You are reading a single comment by @Greenbank and its replies.
Click here to read the full conversation.
-
Hopefully US Govt can contain panic from SIVB
The US Gov has guaranteed the deposits of the US arm (plus another bank in NY - Signature Bank).
https://home.treasury.gov/news/press-releases/jy1337
Unsure how badly the UK SIB arm will stir UK market
And HSBC has just bought the UK arm of SVB.
Guarantees like that should help minimise things, but I'm sure many companies (and other banks) will be reviewing their exposure.
Greenbank
Stressful week ahead for market makers. Hopefully US Govt can contain panic from SIVB, since it isn’t clear that the rest of the banking sector is very exposed to SIB, unlike 2008. The Fed might raise rates, ECB might give a nasty surprise… at least it seems depositors at SIB will get their money.
Unsure how badly the UK SIB arm will stir UK market :/