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To save people a quick search, here is part of the Wikipedia definition of Form 8-K: "...a very broad form used to notify investors in United States public comp
by iammiles 4y ago
To save people a quick search, here is part of the Wikipedia definition of Form 8-K: "...a very broad form used to notify investors in United States public companies of specified events that may be important to shareholders or the United States Securities and Exchange Commission."
- carstenhag 4y agoAnd SVB means Silicon Valley Bank, which was shut down by a regulatory body some days ago: https://www.cnbc.com/2023/03/10/silicon-valley-investors-and-founders-express-shock-at-svb-collapse.html https://www.cnbc.com/2023/03/10/silicon-valley-investors-and... (seriously HN, we non-US people have never heard of your terms)
- flutas 4y ago> some days ago some hours ago
- bee_rider 4y agoI think it is not a US-specific thing, I live in the US and had never heard of SVB until the recent volley of articles here.
- wlonkly 4y agoIt was SV-specific, but now it's US-specific and beyond!
- xeromal 4y agoSame here but SVB was the 18th largest bank in the US.
- briffle 4y agoCan you name the 16th and 17th largest banks? Most of us can think of a few big ones, and a handful of local ones.
- mtmail 4y agoTest your knowledge https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U... I might have known 50% of the top 20 maximum.
- slaw 4y agoI know 7 from list 1..10 and 2 from list 11..20
- xeromal 4y agoWhen I saw that they were insolvent, I looked up the bank rankings and saw their position. Out of the top 20, I am familiar with probably 14-15.
- mynameisvlad 4y agoYou think most people don’t know who American Express (17th) are? Citizens Financial Group (16th) is also quite large but I would be shocked if someone didn’t know of Amex rather than did.
- SkyPuncher 4y agoMost know of them, but would have absolutely no idea how large they are. Off the top of my head, I guess the largest are: * JPMorgan * Goldman * Wells Fargo * BoA
- bee_rider 4y agoI’m not surprised to see that American Express is a large bank, but if you’d asked me to produce a list of large banks, I wouldn’t have included any credit card companies. Of course, a credit card company having a bank attached is not very weird at all. I mean a bank sprouted out of GE that one time, which seems much less on-mission.
- 1123581321 4y agoMost of the top 20 are household names. Many in the top 50 as well. However, a few are top ranked because they have strong regional presence in tech/finance capitals and Silicon Valley is of course one of them.
- tedunangst 4y agoEight of the current HN headlines are about SVB, four of which spell out Silicon Valley bank. Shouldn't be too hard to put it together.
- soundsgoodtome 4y agoSounds like you should get up to date on US terms then, since they’re what matter.
- nielsinho 4y agoTissemand.