ã¡ãã£ã¢èšäº
ç±³éè¡ã·ãªã³ã³ãã¬ãŒãã³ã¯ãçµå¶ç Žç¶»ããªãŒãã³å±æ©åŸã§æ倧ïŒåç=ãã€ã¿ãŒïŒ
ããºãææ°ããŒã¯ 9,629
twitterã³ã¡ã³ã 825ä»¶äž 101ïœ200件
SVBã®ç Žç¶»ãæ¥æ¬ã ãšãµãããFGã®ç Žç¶»ã¯ã©ã¹ããã ãã¶ã€ãããªã
åãéšãã©ããã©ã©ã®ãããã®åœ±é¿ã§ããããããææã楜ãã¿ðâš
âïž
ã»ç±³é£éŠé éä¿éºå ¬ç€Ÿ(FDIC)ã管財人ã«ãªãé éä¿è·ãçºå
ã»FRBã®å©äžãã§éå©ãäžæãä¿æåµåžã®å«ã¿æãèšããã
ã»ç±³é£éŠé éä¿éºå ¬ç€Ÿ(FDIC)ã管財人ã«ãªãé éä¿è·ãçºå
ã»FRBã®å©äžãã§éå©ãäžæãä¿æåµåžã®å«ã¿æãèšããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãŸãæ°ããªäžæ³ã®åŒãéããªâŠ
FRBã®å©äžãã§éå©ãäžæããäºã«ããä¿æåµåžã®å«ã¿æãèšããã ããã§SVBã¯ç Žç¶»ããã®ã«ã次åFOMCã®å©äžãäºæ³ã¯æšæ©ã¯50%å²ã£ãŠãã®ã«ä»æã¯68%ã«
ããŒã¿ãŒã»ãã£ãŒã«ã®ãã¡ãŠã³ããŒãºã»ãã¡ã³ããããããŠããããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
æ¯æ°åŸéïŒã€ãã€æµãïŒ
â¶ïžæ¿çéå©ã¯äžãããªãïŒ
ç±³éã®ç Žç¶»ã§ã¯ã2008幎9æã®éèå±æ©ã§ç Žç¶»ãã米貯èéèæ©é¢ïŒS&L=å°æ¹éè¡ã«çžåœïŒæ倧æã®ã¯ã·ã³ãã³ã»ãã¥ãŒãã¥ã¢ã«ã«ç¶ã2çªç®ã®èŠæš¡ãšãªã
æ¯æ°åŸéïŒã€ãã€æµãïŒ
â¶ïžæ¿çéå©ã¯äžãããªãïŒ
ç±³éã®ç Žç¶»ã§ã¯ã2008幎9æã®éèå±æ©ã§ç Žç¶»ãã米貯èéèæ©é¢ïŒS&L=å°æ¹éè¡ã«çžåœïŒæ倧æã®ã¯ã·ã³ãã³ã»ãã¥ãŒãã¥ã¢ã«ã«ç¶ã2çªç®ã®èŠæš¡ãšãªã
æšæ¥ã¯é»ç°äžçºããºãŒã«ð
éçšçµ±èš ããåãããåãð
ããã¡ã¯SVBç Žç¶»ð
é±æãèãããã¿ãŒã³ã§ããð
ãšããããð åæ¥ã楜ãã¿ãŸãããïŒïŒ
éçšçµ±èš ããåãããåãð
ããã¡ã¯SVBç Žç¶»ð
é±æãèãããã¿ãŒã³ã§ããð
ãšããããð åæ¥ã楜ãã¿ãŸãããïŒïŒ
ãããããâŠãã ãã ã£ããâŠ
ããçµæ§ããã©ãã®ã§ã¯âŠâŠ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ããçµæ§ããã©ãã®ã§ã¯âŠâŠ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
æ°è±¡æäœãé£ç³§å±æ©ããã³ãããã¯ãæŠäºãçµæžå±æ©ã£ãŠãæŽå²ã¯ç¹°ãè¿ãã
ä»çµãŸãããæµãã ãª
â
ä»çµãŸãããæµãã ãª
â
ãããŒçµå±çµå¶ç Žç¶»ããã®ã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
æ©ãã£ããªãâŠ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ã¢ã¡ãªã«ã®ITäŒæ¥ãããããã¬ã€ãªãããŠãŠãäžã§ãããªãã¥ãŒã¹èŠã¡ãããšVRChatãã ãããã¶ãªã®ãå¿é
