Silicon Valley Bank Collapses, Biggest Banking Failure Since 2008.Get ready for news on Monday Silicon Valley Bank, known for lending money to some of the biggest technology startups, collapsed on Friday sending investors and depositors into a frenzy. The closure has also resulted in global markets falling sharply today.Silicon Valley Bank crisis spreads panic among startups.
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Our "leaders" still have not addressed the current situation on our website. But we're celebrating green funds in Africa and women in investment managment!
Good lord people shut up. Yes they were a customer but doesn’t mean cr-p. They’re not in that much stuff with us
Signature Bank crashes in a old fashioned way . 2 Banks collapsed back to back over the weekend. We cannot underestimate the moment. Signature is the 3rd biggest bank failure in the American history.
Actually Mellon played a much bigger role than BONY and none of our funds broke the Buck. Mellon was the rock and the hero of the banking industry.
How much is the impact to bnym? Svb is a client.
Funny how silent our "leaders" are during the worst economic disaster since the great recession. He/She/They are probably working on some more ESG fund offerings.
SVB is a BNYM client.
Everything is connected!
Silicon Valley Bank collapse may lead to 1,00,000 layoffs, impact 10,000 startups: Y Combinator writes to US Treasury Secy
The petition, to save startups and hundreds of thousands of jobs, written by Garry Tan, CEO and President of Y Combinator has already been signed by over 1,200 CEOs and founders representing over 56,000 employees. Silicon Valley Bank has over 37,000 small businesses with more than $250,000 in deposits, according to the data of the National Venture Capital Association (NVCA).
BNYM suddenly looks golden. Except for the small foray to custody digital assets. They should stop that project immediately. That risk is not worth taking for the US’ oldest bank.
Todd more than earned his golden parachute during his last few years leading us through a pandemic, a crashing economy and all without layoffs. I know that Todd understands and believes that he was in that CEO slot at that time and for that period for a reason. It’s like his entire career all at he Bank prepared him to be uniquely qualified. He is very relaxed and back glancing now and he fully understands how dramatically he capped off his career.
BNY is the world’s custodian. Don’t forget when they broke the buck in 2008 and gave out money market investors vertical slices of Lehman Bros bonds
@rnk+1lAvLXV3 everything is connected!
What’s this have to do with Todd’s golden parachute?!??!?!?!!!!!!!???!??!?!?!!?
What’s this have to do with BNYM?