What really happened at Silicon Valley Bank (SVB)
A business may be profitable but it can still be wiped out by liquidity problems - that is, not having sufficient cash to meet immediate requirements. This is especially important for banks. If all customers were to turn up suddenly at commercial banks and demand to withdraw their deposits, all such banks in the world, including...
Prevent a run on the bank
Silicon Valley Bank faced a "run on the bank". Due to premature withdrawals of deposits, they faced a liquidity crisis and had to sell their bonds, ahead of maturity dates, at a loss. They planned to raise additional capital to cover their loss of $1.8 billion USD. Given some time, and with the right price, they would be able...
Stupid rules on Covid-19
Over the past week, TWO friends from FB and chatgroup private messaged me about stories of medical students who were FORCED to jab if they want to study Medicine in SG. One was forced to leave SG and study Medicine overseas. One is THREATENED to have his medicine study discontinued and forced to make repayment to the Gov/University...
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- Caoliangoh on Pakistan to nuke Israel if…
- Pandora’s box on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- Liar on Pakistan to nuke Israel if…
- unprovoked aggression on Iran’s ‘Terrifying’ New Arsenal Brings Israel To Its Knees
- PAP mandate strong on Pakistan to nuke Israel if…
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