Regulators unveil plan to assure depositors will get money after SVB collapse Banking regulators devised a plan Sunday to backstop depositors and protect financial institutions with money at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution. In an anxiously awaited announcement from the Federal Reserve, the central bank said it is creating a new Bank Term Funding Program aimed at safeguarding institutions impacted by the SVB failure. In addition, regulators said depositors at both SVB and Signature Bank in New York, which also has been closed, will have full access to their deposits. The Treasury Department said it approved of plans that would unwind both institutions “in a manner that fully protects all depositors.” Those with money at the bank will have full acess starting Monday. A joint statement also said there would be no bailouts and no taxpayer costs associated with any of the new plans. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” said a joint statement from Fed Chair Jerome Powell, Treasury Secretary Janet Yellen and FDIC Chair Martin Gruenberg. The Fed facility will offer loans of up to one year to banks, saving associations, credit unions and other institutions. Those taking advantage of the facility will be asked to pledge high-quality collateral such as Treasurys, agency debt and mortgage-backed securities. “This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy,” the Fed said in a statement. “The Federal Reserve is prepared to address any liquidity pressures that may arise.” The Treasury Department is providing up to $25 billion from its Exchange Stabilization Fund as a backstop for the funding program. Along with the facility, the Fed said it will ease conditions at its discount window, which will use the same conditions as the BTFP. Markets reacted positively to the developments, with futures tied to the Dow Jones Industrial Average leaping more than 250 points in early trading. The news came after Treasury Secretary Janet Yellen said Sunday morning that there would be no SVB bailout. “We’re not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs,” Yellen said on CBS’ “Face the Nation.” The SVB failure was the nation’s largest collapse of a financial institution since Washington Mutual went under in 2008. The dramatic moves come just days after SVB, a key financing hub for tech companies, reported that it was struggling, triggering a run on the bank’s deposits. Authorities had spent the weekend looking for a larger institution to buy SVB, but came up short. PNC was one interested buyer but backed out, a source told CNBC’s Sara Eisen. The scenario harkened back to the Sept. 15, 2008 of investment banking giant Lehman Brothers, which also found itself insolvent and in search of a buyer. The government also was unsuccessful in that case following a weekend of wrangling, triggering the worst of the crisis.
“The shareholders in the bank are going to lose their money, let’s be clear about that. But the depositors can be taken care of, 这就是好消息了，不然为什么要拿纳税人的钱补贴shareholder，投资本来就有风险 Mayilong 发表于 2023-03-12 11:44
没错就是这样，如果这家银行专做传统小企业储蓄或个人储蓄，出现这种bank run 的可能性也一点不低，SVB根本没有什么高风险投资和坏资产，现在被加息害死也就算了，资产变卖了也够还给储户，只是需要时间，Feds只是通过特殊借款帮储户们在这段时间度过难关，不知道要兜什么底，兜底的难道不是股东？怎么这么多人就这么义愤填膺的，再结合高赞看，就是因为对硅谷的敌意。
请问这是什么逻辑呢？ “不给我好deal，我死给你们看”的意思吗？
他们就可以逼fed下次不加0.5了
这倒是真的，但这是后来美国政客看到花街又肥了，所以又开始割花街的大韭菜，这也没办法，美国政坛本来就是一帮人支持大 corp，一帮人恨大 corp。
太同意了，就是这么回事，我猜下周会有家大行出面的
https://www.pionline.com/pension-funds/silicon-valley-bank-collapse-forces-investors-pension-funds-take-stock-losses#:~:text=Top%20shareholders%20in%20Silicon%20Valley,iShares%20Core%20S%26P%20500%20ETF.
怎么说呢 准确说是向乱烧钱的startup风气开了一枪 不然的话这种乱烧钱的风气蔓延开 会挤压死真正的好的高科技 不信的话看看天朝倒闭的芯片企业们 烧了多少钱 带来了什么？
嗯，所以期指现在都是绿的
Banking regulators devised a plan Sunday to backstop depositors and protect financial institutions with money at Silicon Valley Bank, a critical step in stemming a feared panic over the collapsed tech-focused institution. In an anxiously awaited announcement from the Federal Reserve, the central bank said it is creating a new Bank Term Funding Program aimed at safeguarding institutions impacted by the SVB failure.
