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Nairaland Forum / Science/Technology / Programming / Svb (594 Views)
Svb by airsaylongcome: 4:19am On Mar 12, 2023 |
Thoughts? How does the banker to some of the most innovative money spinning businesses go belly up? I hear Chipper Cash is one of their customers. Any possible direct impact in them? |
Re: Svb by Nickisindigo(m): 7:24am On Mar 12, 2023 |
I read that one company has a cash reserves of about $400million plus with them |
Re: Svb by truthCoder: 8:07am On Mar 12, 2023 |
The Tsunami is going to affect a lot of VCs. I feel so pained right now. How would there be zero cash reserves? USA!!! |
Re: Svb by airsaylongcome: 10:35am On Mar 12, 2023 |
truthCoder: Startups also in a lot of mud. See how they hid the news on Friday American time when most of the world would have closed for the weekend. 1 Like |
Re: Svb by Kelvindate(m): 4:58pm On Mar 22, 2023 |
Hi airsaylongcome I would really like to discuss something important with you as I don't want to derail the topic. 08107478930 . Please message meon WhatsAppif u see this |
Re: Svb by studyless123: 3:08pm On Mar 27, 2023 |
airsaylongcome: The bank collapsed as a result of interest rates, inflation and investments as a result of too much money. No impact on any of their customers. Every one will get paid. Nickisindigo: They will get their money. |
Re: Svb by studyless123: 3:10pm On Mar 27, 2023 |
truthCoder: That's the Fed requirement 0%. Nigeria is about 30% |
Re: Svb by truthCoder: 3:35pm On Mar 27, 2023 |
studyless123: Exactly. Thats what i meant. How would the government put reserve requirements at 0% on a fiduciary business? |
Re: Svb by studyless123: 3:55pm On Mar 27, 2023 |
truthCoder: As with any policy there are benefits and risks. It helps to stimulate the economy by increasing lending, it also helps the institutions. It was changed to 0% during the covid crises. One of the risks is what happened to svb. |
Re: Svb by airsaylongcome: 4:23pm On Mar 27, 2023 |
studyless123: Are they getting their money because the money was there or because the US Federal government intervened? 1 Like |
Re: Svb by studyless123: 5:29pm On Mar 27, 2023 |
airsaylongcome: You are right, the govt intervened. If the govt had not, it would have been a serious crises for regional banks. |
Re: Svb by truthCoder: 7:41pm On Mar 27, 2023 |
studyless123: Oh well, and now SVB is down |
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