Social Media Posted March 12, 2023 Share Posted March 12, 2023 British tech firms left on the brink after Silicon Valley Bank collapses in biggest failure since 2008 crash: Jeremy Hunt warns of 'serious risk' to UK businesses but promises help (and won't rule out bailout) after crisis talks with PM and Bank of England The Bank of England announced on Friday that the UK arm of SVB was to go into insolvency on Sunday night after Californian authorities took control of the business this week. 1 Link to comment Share on other sites More sharing options...
Caldera Posted March 13, 2023 Share Posted March 13, 2023 This is turning into a right <deleted> show. Link to comment Share on other sites More sharing options...
Popular Post Chomper Higgot Posted March 13, 2023 Popular Post Share Posted March 13, 2023 Never any shortage of socialism when a bank needs it. 2 2 Link to comment Share on other sites More sharing options...
Popular Post Harveyboy Posted March 13, 2023 Popular Post Share Posted March 13, 2023 16 minutes ago, Chomper Higgot said: Never any shortage of socialism when a bank needs it. Bail out banks again..with our money of course. As usual.. 3 Link to comment Share on other sites More sharing options...
nigelforbes Posted March 13, 2023 Share Posted March 13, 2023 1 minute ago, Harveyboy said: Bail out banks again..with our money of course. As usual.. Our money, are you paying UK tax in Thailand? Link to comment Share on other sites More sharing options...
Eric Loh Posted March 13, 2023 Share Posted March 13, 2023 Tech and life science sector formed big portion of the 3.500 SVB's customers and stand a bigger risk than the wider economy. Few private banking giants like HSBC and Barclays are lining up for a private bailout. In Asia, the fallout seem muted this morning from gauging the banking stocks. Hope it stay this way. 2 Link to comment Share on other sites More sharing options...
BritManToo Posted March 13, 2023 Share Posted March 13, 2023 (edited) 39 minutes ago, Chomper Higgot said: Never any shortage of socialism when a bank needs it. Go woke, go broke! https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/ "While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs" "Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth." Edited March 13, 2023 by BritManToo 1 1 Link to comment Share on other sites More sharing options...
Popular Post Chomper Higgot Posted March 13, 2023 Popular Post Share Posted March 13, 2023 4 minutes ago, BritManToo said: Go woke, go broke! https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/ "While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs" "Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth." Nothing to do with ‘woke’ and everything to do with investment decisions. But nice try from you and Murdoch’s NYPost. 5 Link to comment Share on other sites More sharing options...
Chomper Higgot Posted March 13, 2023 Share Posted March 13, 2023 25 minutes ago, nigelforbes said: Our money, are you paying UK tax in Thailand? Expats in Thailand paying UK taxes is not at all unusual. 1 Link to comment Share on other sites More sharing options...
RuamRudy Posted March 13, 2023 Share Posted March 13, 2023 It's reassuring to see that despite the years of bank induced pain that cost us all, bankers continue to be bankers... Silicon Valley Bank employees received bonuses hours before government takeover 1 1 1 Link to comment Share on other sites More sharing options...
nigelforbes Posted March 13, 2023 Share Posted March 13, 2023 6 minutes ago, Chomper Higgot said: Expats in Thailand paying UK taxes is not at all unusual. Indeed, I do, I wanted to know if that poster does. Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 49 minutes ago, nigelforbes said: Our money, are you paying UK tax in Thailand? On pension..paid tax there for 50 years so I think that gives me the right .. don't you 18 minutes ago, nigelforbes said: Indeed, I do, I wanted to know if that poster does. Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 Just now, Harveyboy said: On pension..paid tax there for 50 years so I think that gives me the right .. don't you Just now, Harveyboy said: On pension..paid tax there for 50 years so I think that gives me the right .. don't you Tax on pension...don't we all Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 Just now, Harveyboy said: On pension..paid tax there for 50 years so I think that gives me the right .. don't you You got an interest in SVB .mate you seem upset by my comment ..just sayin H Link to comment Share on other sites More sharing options...
