DrStool Posted March 13, 2023 Author Report Share Posted March 13, 2023 14 minutes ago, Jimi said: Significant Other.ย ย Obviously. Ok. I'm an idiot. ๐๐๐ Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2023 Report Share Posted March 13, 2023 That whole Big4 thing is one big scam. It must be ended. World wide. The approval of the self assesment regarding proper risk management procedures is one part of every audit. No one on earth can tell me that SVB had proper risk management. So why did KPMG give their signature?ย Link to comment Share on other sites More sharing options...
sandy beach Posted March 13, 2023 Report Share Posted March 13, 2023 2 hours ago, Jimi said: Talked to a friend with a sig-o whose business account is at First Republic. He needs to carry large balances periodically for that business: buys & sells expensive stuff for clients. They swept cash out today to bring the balance down to $250k. Doubt heโs alone. Told him to shop for a new bank with supplemental insurance or the sweep arrangement Sandy referenced. I donโt believe the USG can backstop uninsured deposits everywhere and if SHTF, only the biggest money centers get in a federal lifeboat. Fielded an inquiry about Schwab from another - share price suffering and concerns about bank/brokerage divide. I think thereโs anxiety today despite actions & reassurance. ย Link to comment Share on other sites More sharing options...
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