Chipping away, dialogue shares sink to the bottom of the 600 as the Semi Conductor Company Delivers a cautious Fourth Quarter forecast. Choppy waters for mass group. The danish shipping giant, the cyber attack proves worse than anticipated. Another stumble on the cat walk the german online retailer lowers its Profit Guidance citing weaker trading in october and Profit Margins so the ecb president mario draghi is due to speak at the forum on banking supervision in frankfurt. He hasnt quite started this speech yet but joining us today is nick guardside from jpmorgan Asset Management nick, thanks very much for joinings just before draghi gets to it. I want to ask you, as a fixed Income Investor here, how focused are you really on the Banking Sector in europe right now. Clearly a couple of years ago, we were very focused on the Sovereign Finance linkage. Does that still play into your framework or do you think that draghi has succeeded in severing the linkage between the two . No, draghi h
What happens after bank closes and the FDIC takes over logistics of Silicon Valley Bank and Signature Bank do I access my account deposits, do I have to continue making loan payments, what happens to failed banks escrow accounts, do CDs get interest, how do I make FDIC claim
Below is a brief synopsis of the failures of Silicon Valley Bank (“SVB”) and Signature Bank, NA (“Signature Bank”) and the actions taken by the U.S. government in response to these.