks are insolvent, digits confirm.

>> No.54070261
File: 603 KB, 1797x817, 123456.png [View same] [iqdb] [saucenao] [google]
54070261

>>54070162
crazy how many look like this

>> No.54070265
File: 2.08 MB, 2944x2208, The fuck did he mean by this.jpg [View same] [iqdb] [saucenao] [google]
54070265

STOP PANICKING DO NOT WITHDRAW CASH AND BUY BITCOIN YOU WILL RUIN THE MARKET

>> No.54070268

>>54070198
BREAKING NEWS BREAKING NEWS
BREAKING NEWS
Thank the moderators btw

>> No.54070272

>>54070162
Digits for Deutsche Bank DOOM

>> No.54070273
File: 1.92 MB, 1142x2536, biz right now.jpg [View same] [iqdb] [saucenao] [google]
54070273

>>54070162

>> No.54070277
File: 354 KB, 1800x1800, machine.png [View same] [iqdb] [saucenao] [google]
54070277

ANOTHER ONE BITES THE DUST

>> No.54070279

>>54070255
kek this

>> No.54070281

>>54070162
how many so far? 3?

>> No.54070289

>>54070162
This is good. All deposits are backstopped. They need to clear out the bullshit.

>> No.54070293

Digits for First Republic sinking

>> No.54070300

>>54070162
BTC will unironically moon so fucking hard thanks to this.

>> No.54070302

>>54070198
>link ends with AAAA
kek

>> No.54070303

>>54070281
4 if you count Silvergate

>> No.54070307

>>54070265
Don't worry I'm broke. Can't withdraw what I don't have

>> No.54070336
File: 30 KB, 1018x419, Screenie_31.png [View same] [iqdb] [saucenao] [google]
54070336

FLIGHT FROM TRADFI INTO BTC CONFIRMED

>> No.54070338
File: 55 KB, 469x665, Benson.jpg [View same] [iqdb] [saucenao] [google]
54070338

>>54070162
Yes, all the banks doing Crypto are either going under right now, or will be SEC'd out of business.

Meaningless to the economy unless your personal economy involves Crypto.

>> No.54070360

>>54070162
Better source:
https://twitter.com/SaraEisen/status/1635043794814119937?cxt=HHwWgsDR4eTq67AtAAAA

>Regulators deliver: Treasury announces SVB depositors will have access to all of their money starting Monday. Same for Signature Bank, which it closed today… “Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed”

>> No.54070385

BUILD BACK BETTER
BUILD BACK BETTER
BUILD BACK BETTER
BUILD BACK BETTER
BUILD BACK BETTER

WE DID IT BIDENBROS

>> No.54070409

>>54070385
If Dark Brandon kills crypto banking I swear to God I will hang up his portrait.

>> No.54070412

>>54070162
So what are your plans for tomorrow anon?

https://strawpoll.com/polls/kogjkJvwqZ6

>> No.54070422

>>54070338
>California tranny startup has something to do with crypto apparently
>defaults
>btc goes up
Wtf I love California now?

>> No.54070432
File: 7 KB, 233x216, 73c.jpg [View same] [iqdb] [saucenao] [google]
54070432

>Two more weeks

>> No.54070440

APMEX sent a text to get boomer rocks.

>> No.54070491

>>54070256
>nothing burger. Nothing ever happens
This dated meme speak Fed

>> No.54070494

>>54070422
Bitcoin has never rationally gone up or down, it just gets volatile on exciting news. May drop 20% tomorrow, there's no fucking telling.

>> No.54070519

Signature Bank is a frotress

>> No.54070527

>>54070307
then the fiat system as worked as planned.

>> No.54070532

>>54070432
>*every bank collapses, the chinks invade, everyone you know is killed*
>heh two more weeks, nothing ever happens

>> No.54070543

holy crap a failed bank just flew over my house

>> No.54070550

>>54070265
The only banks that are failing are those most involved in crypto, moron. This isn't a coincidence.

>> No.54070555

>>54070300
and yet you will never be able to cash out

>> No.54070560

>>54070162
yes...
yes....
CONTAGION

>> No.54070604

>>54070265
Look it’s that faggot advocating online IDs yesterday. How are you today agent faggot?

