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Mr. Bill

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Mr. Bill

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Friday, 03/10/2023 2:48:09 PM

Friday, March 10, 2023 2:48:09 PM

Post# of 4708
Wow 2nd largest ever bank failure in US if i read this right...

https://www.kitco.com/news/2023-03-10/Very-good-week-for-the-gold-market-bulls-what-to-expect-Monday.html

Safe-have demand was featured as Silicon Valley Bank, the 16th largest U.S. bank, collapsed after it experienced a “run” on it by its depositors and investors. While the Federal Deposit Insurance Corporation (FDIC) quickly came in to take over the bank’s assets and accounts, the failure of SVB has badly shaken the general marketplace. It calls into question how aggressive the Federal Reserve can continue to be in tightening its monetary policy to battle problematic price inflation. SVB is reported to be the second-largest bank failure in modern U.S. history.

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