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- เผยแพร่เมื่อ 12 มี.ค. 2023
- HSBC has agreed to buy the UK arm of collapsed US Silicon Valley Bank (SVB), bringing relief to UK tech firms who warned they could go bust without help.
Customers and businesses who have money deposited in SVB UK will be able to access it as well as other banking services as normal.
The Treasury said the deal with HSBC involved no taxpayer money and the Bank of England said deposits were secure.
HSBC said it paid just £1 for the SVB's UK arm after it failed on Friday.
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This is scary. Rich people pay politicians to make sure they get access to taxpayer funds first when banks shutter or they're in jeopardy of losing all their money. I feel bad for the lowest paid workers that may be affected, but not CEO's. A lot of them have created this abusive corporate pay structure where they are paid 300 to 400 percent the salary of entry level workers. Most add very little value. They posture and perform with speeches, meetings, and excessive travel to provide the appearance of working hard. It's a con.
yes 100%
My greatest concern is how to recover from all these bank, economic and global crisis and stay afloat especially with the political power tussle going on in US.
Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
@@ava61329 Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@lowcostfresh2266 One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation. I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@@TomD226 Having a counselor is essential for portfolio diversification. My advisor is Nicole Joi Anderson who is easily searchable and has extensive knowledge of the financial markets.
Did Jeremy Hunt really just say that HSBC is one of the most credit-worthy institutions in the world?
He's got a short memory !
Because of all the laundering..yes
It is a credit worthy institution, the fact that they laundry criminal's money doesn't change that. As long as they don't lose people's money.
Yes it is, they have 400 Bio USD siting in cash and have the best solvency ratios in the world.
@@soucmic After being bailed out.
@@BD-vu9bv So long as individuals implicated in fraud have been sanctioned, the business itself is an asset with thousands of employees and a significant role to play in the economy.
My bid was 99 cents.
I missed by 1 cent.
Shit hurts.
Seems no serious bank owner watched this clip. 1£though... I still look at it. I want technology funding bank, really bad.
Okay, that was actually pretty funny.
@@JohnFKennedy529 There's nothing in fun these days.
“No tax payer money will be used to bail out the bank”
…
It’s all tax payer money
Damn.. if it was only £1 I could’ve bought it 😢 I’d like to own a bank, wish they’d asked me
Aha! You wanna be an bank robber?
Poor SoyBoy of Uk, not buy bank, bery sad 😭😭
Hehe if you're looking to become immediately bankrupt then buying an indebted company for £1 seems like a good idea
@@AGP335 soyboy good at handling business😒 no bankruptcy
And then... U will be held accountable for the high debt... U want to do that?
I bloody hate banks and bankers.
Ookay....so you bought CRYPTO to self custody your funds?(and take it out the banking system)
If it weren’t for banks you wouldn’t have a home, any technology, any friends.
@@Gaylord69420 agreed... but now with crypto we don't need them...
But.. realistically 90% of the public will still use banks(from fearing new technology)..
But Crypto has a solution for that too because SMART CONTRACT Blockchain networks (like FLARE #FLR) can monitor the SOLVENCY of other networks (like bank deposits) and create a SMART CONTRACT between depositor and BANK whereby the Bank has to stake collateral if gambling depositors money..
..smart contract blockchains can monitor the solvency of the banks trade and the smart contract with (in an automated fashion) COMPENSATE the depositor wth collateral(should the Bank become insolvent).
@@liveuser8527 no, crypto has no fundamental tangibility, it’s literally backed by nothing. Also if banks were to use crypto there would be no security, then what is the actual point of a bank? Technology is getting to advanced and people are forgetting the fundamentals.
Abandoning the gold standard was crazy enough, pairing 2 currencies against each other, but now crypto? Insane.
@@Gaylord69420 I feel like The Jennifer Lawrence or DinCaprio character in "don't look up" and im struggling now to facepalm and just scream...
Bit you are EXTREMELY ignorant about Digital assets and how the monetary system really works.
There are TECHNICAL reasons why the US had to de-peg from the Gold standard..
can you guys please report on the CEO selling stocks right before this happened? Insider trading is illegal right?
Yeah he knew the derivatives trades went south
yeah right, and the CFO as well....
I imagine they are dealing with the fire first before looking into the cause.
How many times do you want to blink?
Jeremy: yes
81 Times in 72 Seconds. Dang.
😅😅liers do that.
