₦airaland Forum

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?

I read that one company has a cash reserves of about $400million plus with them

The Tsunami is going to affect a lot of VCs.

I feel so pained right now.

How would there be zero cash reserves? USA!!!

truthCoder:
The Tsunami is going to affect a lot of VCs.

I feel so pained right now.

How would there be zero cash reserves? USA!!!

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.

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airsaylongcome:
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?

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:
I read that one company has a cash reserves of about $400million plus with them

They will get their money.

truthCoder:
The Tsunami is going to affect a lot of VCs.

I feel so pained right now.

How would there be zero cash reserves? USA!!!

That's the Fed requirement 0%. Nigeria is about 30%

studyless123:
That's the Fed requirement 0%. Nigeria is about 30%

Exactly.

Thats what i meant.

How would the government put reserve requirements at 0% on a fiduciary business?

truthCoder:
Exactly.

Thats what i meant.

How would the government put reserve requirements at 0% on a fiduciary business?

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.

studyless123:
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.



They will get their money.

Are they getting their money because the money was there or because the US Federal government intervened?

airsaylongcome:
Are they getting their money because the money was there or because the US Federal government intervened?

You are right, the govt intervened. If the govt had not, it would have been a serious crises for regional banks.

studyless123:
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.

Oh well, and now SVB is down