>> No.54070608
File: 39 KB, 780x438, h.jpg [View same] [iqdb] [saucenao] [google]
54070608

usdc uses signature bank

>> No.54070640

>>54070555
it's very easy to cash out without kyc for cash

>> No.54070655
File: 37 KB, 363x363, 1668474470496860.jpg [View same] [iqdb] [saucenao] [google]
54070655

>>54070608
DEPEG
>DEPEG
DEPEG
>DEPEG
DEPEG
>DEPEG

>> No.54070664

>3 banks down
>fed announces that it will make all depositors whole
Uuuuuh, did we just unlock the infinite money glitch?

>> No.54070681

Right when the new bull run was starting

>> No.54070695

>>54070608
>>54070655
They used too, they moved everything to BNY Mellon.

>> No.54070701
File: 24 KB, 349x356, dddddddddddddddddddddddddddd.jpg [View same] [iqdb] [saucenao] [google]
54070701

>>54070162
>IT'S REAL

>> No.54070740
File: 12 KB, 168x168, 1516455137606.jpg [View same] [iqdb] [saucenao] [google]
54070740

>>54070664
in case your testosterone blockers blurred your vision it is only 25B for the bank who had 90B of unhedged bonds

>> No.54070753
File: 27 KB, 728x160, Screenshot from 2023-03-12 17-41-27.png [View same] [iqdb] [saucenao] [google]
54070753

>>54070162
Source because op is cocksucker
https://home.treasury.gov/news/press-releases/jy1337

>> No.54070757
File: 5 KB, 250x250, funny2.jpg [View same] [iqdb] [saucenao] [google]
54070757

START THE PRIHNTER AGAIN JEROME

>> No.54070761

>>54070360
thanks for clarifying, nobody provides links these days

>> No.54070785

>>54070162
didn't someone call this yesterday?

>> No.54070790
File: 29 KB, 472x461, 1678516945878312.jpg [View same] [iqdb] [saucenao] [google]
54070790

>>54070695
ok we are all gonna make it then

>> No.54070892

>>54070790
Yeah USDC is fine. They have $5.4bil in BNY Mellon, $3.3 in SVB, and $1bil in Customers, the have no silvergate or signature exposure anymore.

>> No.54071040

Thread Theme:

https://www.youtube.com/watch?v=SsmVgoXDq2w

>> No.54071054

>>54070162
WILL THE FED PIVOT?

>> No.54071078

Bailed out, https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm what now bobo?

>> No.54071099

HOLY SHIT THE PROPHECY

>> No.54071106
File: 82 KB, 600x500, 1673464232077926.jpg [View same] [iqdb] [saucenao] [google]
54071106

Why is nobody panicking about this? Aren't they literally the last bank providing cashout services to exchanges?

>> No.54071112

>>54070162
Crypto bank too lmao

>> No.54071116

>>54070211
signature and silvergate are important american onshore banks for crypto. The fact that signature is feeling the heat is pretty funny, going to be fun seeing how crypto exchanges dance around the subject

>> No.54071128

lmao, this is what the techbros get for bragging about playing vidya on the clock. good riddance. fuck those leeches. hope you all enjoy working at starbucks, loosers

>> No.54071130

Sorry boboniggers, QE is back, the Feds will rescue every bank with infinite money if they have to.

EVERYTHING is going to poomp now, the good times are back, permanently.

>> No.54071143

>>54070255
>Says increasingly nervous heavy bag holder for the 564 times

>> No.54071155

>>54070360
again another nothing burger people literally have fuck all idea about how controlled the system is
>>54070761
It's because people want to sow seeds of chaos in the US. Do think this is all natural? There are probably a lot of foreign agitators spreading disinfo to fuck with US markets.

>> No.54071159

Anyone got that pic with the chart of the banks with liquidity issues?

>> No.54071173

>>54070162
I find it funny the crypto-adjacent banks are failing before crypto does.

>> No.54071194

>>54071106
BNY Mellon and MVB

>> No.54071199

>>54071130
how do i long hyperinflation

>> No.54071251
File: 47 KB, 693x567, 1678636129724406.jpg [View same] [iqdb] [saucenao] [google]
54071251

>>54070162
>Silvergate
>Signature Bank
Wow, really strange that banks serving crypto offramps are failing.

>> No.54071283

>>54071078
>The additional funding will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral.

BTFP
Blown to fucking pieces

>> No.54071384

>>54070162
AHHHH A BANK JUST FLEW OVER MY HOUSE!!!

>> No.54071407

>>54071199
Precious metals.