Sign of a liar
Govt money is tax payer money
If its not in Your custody its not yours!..
Buy CRYPTO if you want self custody
Possession is 9/10ths of the law
@@liveuser8527 And be like the crypto bloke on the video which went viral. All his money was in crypto, he invited friends out for a huge celebratory party at some posh restaurant with high prices. When the bill arrived his credit card was refused because all of his crypto had become worthless in a matter of hours. This last week I think, thanks to the Swedish channel that brought it to my notice, and serves as a salutary lesson in investing in crypto. Watching it was also hilariously funny, though I'm not so certain those who couldn't afford to pay for their percentage of the meal were quite so amused. Hope they enjoyed the washing up and other menial tasks they ended up doing. Oh, and it was posted by the restaurant apparently as a warning to others.
@@ABC1701A if this guy was an FTX investor and put ALL his money on ONE centralised platform..he deserves to lose his money.
And why don't you focus on the Millions of Success stories(like myself) who have made life changing sums?
Why?.. because I buy market LOWS... DIVERSITY...and also diversify the EXCHANGES I use and diversify the OFFLINE WALLETS I use.
@@ABC1701A yes..IF you dont know what you are doing in Crypto you WILL lose money... because for every buyer there is a SELLER and vice versa..
LOSERS buy my ripe Mature crypto BAGS when I sell at TOPS of markets..
And I buy losers Crypto Bags at BOTTOMS of markets.
#buy low, sell high..
But youd be amazed how many people still fcuk this up.
WAIT!! I BID £2!!
congrats, the debt is all yours!
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@@danielhenderson7050 I can buy it for $5 and sell or rent building, equipments, Softwares etc..even if debts is not closed Will launch a blockchain bond for $5 where investor can sell it or bank can buy back it once debts recoverd and become profitable or bond value increases over time
The whole banking system is about to collapse!
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Good
'THE END IS NIGH!!!'- you right now
No it isn't
Seems like it. Or a mini-version of 2008.
Without politicians who would water trees in rain😀👍🍺
Beaurocrats
This is the bank ,who was criticizing Indian industrialist Adani few days ago regarding their mismanagement , not looking its own faults. Now ,
Who was the culprit,it is crystal clear.
That’s some irony, SBV got into trouble because they weren’t greedy enough (buying the most conservative bonds) and are now being bought out by one of the greediest most corrupt banks in the world
Even funnier is that they were actually helping out the US gov by purchasing their bonds during Covid, allowing them to have more funds for relief packages.
SBV overconcentrated their risks and didn't fund interest rate risk. Interest rates should not be near zero forever. US politicians took donations from banks to leave only 10 banks under the stricter Dodd Frank oversight.
@@sands7779 A lot of the bonds were purchased during COVID when inflation was at a near record low and the Fed’s interest rate was negative - they could not foresee that a certain bear-loving ex KGB operative would crash global supply chains and start the largest inflationary spiral since the 80s… They were a good purchase at the time but granted they should have hedged the risk.
Svb donated 75million to the democrats corrupt to the core
What’s situation with rbs and Lehman that happened few years ago. Very important sector
The American bank is not worth the money
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Apparently the UK arm wasn't experiencing the issues that their US head office were, it was the only one that was still solvent which is presumably why it was sold off.
Well played Hongkong and Shanghai Banking Corporation. 💯
ok troll bot
They were a respected bank when I was working in international transactions, quite some time ago now mind. I have no reason to doubt that they are anything else today but respectable still.
The taxpayer bailed out HSBC in 2008, who is collateral for the billions of debt that sunk the SVB? When a bank fails that money goes somewhere!
This makes no sense. Are you saying that the UK branch has sent all its cash to the USA? That would be illegal surely? The BoE say that the UK arm is insolvent to potect it from the USA collapse, that doesnt mean the UK customers have lost any money at all.
@@T5Zplayer I didn't mention the USA as we are only discussing the UK branch. Your ability to misinterpret sentences is unparalleled. My point is that HSBC was bailed out by the taxpayer who is now at risk of being used as collateral for the billions of debt racked up by SVB, at least the SVB UK portion. If this goes wrong the taxpayer may be subject to another bailout. Taxpayer money is for infrastructure and public services, not a guarantee for shareholders and corporations. Taxpayers do not get any of the profits but are liable for the losses of bankers... Money doesn't cease to exist, someone always profits from bankruptcy. Finance is a farce that enables a tiny minority to own and control the vast majority of global resources, while the majority struggle to survive!