ð¥
æªå ¬éã§è²¡åç¶æ³ãããããªããã©ãåå ¥æžã¯VRC+以å€ã«ãªãããã§ããµãŒããŒä»£ãšããããããã£ãŠããã ãããã
æªå ¬éã§è²¡åç¶æ³ãããããªããã©ãåå ¥æžã¯VRC+以å€ã«ãªãããã§ããµãŒããŒä»£ãšããããããã£ãŠããã ãããã
ãâŠSVBç Žç¶»ãããã§ããð±
ããããå©äžãããªãã§ãããâŠ
ãªãŒãã³ã·ã§ãã¯ããã£ãŠäºã§ããð
ããããå©äžãããªãã§ãããâŠ
ãªãŒãã³ã·ã§ãã¯ããã£ãŠäºã§ããð
æšæ¥ã®çäžãã¯ããã ã£ãã®ãð¥º
æ»ãã
ãªãŒãã³ã·ã§ãã¯ä»¥æ¥ã®ãªãããããããã¿ããã§ããïŒ
æ¥æ¬èªã§ãèšäºåºãŠãã
ãŸãããâŠ
ãŸãããâŠ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ã®çµå¶ç Žç¶»ãããŸãéšãã«ãªã£ãŠããªãã®ãæå€ã
ç±³åœã®ã€ã³ãã¬å¯Ÿçã«ã€ããŠãããŒã©ã³ãã£ã³ã°ãšããã·ããªãªããããããããªã«çã話ã¯ãªãã次ã®FOMCãããã®æ¬¡ã0.5%å©äžãã決å®ãããšãæŽã«èŠãããªãç Žç¶»ããéè¡ãå¢ããã§ããããã
ç±³åœã®ã€ã³ãã¬å¯Ÿçã«ã€ããŠãããŒã©ã³ãã£ã³ã°ãšããã·ããªãªããããããããªã«çã話ã¯ãªãã次ã®FOMCãããã®æ¬¡ã0.5%å©äžãã決å®ãããšãæŽã«èŠãããªãç Žç¶»ããéè¡ãå¢ããã§ããããã
ãªãŒãã³ã·ã§ãã¯åã³ãâŠïŒ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
SVBã¯éèç·©åäžã§VCãªã©ããè³éã掻çºã«èª¿éãããã³ãã£ãŒäŒæ¥ã®é éãéããŠãããæ¥æ¡å€§ããé éã§æºæãŸã§ã®æéãé·ãç±³åœåµãäœå® ããŒã³æ ä¿èšŒåžïŒMBSïŒãäžå¿ã«éçšããŠãã
ALMããã
SVBã¯éèç·©åäžã§VCãªã©ããè³éã掻çºã«èª¿éãããã³ãã£ãŒäŒæ¥ã®é éãéããŠãããæ¥æ¡å€§ããé éã§æºæãŸã§ã®æéãé·ãç±³åœåµãäœå® ããŒã³æ ä¿èšŒåžïŒMBSïŒãäžå¿ã«éçšããŠãã
ALMããã
ïŒïŒäžãã«ã®é éãŸã§ã¯ä¿è·ãããŸããããã以äžã®é éã¯äžæã§ããã·ãªã³ã³ãã¬ãŒéè¡ã¯å€ãã®ã¹ã¿ãŒãã¢ãããå£åº§éèšããŠããã®ã§ããã®éã«ãã£ãã·ã¥ãç¡ããªã朰ããäŒç€Ÿãå€ãåºãŠãããã âŠ
ã¿ã€ã ã©ã€ã³ã§èŠãŸããŠã
ããã¯å€§å€ãªããšã«ãã
ããã¯å€§å€ãªããšã«ãã
人ããšãããªãã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶»ãªãŒãã³å±æ©åŸã§æ倧
ãããSVBãã¡ã€ã³ãã³ã¯ã«ããŠããã¹ã¿ãŒãã¢ããã¯æ¥æ¿ã«è³éç¹°ããæªåããŠé£éåç£ããããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ã®ç Žç¶»ããã察岞ã®ç«äºã§ã¯ãªããŠãéè¡ãè²·ã£ãŠããåµåžãå©äžãã«äŒŽã£ãŠå€äžããããããšã«ãããã®ãæ¥æ¬ãåéèæ©é¢ãæã£ãŠããåœåµã£ãŠãŸããŸããªèŠæš¡...ãæ¥éãéèç·©åã®åºå£ã§éå©ãäžããŠãããšã©ããªãããšãã...