>> No.54071430

>>54070162
never heard of them
complete nothingburger

>> No.54071491

>>54071199
7.62x39

>> No.54071518

>>54070162
Nothingeverhappensbros... what the fuck are we supposed to do rn

>> No.54071519
File: 244 KB, 1080x1080, The Rarest Pepe Is Brotherhood.jpg [View same] [iqdb] [saucenao] [google]
54071519

>>54070604
I don't support online ID or was even part of that discussion
I dox myself because it shows my brothers they are not alone in this chasm of glowniggers. Posters that claim fat/ugly/shitskin become a joke when they show anons my 6 pack or my 8 inch penis
Dox me nigger agent. Show the discord trannys 4chan is filled with big dick white boys

>> No.54071540
File: 90 KB, 957x621, 1668370044617146.jpg [View same] [iqdb] [saucenao] [google]
54071540

LEAVE YOUR MONEY IN THE BANK
>LEAVE YOUR MONEY IN THE BANK
LEAVE YOUR MONEY IN THE BANK
>LEAVE YOUR MONEY IN THE BANK
LEAVE YOUR MONEY IN THE BANK
>LEAVE YOUR MONEY IN THE BANK
LEAVE YOUR MONEY IN THE BANK
>LEAVE YOUR MONEY IN THE BANK

>> No.54071546

No one cares about your gay fake banks and their fake money.
Proof of reserve or gtfo.

>> No.54071565

>>54070494
Yikes bro post didn't age well haha
Buy bitcoin

>> No.54071575

>>54071546
>proof of reserve
>a digital IOU

>> No.54071613

I told you niggers this is the only way:
We need to start making management more accountable for these things.

>FED as a "lender of last resort" should implement a "line of credit of last resort" charging at least bank prime (a neutral rate for the bank, a positive rate for the people)
>Regulators or people named by the FED should take over the bank's management and oversee it
>FDIC would have to guarantee all deposits (capital injection won't work if there are still bank runs)
>FED sells the bank once their money is recovered and bank's business model is stable.
>Old management should be forever banned from financial industry work. Not even as bank tellers they could find a job.

Two points I am not so sure yet:
>Old management could be liable or investigated (?)
I am not too sure how this one would go yet, but it would be handled in court. Basically the idea is to create deterrence for management to be greedy/retarded.
>Stock should stop trading on the day regulators take over and "liquidated" using the balance sheet on that day PRIOR to capital injection.
If the value is zero so be it. That's how it should be under capitalism. After the "liquidation" the bank is pretty much FED property (I wouldn't call nationalization of the bank since the idea is to sell) and can be sold to the public or other banks.

It's basically an LBO.

Shareholders should get only what they deserve because that is capitalism.
Management should be banned from financial industry, investigated and maybe fined (to create deterrence in the future).
Depositors should be 100% insured because that is the only way fractional-reserve system can work. And desu, fractional reserve system is a great approach to banking in our modern economy, so I wouldn't blame that.
And the tax payer does not spend a dime because the FED gets the money from private lenders. Even if there is tax dollars being poured, the tax payer makes interest at prime.

I think I covered all the game theory around this shit.

>> No.54071695

>>54070250
>I feel like a kike dancing on a rooftop after 9/11. It’s habbening!!!
The Australian stock market opened flat this morning. Usually it over reacts to american market bullshit but not this time. Nothingburger.

>> No.54071727
File: 81 KB, 794x688, 98465131986152319864521.png [View same] [iqdb] [saucenao] [google]
54071727

Systemic risk exception, sorry doomers its paid for.

>> No.54071764

>>54071575
No I mean cryptographically proven in real time via the globohomo token known as Chainlink.

>> No.54071798

>>54071727
Let's see who joins the list. First Republic is a given.

>> No.54071804

>>54070162
While major banks stayed away from what Jamie Dimon called a “decentralized Ponzi scheme,” many small lenders saw a profitable niche in helping to service companies operating in the fledgling space. They include Silvergate Capital Corp., Provident Bancorp Inc., Metropolitan Commercial Bank, Signature Bank and Customers Bancorp Inc., among others. The recent collapse of FTX puts their business in the spotlight.


two down, three to go
good luck gentlemen

>> No.54071840
File: 276 KB, 1169x1764, 17B68817-0EE9-4BEF-B142-24054008D747.jpg [View same] [iqdb] [saucenao] [google]
54071840

>>54070162
https://www.twitter.com/gurgavin/status/1635052857941704704?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

>> No.54071941

>>54071143
I'm up

>> No.54072092

>>54070162
https://gematriaeffect.news/regulators-close-new-yorks-signature-bank-citing-systemic-risk-sunday-march-12-2023/

and you goyim mind control slaves thinks its random

>> No.54072105

>>54070265
No, I don't think I will.

