The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It’s going to be a long night.
Chop chop americano’s
https://www.investing.com/
Signature bank next
https://uk.investing.com/analysis/signature-bank-down-2287-as-2-banks-collapse-in-as-many-days-200564852
Hi Laura,
Banking in an entangled web, the English banks may not have direct money with SVB but some of their customers will, businesses will bank with SVB but will have mortgages with Lloyds etc, the businesses cannot access their money which means they cannot pay staff and their mortgages.
There will be a domino rally and as yet nobody has an idea who will be dragged in, but we will.
“ Lloyds will finish 51p plus again tomorrow IMHO”
That will depend on the American government guaranteeing SVB deposits by tomorrow morning or there will be absolute panic.
I was reading 1 business had just got there balance up to 1 million dollars and was unable to move it in time, they are only guaranteed up to 200,000 dollars.
Nightmare.
Hi Laura,
America has been flying but on cheap money like the rest of us, businesses will have cranked up cheap debt to grow / survive, all of which now needs to be paid back.
Businesses and markets are now feeling nervous and rightly so and will be for the foreseeable and there will be others on the wrong side of the financial markets that are going to get a kicking. IMO
Don’t think so.
https://www.investing.com/news/economy/analysissilicon-valley-banks-fall-widens-systemic-cracks-as-cheap-money-vanishes-3028216