How dangerous are issues going at Silicon Valley Financial institution? Former staff public sale off firm merchandise on eBay to make a fast buck.
Some SVB objects embody a tattered blue cardboard field with the letters “SVB” engraved on it. Asking value: $201.
“Field acquired after receiving letter of provide a month earlier than financial institution blast. Should pay hire this month please,” writes vendor, elonmusk.
If a used turquoise cardboard field from a bankrupt financial institution is not in your want record, customers can choose up a stainless-steel SVP wine tumbler for $59.
Need the set of two tumblers and a bottle? It is going to price you $188.50.
“Given to SVB staff in 2021. An genuine piece of SVB historical past,” says the vendor.
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SVB hearth swag sale
The financial institution collapsed final Friday after a $42 billion financial institution run, forcing the federal authorities to take management of SVP over the weekend.
Now, some ex-employees are hoping there shall be a run on the SVP model swag.
An individual claiming to have labored in SVB’s analytics division was promoting a used espresso mug, with the message: ‘Shopping for this mug helps me but in addition offers you a bit of historical past at one of many quickest financial institution failures in United States historical past. This mug has been used day by day and exhibits indicators of damage.”
Not all SVB objects are real. Some opportunists make the most of the tragedy. A vendor named Staceys_68 is promoting a Silicon Valley Financial institution SVB 2023 FDIC 250k shirt.
Others promote materials supposedly from the Silicon Valley financial institution’s threat administration division.
However beware, the vendor warns: “As a result of busy season, some colours are out of inventory, we are going to contact you if this shade is out of inventory.”