>> No.54072160

>>54070303
Four? Signature, Silvergate, SVB, and what else?

>> No.54072177
File: 75 KB, 220x210, 1678512132395252.gif [View same] [iqdb] [saucenao] [google]
54072177

>>54070256
>>54071155
>>54071430
>>54071695
How many banks have to go broke till it's a Somethingburger?

>> No.54072180

>>54072160
First Republic

>> No.54072211

>>54072177
you just don't realize what paradigm you are living in currently. You are still thinking its 08 or that your fictional made up financial economics fucking matter.

>> No.54072228

What happens when the FDIC runs out of money because too many banks are breaking at the same time?

>> No.54072237

>>54071130
QE won't matter for crypto. No bank will risk it.

>> No.54072245

>>54071540
No, I don't think I will.

>> No.54072261

>>54070293
Their realized loses are less than their overall equity so I don't think it's as likely, but we'll see how much the FUD induces a run on their deposits tomorrow.

>> No.54072278

>>54072228
Let's not get ahead of ourselves, here. We should only be so lucky

>> No.54072286

will all this hurt the dollar or no?

>> No.54072287

>>54072228
>too many banks are breaking at the same time
The Fed has now made that impossible. Watch out for hyperinflation instead.

>> No.54072296

>two of the most crypto friendly banks close on the same weekend within 48 hours
>total cohencidence
I think Americans are going to have a really hard time on/off-ramping very soon

>> No.54072303

NYC nigga checking in. i just heard gunshots on pearl street.

>> No.54072312

>>54072180
It hasn't failed yet though. Not saying it won't.

>> No.54072320
File: 340 KB, 1179x2432, 1678664375740.jpg [View same] [iqdb] [saucenao] [google]
54072320

This is their website?

>> No.54072325

$20 billion just wiped the fuck out

>> No.54072354

when was the last time there was a run on a major bank?

>> No.54072389

>>54072312
There is less difference than people would prefer between a bank that is failing, and a bank people perceive to be failing. It belongs on the list by dint of reference in relation to these discussions alone.

>> No.54072418

>>54072389
*by dint of relation to

>> No.54072424

So for all these supposed happenings why are we pumping

>> No.54072475

>>54072424
Nothing is pumping, compared to even 2 years ago. Equalizing, maybe.

>> No.54072531

>>54071128
I also jerk off on the clock u jelly?

>> No.54072574
File: 47 KB, 606x605, Cramer-SignatureBank.jpg [View same] [iqdb] [saucenao] [google]
54072574

BankBros...

Why does he keep Fucking doing this?

>> No.54072583

>>54070385
unironically this is helping us in the long run, you just have a low IQ to see it

>> No.54072604

>>54070640
Not in australia

>> No.54072647

>>54072211
hows a nigga supposed to make it then if it's all controlled from top to bottom

>> No.54072698
File: 185 KB, 720x1640, Screenshot_20230312-152851.png [View same] [iqdb] [saucenao] [google]
54072698

>>54070162
Alright listen up fags We are entering extreme fear territory.

I repeat EXTREME

>> No.54072703
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54072703

>>54070162
Pic related is next.

>> No.54072812

>>54070162
>tfw you work for them

>> No.54072821

>>54070255
Are you really that retarded. Think of this in context. This isn't happening in some booming economy. This is after 2.5 years of decay. Do you think at all? For real bro.

>> No.54072833
File: 62 KB, 230x172, 1539972071315.png [View same] [iqdb] [saucenao] [google]
54072833

Black Tuesday 2: Electric Boogaloo

>> No.54072849

>>54070532
more like
>nothing happens
lol

>> No.54072852
File: 211 KB, 1600x900, sgnature.jpg [View same] [iqdb] [saucenao] [google]
54072852

>> No.54072856

>>54072703
I hope not I have stocks with those niggers.

