Workers public sale their SVB merchandise on eBay


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.”

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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.”


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