In addition, regulators said depositors at both SVB and Signature Bank in New York, which also has been closed, will have full access to their deposits. The Treasury Department said it approved of plans that would unwind both institutions “in a manner that fully protects all depositors.” Those with money at the bank will have full acess starting Monday. A joint statement also said there would be no bailouts and no taxpayer costs associated with any of the new plans. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” said a joint statement from Fed Chair Jerome Powell, Treasury Secretary Janet Yellen and FDIC Chair Martin Gruenberg. The Fed facility will offer loans of up to one year to banks, saving associations, credit unions and other institutions. Those taking advantage of the facility will be asked to pledge high-quality collateral such as Treasurys, agency debt and mortgage-backed securities.
“This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy,” the Fed said in a statement. “The Federal Reserve is prepared to address any liquidity pressures that may arise.” The Treasury Department is providing up to $25 billion from its Exchange Stabilization Fund as a backstop for the funding program. Along with the facility, the Fed said it will ease conditions at its discount window, which will use the same conditions as the BTFP. Markets reacted positively to the developments, with futures tied to the Dow Jones Industrial Average leaping more than 250 points in early trading. The news came after Treasury Secretary Janet Yellen said Sunday morning that there would be no SVB bailout. “We’re not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs,” Yellen said on CBS’ “Face the Nation.” The SVB failure was the nation’s largest collapse of a financial institution since Washington Mutual went under in 2008. The dramatic moves come just days after SVB, a key financing hub for tech companies, reported that it was struggling, triggering a run on the bank’s deposits. Authorities had spent the weekend looking for a larger institution to buy SVB, but came up short. PNC was one interested buyer but backed out, a source told CNBC’s Sara Eisen. The scenario harkened back to the Sept. 15, 2008 of investment banking giant Lehman Brothers, which also found itself insolvent and in search of a buyer. The government also was unsuccessful in that case following a weekend of wrangling, triggering the worst of the crisis.
好像只有 PNC 有点兴趣，但又退缩了，最后没银行 bid
fed这算内幕交易吗？需要被查吗？左手查右手。。。
没有接盘有什么说法吗？
所以zf只能当雷锋? 需要bailout的时候风险都让zf担了 一说起赚钱就要被查
有 FED 接盘就行了。
如果 FED 不出手并且没有银行接盘侠，明天那些中小银行股会血流成河（最大的那几个银行可能不跌甚至涨）；
这样做对股市大盘和整个银行金融体系也有很大的稳定作用
现在他们的裤裆里都是屎 谁也比谁好不了多少 谁敢出来？
钱还能赚。战争输掉了我们都没命了…
说这话真是眼皮子浅
储户所有的钱不受影响
下一次怎么办。 这些银行也太贪心了。
treasury和fed是不一样的 各司其职
刚出来的，6:15 左右你看那时期指也有一个跳涨
uninsured 也保证了，不管 SVB 的资产够不够支付所有储户全额存款的， FED 出来对这个做了担保： 给钱！全额！
very strong statement.
everyone calm down.
