On Wire

Breaking news, updates, and reports on current events.

Monday could be a bloodbath… saved by the bell

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by TheHiveminder Is First Republic Bank next to fail? Stock dropped 34% in the past week. The San Fransisco headquartered bank, Fist Republic, On Friday a week ago stock was $123, yesterday it’s $81. Monday should be interesting … expect lots of statements Sunday and early Monday from the usual suspects … 🤨 pic.twitter.com/YeSs9g0M2b — … Read more

Too big to fail AGAIN? Rep. Eric Swalwell: “Silicon Valley Bank crisis: We must make sure all deposits exceeding the FDIC $250k limit are honored.”

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I’m working with my CA colleagues to address the Silicon Valley Bank crisis. We must make sure all deposits exceeding the FDIC $250k limit are honored. Banking is about confidence. If depositors lose confidence on the safety of their deposits over 250k then we are in trouble. — Rep. Eric Swalwell (@RepSwalwell) March 10, 2023

Hedge Fund CEO Christina Qi: Silicon Valley Bank Collapse is Two Steps Back for “women, minorities, & the LGBTQ community”

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The SVB collapse has been devastating in more ways than one: They supported women, minorities, & the LGBTQ community more than any other big bank. This includes not just diverse events, but actual funding. SVB helped us move one step forward; without them, we move two steps back. — Christina Qi (@christinaqi) March 11, 2023 … Read more

FDIC Alert! FDIC Chairman Martin Gruenberg begins finger pointing at the Fed in speech 3/6/23: ‘unrealized losses weaken a bank’s future ability to meet unexpected liquidity needs’ ‘especially when interest rates change to the extent they have over the past year’. 4 days later SBV fails…

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by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spmar0623.html ‘Juicy’ sections of his speech: Full speech: Introduction Good morning. I very much appreciate the invitation to speak to you today. I am especially glad to be here in person. Looking back to pre-pandemic days, there may have been a tendency to take events like this for granted.  At least for me, not … Read more

OPRAH STANDS TO LOSE $590 MILLION AFTER COLLAPSE OF SVB

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>>>>>>>>>>>>>>ALERT<<<<<<<<<<<<<< OPRAH STANDS TO LOSE $590 MILLION AFTER COLLAPSE OF SVB "All her biggest accounts were with the bank." said a source familiar with her finances, "Like other tech savvy investors she banked with SVB and now it's all gone." pic.twitter.com/Wvi9x7ZbJ6 — iSource News (@isource_news) March 11, 2023 BREAKING: HARRY AND MEGHAN STAND TO LOSE … Read more

Massive Number of Reddit Leftists Say They Are Not Receiving Paychecks Due to the Silicon Valley Bank Collapse, Their Businesses Are Collapsing

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BANK OF AMERICA: ‘crashy vibes of March’

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Stocks fell as worries flared about the banking system amid the SVB collapse and the painful effects of high interest rates Struggles come amid what Bank of America strategists called ‘the crashy vibes of March’ Analysts have said ‘cracks are appearing’ and the situation at SVB, which was shut down by regulators, was a ‘warning … Read more