å§ãŸã£ããª
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
éå©ããã«/åãäžãã£ãŠãã®ã«æ ªå®ã§ãããããšæã£ãŠããSVBç Žç¶»âŠ
ãªãŒãã³ã·ã§ãã¯åæ¥ã«ã¯ãªããªãã£ãŠå£°å€ããã©çžå Žãå³ããããšã«ã¯ããããªãããæ ãŠãç®å ã¯ä»èŸŒæãæ¢ãæããð€
ãªãŒãã³ã·ã§ãã¯åæ¥ã«ã¯ãªããªãã£ãŠå£°å€ããã©çžå Žãå³ããããšã«ã¯ããããªãããæ ãŠãç®å ã¯ä»èŸŒæãæ¢ãæããð€
ãªãŒãŒãããé²è¡ããæªããããã
SVB:Silicon Valley Bank
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶»
ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶»
ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
æšå¹Žãããä»å¹Žã¯å¿
ãäžæ¯æ°ã«ãªããããšã¯ãã®ã¬ãã«ããªãŒãã³çŽãã©ãããã ãšèšã£ãŠããŸãããããªãŒãã³ã®æãå
ã«éèæ©é¢ã®çµå¶ãèœã¡èŸŒã¿ãæéå·®ã§äºæ¥äŒç€Ÿã«åœ±é¿ãåºãã£ãããã¡ãããç§ã®å«ãªäºæãå€ããŠãããæ¹ãããã®ã ããçµæžæ³¢ä¹±ã¯ãã°ããç¶ãã ãã
è³éã·ã§ãŒããªã¹ã¯ãçªçºããå瀟ãæ¢åVCãžã®ããªããžãã¡ã€ãã³ã¹ã®æ蚺ãã³ã¹ãããŠã³ã®æ€èšãå§ããŠããã®ããªâŠ
æ°é倧æãSVBãæ¯æŽããªããšãVCã®å¯Ÿå¿åãçæ»ãä»åŸã®æé·æ§ã«ããªã圱é¿ãäžããããéã«ãããšéžã°ããäŒæ¥ããªã¹ã¯åé¿åºæ¥ãäŒæ¥ã«ã¯ãã£ã³ã¹ã
æ°é倧æãSVBãæ¯æŽããªããšãVCã®å¯Ÿå¿åãçæ»ãä»åŸã®æé·æ§ã«ããªã圱é¿ãäžããããéã«ãããšéžã°ããäŒæ¥ããªã¹ã¯åé¿åºæ¥ãäŒæ¥ã«ã¯ãã£ã³ã¹ã
ä»åŸã®åœ±é¿ãäžå®æ³šèŠããå¿
èŠã
ç±³é£éŠé éä¿éºå
¬ç€Ÿã¯10æ¥ãããã¯é¢é£ã®ã¹ã¿ãŒãã¢ãããžã®èè³ã§ç¥ãããéè¡ãã·ãªã³ã³ãã¬ãŒãã³ã¯ãçµå¶ç Žç¶»ãäºæ¥ãåæ¢ãããšçºè¡šããŸãããååŒå
ã®æ°èããã¯äŒæ¥ã®è³éç¹°ãæªåã«åããè³æ¬å¢åŒ·çã8æ¥ã«çºè¡šããããä¿¡çšäžå®ãæãæ ªäŸ¡ãæ¥èœããŠããŸããã
æ¥æ¬ã§ãé·æéå©ãäžããå§ãããšãå°æ¹éè¡ã¯ãã®ãããªäºæ
ã«é¥ããç±³åœã¯æ¥æ¬ã«æ¯ã¹ããšå¥å
šãªç¶æ
ã«æ»ãã€ã€ããããè¯ãããæ¥éã®è²¡åå
容ã®æªãããã£ããã§ããã€ããŒã€ã³ãã¬ã«ãªãå¯èœæ§ã¯ååããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãããã
ãªãŒãã³å±æ©åæ¥ã»ãŒç¢ºå®ã
ãã°ãã
ãã°ããã
ãªã«ããã°ãã£ãŠãå®åæäžã®ãé°ã§æ¥æ¬åã¯ãããŒãããã
ãªãŒãã³å±æ©åæ¥ã»ãŒç¢ºå®ã
ãã°ãã
