The US Federal Reserve Bank, the world's largest and most influential central bank, is to hold an emergency meeting tomorrow - Advanced Notice of a Meeting under Expedited Procedures: https://www.federalreserve.gov/recentpostings.htm
Fed to hold emergency meeting on Monday amid SVB's swift collapse - https://uk.investing.com/news/stock-...-432SI-2946966
It's as a result of the collapse of Silicon Valley Bank, the largest US bank failure since 2008.
Silicon Valley Bank: Regulators take over as failure raises fears - https://www.bbc.co.uk/news/business-64915616
20 banks that are sitting on huge potential securities losses—as was SVB - https://www.msn.com/en-us/money/savi...vb/ar-AA18tAxj
The Bank of England has stepped in to to reassure that bank's British customers their money will be safeguarded. Meanwhile, in the US depositors at other US-based banks are getting cold feet.
Bank of England statement on Silicon Valley Bank UK 👇 pic.twitter.com/62snFTF2Wj
— Bank of England Press Office (@BoE_PressOffice) March 10, 2023
BREAKING STOCK ALERT: Roku falls in after-hours trading after revealing 26% OF TOTAL CASH is held at SVB...
— Chuck Callesto (@ChuckCallesto) March 11, 2023
ARE WE LOOKING AT A 2008 CRASH ON MONDAY OR WORSE?
First Republic Bank in Los Angeles, today 3/11.
— jersey fletcher (@FletcherJersey) March 11, 2023
Emergency meeting of the Fed! Get ready!
Lines of people.
The Bank Runs are starting. pic.twitter.com/Z1H5W6mcZQ