The ugly Silicon Valley bank collapsed!
In less than 48 hours, in a momentary momentum, a huge amount of wealth of about 1.5 trillion yuan was directly evaporated in the world, which caught many world-class rich people by surprise and made many Chinese rich people cry in the toilet.
Silicon Valley Bank (SVB), founded in the United States in 1983, is a subsidiary of Silicon Valley Bank Financial Group, with assets of up to $5 billion, and has provided $2.6 billion in loans to venture capital and startups through 27 offices in the United States, 3 international subsidiaries and an extensive network of business relationships in Asia, Europe, India and Israel.
Once considered the "gold master" and "lifeblood" of emerging technology companies, at the time of the rapid development of Silicon Valley high-tech industry, Silicon Valley Bank quickly opened up a flexible development path with low-interest fundraising, for small and medium-sized enterprises that have not yet been paid attention to by large banks, and has won the favor of many customers!
Silicon Valley Bank mainly serves emerging technology companies, and has successfully helped star companies such as Facebook and Twitter.
Judging from the timeline and handling of the entire thunderstorm incident of the Silicon Valley Bank (SVB), people have to suspect that this incident is actually the ugly emperor deliberately cutting the leeks of foreign investors, and the main ones who are cut are the leeks of the three brothers of China and India!
On February 27, the penultimate day, Silicon Valley Bank CEO Greg Becker sold $3.6 million worth of Silicon Valley Bank shares for the first time in more than a year;
Silicon Valley Bank CEO Greg Becker sold 12,451 shares of parent company Silicon Valley Bank Financial Group on February 27, cashing out $3.6 million for the first time in more than a year, according to regulatory filings, Bloomberg reported on March 11. He submitted plans to sell shares on Jan. 26.
From the end of February to the beginning of March 2023, investment banks such as Goldman Sachs and Morgan rated Silicon Valley Bank stocks as "recommended buy";
On March 7, Silicon Valley Bank Financial Group was also recommended as "on the Forbes America's Best Banks list for the fifth consecutive year";
On March 8, 2023, one day before the thunderstorm, well-known investment banks such as Wells Fargo ICON and Morgan still rated the shares of Silicon Valley Bank as "overweight";
On March 9, Silicon Valley Bank suddenly announced a serious liquidity crisis, and the company's huge losses required more capital injection, which caused a shock in the market, and other senior executives of the company began to sell stocks on a large scale and run away with money;
On March 10, a run broke out, and investors and customers tried to withdraw a total of 40 billion US dollars (about 280 billion yuan) in one day! Silicon Valley Bank failed to raise funds and became seriously insolvent;
The regulator in California declared the bankruptcy of Silicon Valley Bank at about 5 p.m. that day;
On March 10, local time, the Federal Deposit Insurance Corporation (FDIC) issued a statement, and the California Department of Financial Protection and Innovation (DFPI) announced the closure of Silicon Valley Bank on the same day.
Overnight bankruptcy, the ugly emperor's Silicon Valley bank from the outbreak of the run, to the announcement of bankruptcy and closure, as always unimaginable "fast", except for the ugly emperor very few "insider information" big customers escaped, many other foreign customers were all bloodily cut leeks by the ugly emperor, extremely cruel.
The last time the collapse of a major international bank occurred in 2008, Lehman Brothers and Washington Mutual. Almost every bank failure can cause a financial system earthquake.
Cut leeks
So, among the many rich people in China, which rich people will be severely cut leeks by the ugly emperor this time?
1. Pan Shiyi
Pan Shiyi, the former chairman of SOHO China, previously had a $500 million deposit certificate in Silicon Valley Bank, and after donating $200 million to American universities, the remaining $300 million was transferred.
2. Meituan Wang Xing
It is said that as early as 2011, when the group buying war was in the ascendant, many group buying companies had collapsed, Meituan had just completed the B round of $50 million financing, in the media conference, in order to prove that there was no problem with its capital chain, Meituan Wang Xing showed a bank card account of the ugly Silicon Valley Bank in public, the account balance page clearly displayed, the balance: $61.92 million, its high-profile rich action, caused a lot of sensation at the time.
According to the analysis of many powerful netizens:
Meituan's development to today's volume, it cannot be ruled out that over the years, Wang Xing will successively add the possibility of depositing in the Ugly Emperor Silicon Valley Bank, which is definitely not a problem of one (billion).
Now, the Ugly Emperor's Silicon Valley Bank has declared bankruptcy, if Meituan has not withdrawn its deposits before this, according to the urine nature of the Ugly Emperor, this time, Meituan will lose blood in the urine... [Cover face]
When it comes to financial fraud and all-consuming evil methods, the ugly emperor is undoubtedly beyond people's imagination!
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