DoomPosting
@doomposting
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Degens Deteriorating
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DoomPosting
7.87K subscribers
DoomPosting
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🚨🚨🚨 SVB SHUT DOWN 🚨🚨🚨
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LARGEST SHUTDOWN OF A US BANK SINCE 2008
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DoomPosting
any "uninsured" balances at SVB - those above $250K - are in jeopardy
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Expect mass layoffs later today, Monday at latest.
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First Republic Bank down bad
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Mark Suster: simp loser of the week
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SVB CEO sold $3.57 million of stock within the last two weeks
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DoomPosting
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USDC was holding cash reserves at SVB
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When your startup tries to do a wire transfer out of a collapsing bank (SVB)
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DoomPosting
Contagion—

First Republic Bank

Silicon Valley Bank

Western Alliance Bancorporation

Signature Bank

PacWest Bancorp
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DoomPosting
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