Thread: LATEST ON SVB BANKRUPTCY!! Deja Vu moments of Dec 2007 “Great Economic Recession" start!! THAT time triggered by Bankruptcy of Lehman Brothers, THIS time by Bankruptcy of Silicon Valley Bank!! THE CASCADING EFFECT STARTS!! Bank of England is seeking Court Order to place Silicon Valley Bank- UK Ltd into Insolvency Proceedings SVB's British arm had sought 1.8 Billion Pounds of Liquidity from BoE via its discount window facility, which offers emergency funding to banks “IF" they have adequate collateral. In return...got Insolvency Proceedings initiated. Under Insolvency Proceedings for banks in UK, some depositors are eligible for up to 85000 pounds of compensation for lost deposits & 170000 Pounds for Joint Accounts. Rest in hands of Jesus Christ. NOTE: In Bharat...Modi Govt has increased Insurance of Deposits to ₹5 Lakhs for which he was Criticised by ECONOMISTS & Liberals. Anyways... The rout in SVB's stock, which began on Thursday, has spilled over into other U.S. & European banks. U.S. banks have lost over $100 Billion in stock market value & European banks have shed another $50 billion in value in past two days. Mind you....These Banks are not #Adani to bounce back in 1 month. Meantime, Hindenburg Research & George Soros are missing & hiding their faces behind Liberal Curtains. बाकी सब ठीक ठाक है।