I think I’ll just leave this here…
Lines were seen outside a First Republic Bank branch in California, with worried customers wanting to withdraw funds after the sudden collapse of Silicon Valley Bank. SVB Group on Friday became the largest bank to fail since the 2008 financial crisis https://t.co/8okoezBhMQ pic.twitter.com/In7Yohd7nF— Reuters Business (@ReutersBiz) March 12, 2023
(all via YahooFinance because it is easier on the eyes)
From TheStreet this familiar statement in the headline should make everyone feel warm and fuzzy:
‘Our Capital Remains Strong’: First Republic Bank Tries to Reassure After SVB Collapse
Hoo boy. How’d that work out?
Let’s just look at one more:
It’s going to be a fun Monday.
Oh yeah, and that pre-market 2-3% rally we saw in the futures?