人性就是贪婪的，没办法； 小到散户大到花街无一不是一掐脖子就拉稀一松手就牛逼；只能希望政府在掐脖子，松手，人工呼吸之间及时切换
都不知道你这结论怎么的出来的。所有持股人股票全清零了，只是储户可以拿回所有 deposit。
我觉得下面会立刻立法帮着银行把漏洞补上。
svb的资产应该够的 主要是liquidity出了问题
政府掏钱，我的理解是等于定点定向量化宽松了
差价基本上wipe out 他家的equity
联储提供特别贷款窗口， 银行用 国债/MBS做抵押，
来解决流动性，保证储户能打到钱 解决目前的市场恐慌
就是新接管SVB的那个机构也可以拿到Fed 给的一年贷款帮助缓解liquidity 危机？这样就不用压价强卖资产了？
有道理。多谢！
基本没宽松，现在各个公司有了fed 保证就不急着提取了，bank run 结束
Fed 先提供一些loan, Svb 慢慢开始卖资产还钱
你被光速打脸了
乌克兰战争打输了，我们在美国的人怎么就没命了？？
我也是看哦半天没看懂…乌克兰俄罗斯打仗和美国人有个毛线球的关系
普通股民何罪之有 ceo事到临头 都在卖股票 发奖金. 金融系统的人道德底线极低. 没有羞耻感
这很合理，也是预期的，shareholder risk自己承担，存钱的客户当然要保护。
对你们这样的理解能力来言，看不懂是自然的
属实
不是打到美国本土才和美国有关系的。如果不遏制普大帝的野心，东欧的国家一个个都会瑟瑟发抖。等到了俄罗斯一步步开始蚕食到NATO国家，美国不出兵都不行。现在也就是出钱出武器。
这家主要是企业存款，和你说的个人三瓜俩枣完全是两码事。
银行股东的钱不保证，是保证储户的钱
哈哈哈哈
FEDS不是说得很清楚了，SVB的死活不会管，股票清零也不会管，投资者股东承担风险买单，你们都看不懂吗？depositors 当然要管，人家人在家中坐，祸从天上来，就类似个人存款因为银行经营不善没了，他们又没做错什么，为什么要他们承担？
单纯说最后一句，香奈儿很重要吗？
俄罗斯那点gdp, 你出钱给普京打仗么？ 看拜登最近扣扣索索那个样子。
你还不如说普京灭霸附体呢。
储户安全了 股东有点惨
Fed 及时 take over，就不会继续 bank run 。
股票跌成零，用股东的钱付储户。
不重要，就是这些不相关，或者关联性较弱的都被影响到了，说明波及范围很广很深
Fed兜底保护的不是普通depositor的利益么？ 你们到底在complain什么啊？
OK make sense
我complain 啥了？svb是第一家，但不会是最后一家。fed 兜底兜得完吗？兜不下去的时候怎么办？
应该是卖资产需要时间，这段时间通过特殊借款帮储户们先拿到钱，解决流通问题。
不然呢？ fdic成立的初衷就是保护普通老百姓的血汗钱 自它1933 年成立、有多少家bank fail过. 在保额内的钱数fdic是全部保证的 你们好歹了解一下美国的这些基本金融知识好不好？
跟fdic 什么关系？我什么时候说fdic了？fdic 只保25万，fed 现在是把超过25万的兜了下来。买了长期美债的肯定不止Svb 这一家银行，fed 继续加息，搞不好更多中小银行要出问题，fed 打算全部兜下所有的长期美债吗？看得懂我说什么再回复。
当Fed愿意给储户兜底，就是提振储户信心，告诉大家没有必要bank run。Fed要是不管，才会继续出现bank run的局面。
我觉得她们没搞清楚状况，本以为硅谷startups储户们要死一批，现在又要活了，就开始心里不平衡了。其实SVB资产够还给储户，只是liquidation需要时间，Feds的意思就是先解决bank run，然后让SVB股东给储户们买单，合情合理，也保护其他中小银行不受同样的血洗。
超过25万难道就不是depositor了？他们何错之有？ fed敢这样保 说明svb的资产是足够cover的 如果fed现在不站出来 稳定一下 更多的bankrun明天就会出现 有这个必要么？
企业客户存的钱和FDIC保的老百姓血汗钱范围不是一个数量级。
因为下一步就是要喊你上战场对抗中俄了。
大家不满的是 这些所谓金融高管 在那个注水 亮瞎眼的财报之后 赚的盆满钵满 然后留下洪水滔天却没有任何惩罚
