SVB collapse continues to send ripples through banking industry

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The ripple effects from the collapse of Silicon Valley Bank are still being felt even after President Biden assured customers their deposits are safe, with medium-sized banks taking a major hit on Wall Street Monday. CNBC’s Brian Cheung provides insight for TODAY.

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#economy #bank #money
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2/3 of SVB workforce met Diversity criteria, including it's board.Maybe they should have hired based on skill? Over 70m $ donated to social justice issues, the real red flag, the stupid board put $ into long term bonds, when interest rates were going UP.A collapse just waiting to happen I've heard Go Woke Go Broke, it fits this group to a T

thevillage
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Diversity hiring has caused most of these businesses to fail then they start to blame Trump and everyone but themselves.

USMCasper
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SVB & Signature bank employees totally go out for lunch 😅

ckfandor
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He said SVB isn't a mom and pop bank where citizens keep their money but the people on the thumbnail look like regular citizens to me waiting to get into the bank. He just said that if you have any bank balances over 250, 000 the government is guaranteed to repay so why is he lying about people not having there regular banking accounts with Silicone Valley Bank🏦

Tobez
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I loss my life’s savings thanks to SVB collapse. I only got $300 left. Should I play roulette or blackjack?

CatzzMoney