In 2012 SVB partnered with CHINA!! specifically the Chinese Bank: Shanghai Pudong Bank.
The new bank was owned 50–50 by the two companies.
They also received approval from Chinese bank regulators to operate in “renminbi” making it one of only a handful of American-owned banks permitted to do so.
☝️Anyone ok with this??
The new bank was owned 50–50 by the two companies.
They also received approval from Chinese bank regulators to operate in “renminbi” making it one of only a handful of American-owned banks permitted to do so.
☝️Anyone ok with this??
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How was Silicon Valley Bank able to operate under such a risky environment with start-ups?
According to the article I shared earlier, the answer was pairing the start-ups with their more established companies...
AND venture capitalists!
According to the article I shared earlier, the answer was pairing the start-ups with their more established companies...
AND venture capitalists!
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Recently some of these more “mature companies” were starting to struggle.
Could this have been as a result of Trump’s executive orders 13848 and 13718? Remember the essence of both of those Executive Orders was: Anyone caught cheating in Election fraud AND/OR involved in ANY way with Child Trafficking/Human Rights Abuses...would have their assets immediately seized.
Could this have been as a result of Trump’s executive orders 13848 and 13718? Remember the essence of both of those Executive Orders was: Anyone caught cheating in Election fraud AND/OR involved in ANY way with Child Trafficking/Human Rights Abuses...would have their assets immediately seized.
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What if the “mature companies” couldn’t keep up with this operation scheme Silicon Valley Bank had created...and everything went out of balance?
What next?
What next?
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According to Regulatory filings from December 2022, they estimated that more than 85% of deposits into Silicon Valley Bank were uninsured.
When this happened Moody downgraded Silicon Valley Bank.
Then what?
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The investors of this bank (the bank had 100 original founders) had to scramble to come up with money to cover their debt.
When this happened Moody downgraded Silicon Valley Bank.
Then what?
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The investors of this bank (the bank had 100 original founders) had to scramble to come up with money to cover their debt.
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Silicon Valley prided themselves that everyone would look after each other. They had what they believed was a WWG1WGA bond with each other.
When push came to shove...and the going got tough...did they all rise to the occasion and cover each other...and do the right thing and infuse cash back into their fledgling bank?
The answer was NO!!! Some did the right thing...others did NOT!
When push came to shove...and the going got tough...did they all rise to the occasion and cover each other...and do the right thing and infuse cash back into their fledgling bank?
The answer was NO!!! Some did the right thing...others did NOT!
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