Incoming FT Analyst at SVB Securities am I fucked?
I know I’m fucked but I have no idea what to do. Any advice or suggestions are appreciated. Thanks a lot
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What would we know that you don’t know? Just wait and see what happens
I read something a while back explaining when Lehman was purchased by Barclays they still brought on the incoming Lehman FT class, so whoever buys SVB hopefully will do the same
I think it’s likely someone ends up buying the IB business but no one’s gonna want the whole bank.
bank just announced they are exploring a sale.
anytime there is a restructuring ANYONE's position in the target co is up in the air.
you should 100000% be looking at other options right now
edit:
bank in receivership now. failed bank.
sorry man
Thx dude 😔
Bro your bank just got seized by the FDCI.
RIP to everyone with Incoming @ SVB listed on their LinkedIn
At the moment, you are okay. Reach out to a banker you have a good relationship with and we will fill you in.
Your job is gone- the bank no longer exists. Recruit asap. Good luck
Wrong
Fuck man I feel bad for your class. I just did a bit of full time recruiting myself this winter and it wasn’t an easy market. While you won’t see many well-known banks (at least until later in 2023 I’d say), there are a few smaller shops actively interviewing to bring on An1s.
It sucks you guys never really got to start. Honestly if you got the return offer then you’re good enough to start in IB, so don’t settle for something like deal advisory. Best of luck finding another seat. I’m sure your story coming from SVB will be understood when you start to interview.
100% misinformation from everyone here. SVB Securities is financially isolated from the parent company and EVERYTHING is business as usual on the broker dealer side. Clients understand this as well and are supportive. Whether SVB Securities spins out or gets acquired, it will still be around and you still have a job guaranteed.
Absolutely delusional. Do not believe anything your seniors are telling you.
Throw all the MS you want. But it doesn't change the fact your parent co no longer exists and had 100% of its equity wiped out.
Yeah...no big deal...we are financially isolated. Clients are totally OK with this.
I want you to come back to this thread in 2 weeks and tell me I don’t have a job. I’ll be eagerly waiting for the “I told you so” and look like a clown
In case you wanted some additional color: https://www.prnewswire.com/news-releases/svb-securities-continues-its-independent-operations-unimpeded-by-silicon-valley-banks-receivership-proceedings-301769597.html
Del
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