Hacker News new | ask | show | jobs
by iammiles 1191 days 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."
1 comments

And 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...

(seriously HN, we non-US people have never heard of your terms)

I 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.
It was SV-specific, but now it's US-specific and beyond!
Same here but SVB was the 18th largest bank in the US.
Can you name the 16th and 17th largest banks?

Most of us can think of a few big ones, and a handful of local ones.

Most 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.
When 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.
Test your knowledge https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_U... I might have known 50% of the top 20 maximum.
I know 7 from list 1..10 and 2 from list 11..20
You 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.

I’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.

Most 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

Eight 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.
> some days ago

some hours ago

Sounds like you should get up to date on US terms then, since they’re what matter.
Tissemand.