Silicon Valley Bank files for bankruptcy | GMA



Stocks fall despite First Republic Bank bailout as the former parent company of the collapsed Silicon Valley Bank files for bankruptcy. SUBSCRIBE to ABC News on YouTube: https://bit.ly/2vZb6yP Latest Updates: http://abcnews.go.com/ Watch FULL EPISODES on Hulu: http://abcn.ws/3bzvQQn #abcnews #siliconvalleybank #bankruptcy #firstrepublicbank #collapse #bank

Original source (ABC/Youtube)

19 comments

  1. Where Indian stock market will go up/down

  2. Anyone investing or of management with SVB should lose 100% of their investment and management? Arrested.

    95% of management had ZERO banking experience were 100% Democrats.

    First thing they did was donate $70 million to black lives matter, then it gets worse, they donated tens of millions to TRANSEXUAL advocate groups.

    What a freaking disaster.

  3. The fed is also responsible for this, hiking interests so many times so fast.

  4. Banks are berny madoffs….

    Half 🌗 of ur clients remove thier cash…….you fold in 48 hrs…….that's berny

  5. The government cannot and should not be able to stop any individual from working for any company unless the individual(s) are (or have been) incarcerated. The bill of rights protects people from the poor government leadership that has put ~563 smaller regional banks in this situation.

  6. What needs to be done is firing the top management of these banks that put them in this situation in the first place if they are allow to stay than nothing will change and we will have another crisis down the line again

  7. It always has been america, upon realitys

  8. Corruption is good!

    – Gordon Gecko 🦎 🏦 💰 💸

  9. It has been reported that Congressman Khanna is introducing a Bill to lift the cap on FDIC to help with stabilization. Do not know if it has been filed, yet.

  10. Biden should be asking congress to put Trump back in office

  11. Go Woke, Go Broke! All these failing banks are guilty of it. You should take a look at who is running Credit Suisse for a good laugh! Absolute insanity! It's like we are living in Twilight Zone!

  12. Fire president Biden……… everything goes back to normal

  13. This is beyond acceptable.

  14. Never followed directions

  15. File bankruptcies good SVB begin lazy 🤣🤣🤣🤣🤣

  16. That dirtbag ceo and entire management should be sent to prison. They knew they can get away with this so they sold their stocks and handed out bonuses, then laughed their way out… knowing taxpayers will bail them out

  17. Democrat in office, banks failing, economy in a recession, odd.

  18. I hope the bonuses are taken away from the execs cause this is just gross negligence and incompetence of the bank.