@@T5Zplayer PS Global debt is over 3x global GDP, the UK's national debt is over 100% of its GDP in real-time. Money is no longer tied to any physical resource since the loss of the gold standard and the rise of central banks which started in 1913 with the Fed which is now global and has enabled FIAT currency and Fractional Reserve Banking. It's a farce!
@@T5Zplayer uk is a vassel state of the US.
@@steveparker8065 HSBC was not bailed out so far as I can work out.
The majority of the bailout money went to RBS, B&B and Northern Rock.
And even if is was, all it would mean is the government is or was a shareholder. Shareholders aren't at all obligated to inject any cash into the company if things go wrong.
They're not liable for anything; worst thing that could happen is the value of the company goes down so they can't sell it for as much.
No more public bailouts.
FOR ANY businesses.
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Good to know Poundland is getting back to regular prices!
The real cost is that HSBC will have to make good all the losses of the SVB bank ... so actual price is 1 pound plus all the losses that are on the balance sheet that is the non performing assets plus loss of market value of its financial investments in other companies and USA government treasury deposits
UK is lucky to have Rishi sunak
Pahaahahahahahaahabahaba
At no time have we seen such a massive constellation of risks.
When the US last told us everything was fine was in 2008.
FTX, Silver Bank, SVB, … not a contagion yeah? Just like Covid.
I had 2€s burning a whole in my pocket. Damn. I could have bought a bank. And like Britain did about something - forgotten it. On no. You are then responsible for ALL The investors and despositers aren't you? It is not just being sound as a £1.
One day, Great Britain One day.
humiliating.....
Who even banks with SVB in the UK?
For £1... U should never accept the first offer. Id have doubled that.
If there is no systematic risk, why sell?
Damn i can buy that , I miss the opportunity while busy watching wolf of wall street
If regional/smaller banks lose money as people move to GSIBs (Global Systemic Important Bank) because the larger banks insure 100% deposits, and we end up with 4 of 5 SIBs could their terms of service could include digital Banking?
keep kicking the can down the road..its disgusting
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Those who profit from tragedy are not our saviours.
the british do now we got their BANK like their buy british companies.
Proof that finance is not an exact science and same for economy...but many media paid much time in analysing a subject based on speculations everywhere around the world.... credit worthy is subject to caution....
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Yep they're going to levy banks rather than the public.... Banks that will pass the cost on to the public.
Another 5 banks in America are dropping fast.
Which ones? I've heard that Signature Bank has also collapsed
Western alliance down 62%
First republic bank down 64%
Packwest bancorp down 42%
Charles schwab down 8.85%
Plus the one you mentioned.
Biden talking about banks at 9pm
Yet SPY/VOO are up 😂; I guess everyone already expect the Fed to go Brrr again.
£1 wow even the bread is more expensive
For 💷1？What a bargain~
Time to draw money out ??
How long will it be before the small regional banks cant sustain their or service there depositors, leading to takeover from larger banks? leading to a cartel of mega financial institutions.
The Trust that went bust 😅
Fukk when they say there's no problems in other banks 👀😳
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Signature Bank has also collapsed!
Western Depression incoming 🤣
5 banks in America are dropping fast.
I would have paid at least 2
So help big banks and big companies with money in them, but not the NHS and poor people? Got it.
Nonsense comment. Billions handed out over the past 3 years.
Nonsense comment. No taxpayers money was used.
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@@BD-vu9bv not yet
@@T5Zplayer not, the NHS have gotten cuts after cuts
1 dollar ?
I found 20p today. Made my day
Lee?
This morning I found £1 on the floor while waiting for the bus! Should've bid.
@@mwd331 Only if I found 30p :)
@@cennamonzimt Hey! Yesterday I found £1 as well in a asda trolley!
@@Greenpoloboy3 oh yeah, good point..
“No tax payer money has been used.” Let’s hope it stays like this. Who knows if HSBC themselves suddenly need help…
@Georg tunbridge HSBC UK Bank plc is a British multinational banking and financial services organisation. It is not Chinese.
@Georg tunbridge That's the name. That's what HSBC stands for. You may recall that Hong Kong and Shanghai used to be British colonies. It was founded in 1865.
If they bank in the USA then let them take the fall, they made a choice to bank abroad tough
Got ripped off
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I just wonder how come UK government can sell SVB UK to HSBC at 1 English pound?
