Founded over a poker game, this banking group is famous for providing services to startups and venture capitalists.
101 how to start a bank runβ¦.
Thank you Freetrade for saving me a fat loss. I thought I was getting it at a discount on Friday was convinced it was FUD and they would get bought out, only for it to half in price and then vanish.
I pray the UK arm gets deposits backed by treasury or something like that as there are so many employees livelihoods on the line
Didnβt think something like this was posible
Anyone know who Freetrade banks with?
For those interested in exactly what happened with SVB and how it might effect the market, Ramin at PensionCraft did a video explainer.
TLDR itβs those pesky long dated bonds again, and it depends how investors react and what the authorities do; but they will act quickly and decisively to try and avoid chaos. UK is much safer than US as it is less tech focussed.