/biz/ - Business & Finance

You get what you deserve.

>>57884368
>>57884466
Okay, well if everything is fine then you won't mind if I tell all my friends and family to withdraw their money from the bank and put it into crypto.

>PacWest Hooks $1.4B Lifeline After Losing 20% of Deposits
>Shares have dropped 65 percent in two weeks after customers pull $6.8 billion

>By Greg Cornfield March 23, 2023 2:25 pm

>PacWest Bank’s stock value was down 10 percent midday Thursday — despite announcing it secured $1.4 billion in cash the day before — after watching customers take back a fifth of its total deposits this year.

>The Beverly Hills, Calif.-based lender said Wednesday that Apollo Global Management (APO)’s Atlas SP Partners provided the 10-figure cash proceeds through a senior asset-backed financing facility. The move was aimed at establishing stability after a spike of $6.8 billion in customer withdrawals at PacWest, equal to 20 percent of its total, just since the start of 2023.

>"In light of the current volatility in the market and depressed market prices for regional bank stocks, as well as the availability of other options to enhance capital, the company determined it would not be prudent to move forward with a transaction at this time,” the lender said in a statement regarding its push to raise funds through a sale.

>PacWest has been engulfed in worry and speculation over dreaded bank runs since the collapse of Silicon Valley Bank (SIVBQ) and Signature Bank (SBNY) this month. Like those banks, PacWest is exposed to tech startup and venture capital industries, and its shares have dropped about 65 percent over the past two weeks.

>“As we look ahead, we have continued confidence in the strength of PacWest and are encouraged by the stability we have seen in our deposits and liquidity over the past week,” Paul W. Taylor, Pacific Western Bank president and CEO, said in a statement. “Additionally, we continue to be encouraged by the clear message from government officials, regulatory agencies and industry leaders, including Secretary [Janet] Yellen’s recent remarks regarding the protection of smaller bank depositors.”

We are less than 12 months away from the US sovereign debt crisis.

>>49260809
No, fuck you. Over it is not.

>>27351429
Why are you selling?

>>26250948

another meme coin

>>19096215
say you bought spores, inoculated your own stuff, grew the mushrooms and had them in your house
as long as you dont distribute the fruited mushrooms to other people is this technically legal?
I read over the Schedule 1 drug list recently, do they not update this list?
seems like a few of these things are already used in clinical trials with proven medical purposes

>monetary base is 4.8 trillion as of last week
>now this
how bad is this going to be in about 6 months?

>bitcoin is mirroring stock prices but with exaggerated losses and minimized gains, and hours delay.

BASED SAFE STORAGE OF WEALTH/DIGITAL GOLD??

>>14996728
Hi autism anon, do you agree 1000 EOY is FUD? I am also autistic with 140 IQ, but I’m thinking it will be just as sudden as how ETH went to 1.4k in a couple of weeks. We just have to wait for a simple presentation of the working tech and it will create a very huge pump like with the google news but even more ridiculous. My autism brain says that once we have even one insurance company use this to increase their cost effectiveness, the moonshot will just keep going up as more companies FOMO in. We just have to be patient and ignore all FUD. Also derivatives and stuff will be nice. I’m just curious though because it’s been 2 years and not much but I still believe with the claimed expansion of the LINK team and someone like Ari Jules leading them, we will all make it lads.

I’ve been in this market for so long looking at different coins who all claim to have better use cases but nothing I see is more exciting and beneficial than LINK itself. I’m all in on this friends. Hope our autism works together and proves us right, so people can stop making fun of us anymore.

>>14569438
Going down to a dolla fiddy

>>14564426
Mr math man can you do one for LINK please is it going down or up?

>>14563242
Isn’t this an obvious bear flag

Convince me to all in LIT

>>9149098
nah, the only coin i'm in that is shilled on biz is nuls and that was a total accident.

>>8445975
Spring is here, love is in the air

>>8271963
>everyone's a faggot but me, and i'm really into these gigantic asses

>>7899813
kek

>>7874975
kek youre the dictionary definition of tryhard

>>7874152
story time

BTC 35%
ETH 35%
XLM 25%
?? 5%

WE DOIN IT BOIS IZ HAPNIN