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Prosperity Bancshares Stock Discussion

Noah Johnson

Mar 13, 2023 05:45

Columns Silicon Valley Bank is the First Domino to Fall

$Pacific Premier Bancorp (PPBI.US)$The knock-on effect of the Silicon Valley Bank bankruptcy is still widening.
Since Silicon Valley Bank declared bankruptcy, the market has been trying to figure out which other banks are at similar risk. The panic in the market fermented, and the market value of small banks, which were already short of money, further evaporated. Customers concentrated in banks to withdraw cash, which led to increased risk of runs, r...

Wildfire Prevention? Another bank shut down

Noah Johnson

Mar 13, 2023 03:19

Columns SVB Rights Protection Expert Meeting Minutes

Q1: Is it still possible to transfer money at present?
A1: External transfers are not allowed. SVB began to experience a liquidity crisis on Thursday night. According to unofficial news, only remittances initiated before 12:15 a.m. Beijing time (11:15pm U.S. Eastern time) on Friday can still be processed, but there are sources that internal transfers can still be processed.
Q2: What is the process of FDIC?
A2: For the US SVB savings account, there is a...

Translated

Wildfire Prevention? Another bank shut down

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