Thats required by the law..hsbc cannot but svb for free..for 1pound hsbc is taking over liabilities.
you can trust the tory's with the economy, they're willing to take the difficult decisions
by contrast, labour have never left office with unemployment lower than when they started, the tory's always have to clear up their mess first ?
Should've paid at least 4 pounds
can't silicon valley just square everyone up with some nft's of cartoon monkeys ?
Too big to fail as they said 🎉🎉🎉
Take all your money out of the bank immediately
What about these smaller banks? And where put your money? Aren't we protected up to £85,000 ?
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Put it where?..under your mattress?
Id buy Crypto
@@Greenpoloboy3you will need physical cash when and if the banks completely go down.
I dont give a shite all my money is debt and borrowing anyway nothing to lose
What is the value of the 🆕 S letters , tell if you know 🏫
Shoulda doubled my 50 cents. 😢
A good deal?
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Tim Davies must resign immediately.
Maybe Hindenburg should have focused on SVB instead. Oh wait, they're not Indian.
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I'd have offered £1.50
What a tragic joke... and yet they still talk crap!
Those are MI6 pretending to be aid workers!!!!! 😂
Bro I would've paid £5 cash
Too big to fail ?
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Possession is 9/10ths of the law...
If it aint in your CUSTODY, it AINT YOURS!....# self Custody your Crypto
Are we more secure with Crypto or high street Banks?
🤣🤣good luck
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what are you going to trade your crypto for in order to spend it?
I'm not a big fan of banks *like everyone else* but at least HSBC saved people's money from being vanished from SVB 🤷🏾♂️
@@-2u2 True buy the interest on those massive loan and bonds and the instant injection of clients is a massive boon for HSBC if they mange this properly . This is a big profit move
I have 350 pound in my pocket. Let me buy that bank😭😭
But with that 350 pound you are also buying their liabilities on the balance sheet..
I.e...NEGATIVE several Billions...
If you cant fund those liabilities you instantly go bankrupt
financial stability in UK , wooaa thats a new term
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Damn everything is tax-payer's money.. how politicians use words to
Get the executives and board members to pay the debts from their personal wealth - then we can agree tax-payer's money wasn't use to some extent
Hong Kong Shanghai Bank Corporation, yes right that is a British bank lol
No British Tax payers money has been used... He forgot to say "yet"
Silly buggers, I'd have given them £2.
And yet there is not even one HSBC bank in the whole town of Chillingbourne.
And HSBC had lots of debt lending out to china
Bruh
It's a bad news
Lots of remainers upset today I see
Good times is back in UK.
Its actually hongkong bank
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Makes us feel rich 🤣Common folks can buy US bank
Bubble
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HSBC buy UK, why not buy USA.
1929
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Ha! You can smell the fleecing of the taxpayers, both US and UK, with all of these shenanigans. By the way, isn’t HSBC a Chinese owned bank essentially? Hm.
HSBC the biggest money launderer in the world steps in lol
So is HSCB the next domino 😂
Or did they get the money from the government so it looks like there is no tax payers money used.
Government money IS taxpayers money!
@@lorddavidlawrence Yes but people wont see it like that.
It will look like they take that bank over with there own funds.
But in the backroom they get it from the government.
So it will look like its nit tax money
This makes no sense, any evidence?
@@T5Zplayer Well time will tell.
Or do you still believe and trust the government or the banks.
So it wont surprise me.
But yeah, you can believe everything you like or want.
This is how i see it.
And yes, al my money is out of the bank.
I dint trust the government or the banks.
So good luck with your head in to the dirt. 👍
@@andrevdende8244 You need to get off that X Box
boooorrrrring, whats the latest Linekar gos, get some actual news pls.
Why is he sweating so much? Giving health workers a pay rise is impossible, but there is a lot of resilience in the UK financial system.
He lies
Got to love this administration taking care of the little guy and small startups.. The share holders lost all their money and Management was fired. This is what we should all want in a Government and how it should handle these events. Biden administration handling this event quickly and wisely.
Please stop gang stalking by Koreans From a Japanese
Everything turned into 💩. The Sun does set on the Empire.
I am grateful for this. I hope it sticks
👀
That was quick HSBC! Did you get that pound from a Mexican cartels?
This video is a perfect example of news people lying to you, hoping you are too stupid to notice the lying. Words line “support and protect“ translate to: Businesses with political connections have ZERO RISK!!!