我觉得你们很搞笑，任何质疑的人都是眼红startup。纽约signature bank , fed 也得管，这跟startup 又有什么关系？svb 风险管理有问题，买了太多长期美债，它是第一家，但不会是最后一家。本来就是fed qe又加息太快的错，现在没人愿意接手长期美债，那它是打算接下所有银行的长期美债吗？别有点不同的声音就是眼红嫉妒，视野开阔点，这不是一家银行的问题。
是的。就算去坐牢也是wall street wolf里的小李子。坐state/federal管的监狱。天天打网球。爽歪歪。
你依然没看懂我说什么。因为储户要把钱转去提供更高利息的银行，才造成svb 亏本卖长期国债，再造成bank run. 即使美联储掏钱解决了现在这次危机，但是继续加息可能会造成一些情况类似svb 的银行被迫亏本卖长期国债，美联储是打算把这些长期国债全部都接下来吗？
何止是银行，很多养老基金出于风险管理的要求，也要求买不少高等级的债券的，这些债券现在都是大缩水。Fed这混蛋的QE持续的时间太长了，规规矩矩按风险管理的机构，和不规规矩矩的被低利率逼着搞其他高风险投资的，碰上这种疯狂加息，其实全部倒了血霉。
你看看那个最高赞再说这句话吧。
条款就是25万及以内，错就错在无视这个条款，那当然应该承担损失 现在这个“大富豪”比如Mark Cuban本来deserve的损失，却是所有纳税人给兜底，你说咋整？
强烈赞同。fed qe太长，加息过快，没有任何前瞻性，鲍威尔真是史上最差
你的确应该视野开阔些，还应该加强些逻辑。持美债的银行数不胜数，SVB不是个例，Fed只有这样才能确保中小银行不会出现骨牌效应的bank run，就是说不会出现你说的情况。不要因为正巧SVB的储户们是硅谷startups 就连基本逻辑都没了。而且现在是要SVB股东救储户，很合理啊，华尔街那些股东是要清零了啊，这不就是得到惩罚了吗？所以之前才有人问你们在complain 什么啊？
到现在 QT才做了多少? 不用加息 把美联储买的那些所谓资产拿出来卖了 通胀就下来了
真有可能，下一步在美国的中国人都有可能关到集中营，楼主打算回国吗
正常的银行清算，deposit就是最高等级的。SVB这种情况，超过250k的存款，正常情况没有保险也可以拿回大部分，只不过拿到的时间可能多达几个月甚至上年。Fed的做法就是我先暂时给你垫着，预支一下，反正有SVB资产抵押，慢慢清算好了，这里面根本就没有什么纳税人兜底一说。
Yellen和fed看起来自相矛盾的话来看，不花纳税人的又有会注资，应该SVB资产是可以抵债的。主要就是流动性的问题。 SVB的股东可能赔光了。但客户存款的钱可以保障，Fed接管不就是做这个事的吗？如果让SVB自生自灭，对美国金融体系的危害太大了。
政府凭空做了个好人，股东反正炒股的哦都是闲钱的意思么
股东清零了? 那个ｃｅｏ 偷偷卖股票 发奖金 就算了？ 为什么这种行为屡禁不止? 为什么不让他坐牢.
任何一个创始人都干不出这种事情. 这些所谓的经理人 真是毒瘤
应该变卖一切资产先还储户的钱，然后才能还债权人的钱。破产是资不抵债，shareholders已经清零了
你要明白这个逻辑： svb 亏本卖国债 - bank run - 其他银行back run - fed 兜底 先出现svb 资不抵债，才出现fed 救场 fed 救场只能挽救恐慌性的bank run, 不能改变储户因为加息而选择去高利息银行，再造成的银行资不抵债。 咱俩讨论的从来不是一个问题，我在意的是未来，你在意的是现在。
svb资不抵债，怎么可能清算后还可以全额付清所有人的deposit，最后这差额还不是我们付的？ BTW，vanguard有1b的股份，已经打水漂。你我的养老金，如果投了vanguard的基金，都会缩水～
所以对我们这些普通人来说，是莫名其妙被连续割了2次韭菜。这时候还帮着那些“大depositor”说话，真是韭中韭了，LOL
没错就是这样，如果这家银行专做传统小企业储蓄或个人储蓄，出现这种bank run 的可能性也一点不低，SVB根本没有什么高风险投资和坏资产，现在被加息害死也就算了，资产变卖了也够还给储户，只是需要时间，Feds只是通过特殊借款帮储户们在这段时间度过难关，不知道要兜什么底，兜底的难道不是股东？怎么这么多人就这么义愤填膺的，再结合高赞看，就是因为对硅谷的敌意。
有些人是生怕恐慌不会波及，现在Fed护住了个人储户和企业储户，他们当然要complain了。真要说别的解决方案，他们也说不出来的
这就是华尔街的问题了，的确是毒瘤，得要SEC监管FBI调查，和储户们有什么关系？