CNBC might want to cut their ties with 'ol Jimbo.
One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock $SIVB, saying it was "still cheap" and has "room to run."
— Watcher.Guru (@WatcherGuru) March 10, 2023
The stock's value has since dropped by 66% following concerns that the bank is on the brink of collapsing. pic.twitter.com/5jgjqTGxld
CNBC, March 10:
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis
- The FDIC said in the announcement that insured depositors will have access to their deposits no later than Monday morning.
- SVB’s branch offices will also reopen at that time, under the control of the regulator.
- The FDIC’s standard insurance covers up to $250,000 per depositor, per bank, for each account ownership category.
....MUCH MORE
Jim Cramer: "Bear Stearns is Fine!" Tues, 3/11/08
