- Signature Bank came to a halt after falling a record 22% after falling 30% in the past five days.
- Other banks were arrested, including the First Republic and the SIVB.
- SIVB is down 60%; these three banks combined nearly $500 billion in deposits.
- The SIVB’s fundraising has so far failed, with deposit outflows outpacing the selling process.
- SVIB now closed by California regulators
- First Republic announced a capital increase of 125 million dollars, the share price continues to collapse.
- The two-year Treasury yield is down 45 basis points from yesterday’s high, the biggest two-day drop since Lehman (2008)
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