MASSIVE CRASHING OF BANKS UNDERWAY ###
— The_Real_Fly (@The_Real_Fly) March 10, 2023
*FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR
— zerohedge (@zerohedge) March 10, 2023
FDIC says $SVIB now closed by California regulators. Deposits will be covered. Bank had $209B in assets.
— Markets & Mayhem (@Mayhem4Markets) March 10, 2023
Live view of Silicon Valley Bank $SVB branches right now …
— Wall Street Silver (@WallStreetSilv) March 10, 2023
BANKS 🏦
UNREALIZED LOSSES 😱👇 pic.twitter.com/F5fO8vZ217— Win Smart, CFA (@WinfieldSmart) March 10, 2023
10 More banks in trouble after SVC disaster
10 banks that may face trouble in the wake of the SVB Financial Group debacle
The entire banking industry seemed to take it on the chin on March 9, with the KBW Nasdaq Bank Index BKX, -6.16% sinking 8%.