Discover and read the best of Twitter Threads about #fundbanking
Most recents (3)
welp
"While our client cash balances declined modestly due to seasonality and cash sorting in February, over the past two weeks, we have attracted over $1.3 billion in additional bank deposits, including an increase in uninsured deposits" $SF
"While our client cash balances declined modestly due to seasonality and cash sorting in February, over the past two weeks, we have attracted over $1.3 billion in additional bank deposits, including an increase in uninsured deposits" $SF
ba-dum-ch $SBNY
"SBNY intended to pledge these loans to the Federal Reserve Bank of New York as collateral for Discount Window lending. However, FRB would not accept the loans as collateral because they were not eligible as many of them had foreign limited partners."
#fundbanking ftw
#fundbanking ftw
the jokers at $SBNY tried to lobby and/or sue their way into forcing the federal reserve system of the United States to illegally accept loans made to foreign venture capitalists as collateral. you can't make this stuff up. @Frances_Coppola @davidgerard @ahcastor @thebankzhar
🧐 @FDICGov's press release makes it sound like First Citizens Bank took all the loans that #SiliconValleyBank had on its books.
But... it did not.
$90 billion in toxic loans were left behind.
Cost to taxpayers currently estimated at $20bn but it will rise.
But... it did not.
$90 billion in toxic loans were left behind.
Cost to taxpayers currently estimated at $20bn but it will rise.
@FDICgov 🧵 Much of what is being written about #SVB is just as wrong as what's being printed right now about Citizens Bank "buying Silicon Valley Bank".
To be clear: $SIVB had $90 billion in loans so toxic no one would buy them.
#fundbanking / #venturedebt
cryptadamus.substack.com/p/how-everyone…
To be clear: $SIVB had $90 billion in loans so toxic no one would buy them.
#fundbanking / #venturedebt
cryptadamus.substack.com/p/how-everyone…