Popular Post nigelforbes Posted March 13, 2023 Popular Post Share Posted March 13, 2023 2 minutes ago, Harveyboy said: You got an interest in SVB .mate you seem upset by my comment ..just sayin H Matron, HB's talking to himself again. 6 Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 19 minutes ago, nigelforbes said: Matron, HB's talking to himself again. I think you might need to get off your barstool.. wouldn't want you to fall now sir would we ....Nah!!! Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 Just now, Harveyboy said: I think you might need to get off your barstool.. wouldn't want you to fall now sir would we ....Nah!!! How long you Been out of the Shoothole UK.or are you one of the very unfortunate ones still there..seems you might need a holiday old pal .. Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 47 minutes ago, nigelforbes said: Indeed, I do, I wanted to know if that poster does. Simple answer Yes.. 1 Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 50 minutes ago, RuamRudy said: It's reassuring to see that despite the years of bank induced pain that cost us all, bankers continue to be bankers... Silicon Valley Bank employees received bonuses hours before government takeover Was nigelforbes one of them lol..ha Link to comment Share on other sites More sharing options...
nigelforbes Posted March 13, 2023 Share Posted March 13, 2023 All joking aside Harvey.....but first, you really should get someone to show you how to use the quote function et al because it looks hilarious. When Brits say, "our money", I understand the sentiment but most often it comes from people who don't pay tax and have told HMRC that they live in Morecambe when really they live in Pattaya. That means they get paid pension increases, heating allowance, Xmas bonus etc etc. You see the hypocrisy. Anyway, I know that a fine upstanding fellow kike you would never do such things so all's good. Link to comment Share on other sites More sharing options...
Harveyboy Posted March 13, 2023 Share Posted March 13, 2023 8 minutes ago, nigelforbes said: All joking aside Harvey.....but first, you really should get someone to show you how to use the quote function et al because it looks hilarious. When Brits say, "our money", I understand the sentiment but most often it comes from people who don't pay tax and have told HMRC that they live in Morecambe when really they live in Pattaya. That means they get paid pension increases, heating allowance, Xmas bonus etc etc. You see the hypocrisy. Anyway, I know that a fine upstanding fellow kike you would never do such things so all's good. Ok mate apologies accepted ....Quote function Bah!! That's for techno's I'm a pen and paper man..I get nothing from UK except a pension which o had to wait a couple of years longer for tks to the wonderful British government..I'm declared as living here in Thailand no address in UK ..no benefits..no scam get sweet FA from them ...I'm an angel ask anyone in Soi 6. have a good day mate thanks for the banter..H Link to comment Share on other sites More sharing options...
VinnieK Posted March 13, 2023 Share Posted March 13, 2023 Banks leveraged 100:1 What could possibly go wrong.. (Ok..I went overboard with the 100 to 1 ratio but who knows the real number) The whole banking system is insolvent as far as I am concerned. They didn't fix it in 2008 and they ain't gonna fix it now. 1 Link to comment Share on other sites More sharing options...
Seppius Posted March 13, 2023 Share Posted March 13, 2023 BlackRock is the one to watch BlackRock had $8.59 trillion in assets under management as of Dec. 31 As of December 31, 2022, Silicon Valley Bank's top shareholders were Vanguard Group (11.3%), BlackRock (8.1%), StateStreet (5.2%) and the Swedish pension fund Alecta (4.5%). https://www.zerohedge.com/markets/silicon-valley-bank-followed-exactly-what-regulation-recommended 1 Link to comment Share on other sites More sharing options...
Eric Loh Posted March 13, 2023 Share Posted March 13, 2023 HSBC bought SVB UK for a symbolic 1 pound. https://www.channelnewsasia.com/business/hsbc-uk-silicon-valley-bank-svb-acquisition-3342901 1 Link to comment Share on other sites More sharing options...
Seppius Posted March 13, 2023 Share Posted March 13, 2023 12 minutes ago, Eric Loh said: HSBC bought SVB UK for a symbolic 1 pound. https://www.channelnewsasia.com/business/hsbc-uk-silicon-valley-bank-svb-acquisition-3342901 Good news Link to comment Share on other sites More sharing options...
Stargeezr Posted March 13, 2023 Share Posted March 13, 2023 It is always nice to see the employees and management getting their bonuses, before the business goes bust. It show the honesty of them all. NOT.. I hope people did not have all their savings and such in this bank alone. Only trust the major banks a bit more, as they will likely not go bust as quickly. Link to comment Share on other sites More sharing options...
Seppius Posted March 13, 2023 Share Posted March 13, 2023 It's not hurt the crypto market, BTC up 16% Link to comment Share on other sites More sharing options...
IAMHERE Posted March 13, 2023 Share Posted March 13, 2023 21 hours ago, Harveyboy said: Bail out banks again..with our money of course. As usual.. That "our money", is that USD money or UK pounds money ? I've a feeling the FDIC will be paying Brits from that fund. Could be the UK has an equivalent. Link to comment Share on other sites More sharing options...
Harveyboy Posted March 14, 2023 Share Posted March 14, 2023 2 hours ago, IAMHERE said: That "our money", is that USD money or UK pounds money ? I've a feeling the FDIC will be paying Brits from that fund. Could be the UK has an equivalent. Whichever it will be tax payers... 1 1 Link to comment Share on other sites More sharing options...
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