>> No.54072873
File: 182 KB, 1068x2048, FrDZD8QWAAAuw7v.jpg [View same] [iqdb] [saucenao] [google]
54072873

>> No.54072936

Fed guaranteed all deposits above 250k in SVB, crisis averted and we will enter a great recovery in no time, in 1 month we won't even remember this bank going bust

>> No.54072971

>>54070255
This but unironically

>> No.54073058

>>54070162
A failed bank just flew over my house!

>> No.54073065
File: 128 KB, 1200x900, leverage ratio chart.jpg [View same] [iqdb] [saucenao] [google]
54073065

>>54070162
How likely is it that Charles Schwab will fail?

>> No.54073173

>>54072698
does this mean crash time boiz?

>> No.54073177

>>54070255
that zestimate is going through the floor sweaty

>> No.54073219

>>54072418
Fair, but I thought you were talking about ones that had already failed.

>> No.54073223

>>54072647
Its always been but now I think you can if you know what to invest in.

>> No.54073225

I want to go to bed but I'm afraid I'll miss more bank closing announcements if I do.

>> No.54073261

>>54073225
Are small time banks effected by this? Asking for a friend

>> No.54073289

>>54070555
Imagine owning crypto with the intention of trading them for worthless paper or central bank controlled fiat.

>> No.54073385

>>54070162
Non crypto banks will be bailed out, crypto banks get fucked.

>> No.54073584

>>54073173
Yeah but not tomorrow. Might take a couple of weeks.

>> No.54073620

>>54070256
this literally already IS a happening

>> No.54073637

>>54072211
This post made me lose IQ points

>> No.54073661

Sirs please do not withdraw cash in fear, together ape strong.

>> No.54073663

>>54073620
Why are futures green?

>> No.54073707

>>54073584
now hypothetically why should this take weeks? Wouldn't the extreme fear, bank runs due to now 3 banks failing, and 2008 deja vu lead to people trying to get the fuck outta the markets?

>> No.54073736

>>54070550
Retard you need to get this
> Crypto
> Bank
Pick one

>> No.54073833

>>54073707
I bet most people don't even have any money on their accounts. I read somewhere before that more than half average Americans have less than 1K. When Fed starts dumping everything they bought during COVID-19 maybe we will see some happening. IMHO

>> No.54073845

>>54073219
You're not wrong to be sticking with the official narrative. It's as valid a choice as any other, if not more so. I don't know what the initial anon was thinking of as the 4th. I just called it the way I see it.

>> No.54073963

>>54072574
QUICK TELL HIM TO RECOMMEND THE USD

>> No.54074207

>>54070162
This is a good thing. Removing small banks is one of the easiest ways to reduce the money supply, reduce inflation, kill zombie companies and hurt the least amount of Americans as possible while keeping the ecconmy moving forward. It's actually a brilliant move.

>> No.54074232

>>54073637
doubt you can lose much more fucking faggot

>> No.54074261

>>54073663
Because this is a good thing. When the masses think something is scary is a good time to go all in.

>> No.54074373

>>54071283
They're just kicking the can until the next presidential election. It doesn't solve the bank assets against deposits is still negative, and the loan itself may be charged the fed's rate.

>> No.54074406

>>54072574
He's warning us anon

>> No.54074430

>>54074207
t.Janet Yellen.

>> No.54075300

Bail-ins Incoming

>> No.54075350

Literal nothingburger due to the actions taken today by the FDIC, Treasury, and Federal Reserve. All customers will be able to access 100% of their funds tomorrow. I'm feeling sleepy... anyone else tired? Time for bed.

>> No.54075829

you have to admit it is a curious coincidence that four banks are down in such a short time

>> No.54076005

>>54071613
Sensible approach

>> No.54076122

>>54070255
2008 went slowly too. Small banks then eventually big banks.

It's over oy vey.

>> No.54076208

>>54070543
Upvoted

>> No.54076236

>>54075350
Wow I just yawned too. It is getting quite late.

>> No.54076434

>>54070162
Every time I see this thread I think a new bank has collapsed

>> No.54077638

>>54072821
>This isn't happening in some booming economy.
Gen alpha don't know anything except a booming economy, they have no context for this moment with which to understand it. Baptism by fire is their only option.

>> No.54077668

>>54076434
Seriously just delete this thread and move the fuck on. Now that the degenerate gamblers out of California got their bailout and pivot, nobody gives a fuck about this bank.

>> No.54078013

>>54075350
AI post

>> No.54078086

>>54070162
>Coinbase says that it hold $240 million in signature bank.