SVB and Signature big bank bailout

[StriderX]

Why? That's it tech has no bearing on what went wrong. Could have been servicing any industry.

It's simply a bank that had insufficient liquidity to survive a run. You'd have to ask Trump why it was a good idea to let a large bank get into that position.

The whole chain of service provision between tech companies would have been at risk of unknown consequences and then there's the fact that a lot of start-ups that have popped up due to the mass firing would have been wiped out which has it's own sequence of unknown consequences.

I still believe the bank should have been left to implode however.

 

[200sols]

I don't really think the SVB failure had anything to do with tech. Sure if a bunch of those startups defaulted you may have a point but that isn't the issue here.

 

[Uther]

And with perfect timing, enter stage left 'the government...'

Ministers to pursue loosening of bank rules in teeth of industry crisis

The Treasury will publish a call for evidence in the coming days focused on streamlining the senior managers regime introduced after the banking meltdown of 2008, Sky News understands.

news.sky.com