Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed

MKTrader said:
But they virtue signal about it. Back when I worked for the "man" (usually a minority woman), I often had 2X or 3X the credentials, job knowledge and productivity of some of my "superiors." There was a lot of that happening, even before the DIE (Diversity, Inclusion and Equity) totalitarians officially took over.
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So you didn’t make it to senior teller. Boo fukn Hoo. Time to schlep you sorry ass down to the politics section.
 
NoahA said:
I guess now her risk management skills are iffy, but her qualification of being a woman seems solid, so future prospects are still bright! (mind you, I guess we have no real way to verify if she is in fact a woman since gender is supposedly a social construct)
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I'll make no such assumption. C.R.O. as well as all the other C's report to the C.E.O. I would say he did an iffy (being generous) job.
 
Monobrowtrading said:
So you didn’t make it to senior teller. Boo fukn Hoo. Time to schlep you sorry ass down to the politics section.
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How are the druggies and street defecators in your hood? Oh wait, I forget you're one of them...the guy who goes to the public library to post on ET. Have a great weekend and don't blow through your EBT too fast!
 
Personal stories of workers who didn't get paid today because their companies banked with SVB:

https://www.reddit.com/r/path%3D%252Fr%252Fnews%252Fcomments%252F11nu8oc%252F

"My husband’s company - $12m just gone. The CFO spoke to their SVB contact and said the feds are begging the big banks to quickly buy SVB and release the assets. Fingers crossed for the THOUSANDS of start ups - most that SVB invested tiny amounts into required exclusive asset management clauses in their contracts. So stressful!!!"
 
Pekelo said:
Personal stories of workers who didn't get paid today because their companies banked with SVB:

https://www.reddit.com/r/path%3D%252Fr%252Fnews%252Fcomments%252F11nu8oc%252F

"My husband’s company - $12m just gone. The CFO spoke to their SVB contact and said the feds are begging the big banks to quickly buy SVB and release the assets. Fingers crossed for the THOUSANDS of start ups - most that SVB invested tiny amounts into required exclusive asset management clauses in their contracts. So stressful!!!"
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No joking matter for all those businesses whose funds are held up. That's a lot of employees of start-ups and small businesses who are not getting a pay check for the foreseeable future.
 
Startups churn through employees.

Employees churn through startups.

Not fun to become unemployed. Happens to all of us at some time or other in our life.

But really no biggie when you are young, which likely make up a high percentage of those affected.
 
SunTrader said:
Startups churn through employees.

Employees churn through startups.

Not fun to become unemployed. Happens to all of us at some time or other in our life.

But really no biggie when you are young, which likely make up a high percentage of those affected.
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Circle and Roku are 2 companies mentioned snarled in this thing...
 
murray t turtle said:
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NO WONDER Warren Buffet called ESG ''asinine'':caution::caution::caution::caution::caution::caution:\:caution::caution::caution: ESG= worse than a train=wreck\bad bearing.
2] But KIM Olsen worked @ Fed Reserve 30 years ago[source = ABA]
3] Frankly, she is not even ''included'' on the list of banks Key Execs, so that shows you what management thinks about a Chief Risk Officer??
4]Kim may have said something like ''with all due respect, the bank is making big % loans on what they called premium wine??'' So the top management says maybe --well IT's PREMIUM Wine??:D:D
Who would not would rather do risk management for SVB than Silvergate??:D:D
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You were right all along Mr Turtle...

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Not a stock tip. Not FDIC insured :caution: :caution: :caution:
 
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