Message from Silicon Valley Bank on stability.... thoughts?
————— Forwarded message ————— From: Ken Wilcox, SVB Financial Group Date: Tue, Jul 28, 2009 at 1:15 PM Subject: Bank Stability: Frequently Asked Questions
Bank Stability: Frequently Asked Questions
Boards are understandably concerned about the stability of the banking industry. I wanted to offer a few points that might help you reassure your board that your bank is strong and address related questions that they, or you, may have.
The most frequently asked questions we receive are below, and please do not hesitate to contact us, if you have any other questions we can help you address.
Why are you banking with Silicon Valley Bank?
SVB Financial Group (SVB), the bank holding company for Silicon Valley Bank, is responsible, healthy and growing its market share Financially speaking, SVB has high levels of capital and liquidity and is well-positioned to support us throughout this downturn and beyond SVB has been working with companies like ours for more than 25 years, and as a result truly understands not only our business but also how to plan for and manage risk though economic cycles
Is our money safe? How do you know?
Yes. SVB is in a strong financial position SVB has a solid capital position and is participating in the government’s Capital Purchase Program to further strengthen its capital levels SVB’s tier one capital ratio was more than double the Federal Reserve’s minimum for a well-capitalized institution at June 30, 2009 SVB currently holds investment grade ratings by Moody’s and S&P Silicon Valley Bank continues to participate in the FDIC temporary Transaction Account Guarantee Program
Can we count on Silicon Valley Bank moving forward?
Yes. SVB’s strategy is tied to the technology, life science and venture capital sectors SVB is realistic about the current economic and banking environment and has positioned itself to withstand expected credit losses SVB is continuing to lend and grow its market share. In Q2, Silicon Valley Bank added 234 new, active borrowers
Please find more detail in the included simple one-page overview of our financials, and a PowerPoint slide you can put into your own board presentation.
We want you to know, as our client, that we will remain committed, as we have been for more than 25 years, to the technology, life science, venture capital and wine industries, particularly in these turbulent times. We are here for you and will do our best to help you succeed. Please don’t hesitate to let us know how we can help your company. We thank you for your business.
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Thanks and God bless.
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I think we've arrived! Mahalo used in 419 scam email!
——-Original Message——- From: Alice Lewis [mailto:email@example.com] Sent: Friday, July 10, 2009 8:51 AM Subject: Good day;
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I believe that you will keep this business confidential, I have a client who has the sum of ₤8,945, 600 in his account with me, an information came to me that he is among the victims who died in the recent air crash of Air France Flight 447 , he died with his entire family. He used his little son as his next of kin, who is also a victim of the incident. Now there is no one to stand to claim the money and access. Now, I want to move this money out before the top officers and share holders of the bank will know and divert the money into there private account.
The reason of contacting you is; I have decided to quite my job and resettle in another country. I want the money to be moved to any country where you will receive it and keep it safe for me until I come over to meet you. What I need is someone that is honest and trustworthy to receive the money for me and I think you might fit that profile.
Before contacting you, I have made proper arrangements to enable me move the money to any country of my choice without hindrance. You will benefit a reasonable part of the total money for your assistance.
Reply this message as soon as you read it to let me know your mind towards this proposal so that I will give you the full detail of the transaction. I would appreciate it very much if you give me your contact detail including your private phone number.