The Bank Failures Have Begun, FDIC takes Over Failing Bank SVB, Bank Runs Spread, Bail-In Fears Rise You can use Cashapp to support http://cash.app/$silverreport here is the cashtag $silverreport thank you for all you've done, send support via http://PayPal.me/silverreport Buy our services on Fiverr -Free Logo included! create flyer, motion graphic still advertisements, video advertisements with full rights http://shorturl.at/couDK - I will personally do your voiceover, can translate http://shorturl.at/pyHI1 BACKUP CHANNEL, this channel is under threat of elimination at any moment, the show will also run on IGP so when the day comes and SRU is lost you can keep getting our content subscribe today before its too late http://youtube.com/c/irongripprofits subscribe today https://rumble.com/c/SilverReportUncut get paid to watch this SRU channel http://bit.ly/odyseesru Telegram http://t.me/silverreport Support via Bitcoin, https://cash.app/launch/bitcoin/$silverreport/p5QGxzOKGX contact us for more options here https://wa.me/message/3SULUOZNKNBZP1 not everyone got out in time obviously, there is a long line of depositors who are over the $250,000 FDIC insured limit (in fact only somewhere between 3 and 7% of total deposits are insured). The following list, while incomplete, is approximately sorted by size of exposure: USDC - Crypto Stablecoin run by Circle - Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally. ROKU - Roku had 26% of its cash, $487 million with Silicon Valley Bank BLOCKFI - BlockFi has $227 million in "unprotected" funds in Silicon Valley Bank, according to a bankruptcy document, and may be in violation of U.S. bankruptcy law. RBLX - Roblox said 5% of its $3b cash and securities balance is held at SVB. DNA - Gingko Bioworks: Only the cash balance of the company's wholly-owned subsidiary Zymergen Inc. is held in deposit accounts at SVB, representing approximately $74M or 6% of the company's cash and cash equivalents as of December 31, 2022 RKLB - RocketLab USA had about $38 million in its accounts with the bank, representing about 7.9% of the startup’s cash and equivalents LC - Lending Club warned about potentially losing funds on deposit at SVB of $21 million, said amount isn't material to its liquidity position or capital levels, and doesn't pose a risk to the group's business or operations. PAYO - Payoneer: Of the company's approximately $6.4B in total cash balances as of December 31, 2022, less than $20M is held at SVB PTGX - Protagonist Therapeutics considers its exposure to any liquidity concern at SVB to be limited, given that cash held at SVB is approximately $13 million as of March 9, 2023. ACHR - Archer Aviation entered into a $20 million loan with SVB in 2021, $10 million of which is due for repayment in 2023 COHU - Cohu announced that it has deposit accounts with SVB with an aggregate balance of approximately $12.3M, which is approximately 3.8% of the company's total cash and investments. IGMS - IMG Biosciences: 'As of March 10, 2023, the Company holds less than $5.0 million in deposits at SVB. Therefore, the Company believes it does not have any material exposure to any liquidity concerns at SVB.' RYTM - Rhythm Pharmaceuticals announced that it has deposit accounts with SVB with an aggregate balance of approximately $3.4 million, which is approximately 1.1% CTMX - CytomX Therapeutics does not consider its exposure to any liquidity concern at SVB to be significant. The cash held at SVB in CytomX’s operating CTMX account is at or near the FDIC-insured limit of $250,000. CytomX also maintains a deposit account at SVB under a standby letter of credit issued pursuant to its office lease for approximately $917,000.' AXSM - Axsome Therapeutics has material cash deposits with SVB. WVE - Wave Life Sciences aggregate amount of the company's cash and restricted cash held at SVB is approximately $1.5M. JNPR - Juniper Networks maintains operating accounts at SVB with a minimal cash balance of less than 1% of the company's total cash QS - QuantumScape has very limited exposure to SVB, with only a low single digit percentage exposure relative to both the Company's total liquidity and total assets. And now the 64 trillion dollar question: was the bank run sparked by the bank's attempted capital raise - which followed a modest $1.8 billion in losses as the bank sold off its AfS holdings to boost its liquidity - or was it the result of an external influence? What we mean by this is that as reported yesterday, several prominent venture capitalists - such as Peter Thiel - advised their tech startups to withdraw money from Silicon Valley Bank on Thursday. ... https://www.youtube.com/watch?v=SZHY1VISQlk

Economic collapse news. So we had a lot of data this week. We'll start with the Fed's repo operations as they plan to continue through November 4th 2019. The original story was the banks were short on liquidity due to the end of the quarter. The quarter ended and we are still having liquidity issues. We see the Canadian manufacturing PMI fell into contraction. We also have a breakdown of the jobs data and the bad news the BLS payroll report details ... https://www.youtube.com/watch?v=I1mDfBNtU_M