ãã°ããã
ãªã«ããã°ãã£ãŠãå®åæäžã®ãé°ã§æ¥æ¬åã¯ãããŒãããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãã®ä»¶ã«ã€ããŠ"ã·ãªã³ã³ãã¬ãŒéè¡"ã£ãŠæžããŠã人ã®èšã£ãŠãããšã¯ããŸãšãã«èããªãæ¹ãè¯ãæ°ãããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
æ¥éãåŒãç· ãïŒå©äžãïŒã«è»¢ããããªãã®ã¯ãæ¥æ¬ã§ããããªãããšãåãã£ãŠããããããããšãŠç·©åãç¶ããã°æ¥éãšæ¿åºè²¡æ¿ãç Žç¶»ãããé²é窮ãŸã£ããªã
SVBãçµå¶ç Žç¶»
ã¹ããŒãæ溢ããç Žç¶»å
æ¥æ¬ã®éèã¯FTXã§ããã«æ¥æ¬äººã®è³ç£ä¿è·ã«åããããæ³ã«ãããŠãã€ã³ãã¬æ代ã®è³ªå®åå¥ãªæ¥æ¬ã£ãŠæãããã
ã¹ããŒãæ溢ããç Žç¶»å
æ¥æ¬ã®éèã¯FTXã§ããã«æ¥æ¬äººã®è³ç£ä¿è·ã«åããããæ³ã«ãããŠãã€ã³ãã¬æ代ã®è³ªå®åå¥ãªæ¥æ¬ã£ãŠæãããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãããšãããã¯å€åœçºæ¿åžå Žãšãæ¥æ¬ã®æ ªåŒåžå Žã«ã©ã®ãããªåœ±é¿ãäºæ³ããããã ã£ã
ãããšãããã¯å€åœçºæ¿åžå Žãšãæ¥æ¬ã®æ ªåŒåžå Žã«ã©ã®ãããªåœ±é¿ãäºæ³ããããã ã£ã
ãããããããŒã¯çŽãã以äžã«ãªããªãç¬
ç±³éSVBãçµå¶ç Žç¶»ãç±³åœå±çºè¡š é éä¿è·çºå
ç±³éSVBãçµå¶ç Žç¶»ãç±³åœå±çºè¡š é éä¿è·çºå
ãã£ãšããéã«ç Žç¶»ããŠããŸã£ããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡çµå¶ç Žç¶» ãªãŒãã³åŸã§æ倧ïŒæ¥çµ11æ¥
*ããã¯é¢é£ã¹ã¿ãŒãã¢ãããžã®èè³ã§ç¥ãããéè¡æã¡æ ªäŒç€ŸSVBãã¡ã€ãã³ã·ã£ã«ã»ã°ã«ãŒãåäž
*ããã¯é¢é£ã¹ã¿ãŒãã¢ãããžã®èè³ã§ç¥ãããéè¡æã¡æ ªäŒç€ŸSVBãã¡ã€ãã³ã·ã£ã«ã»ã°ã«ãŒãåäž
ïŒæ¥æ¡å€§ããé éã§æºæãŸã§ã®æéãé·ãç±³åœåµãäœå®
ããŒã³æ
ä¿èšŒåžïŒMBSïŒãäžå¿ã«éçšããŠããããFRBã«ããæ¥ãããã®å©äžãã§éå©ãäžæïŒåµåžäŸ¡æ Œã¯äžèœïŒããå«ã¿æãèšããã§ããã
工(ÂŽÐŽïœ)工
ãããã£ãããã¹ãããªãããããâŠåè²·ãã§ãªã¹ã¯åé¿éåã¯ããŸãããã
åé«ãªãããªã
åé«ãªãããªã
ããç Žç¶»ãããã ïŒããããã£ãŠãªãïŒ
ããããâŠ
è¡æçãªãã¥ãŒã¹âŠ
è¡æçãªãã¥ãŒã¹âŠ
ãªãŒãã³ã·ã§ãã¯åæ¥ãã軜èŠããªãæ¹ãããã
é·æéç¶ããäœéå©ã®ããã§ã¬ãã¬ããžã®å¹ãããã€ãªã¹ã¯ã®ä»çµã¿åµãå¢ããŠããã
ãã³ãã£ãŒäŒæ¥åãã®ïŒ£ïŒ¬Ðãªããèããã ãã§å¯æ°ãããã
é·æéç¶ããäœéå©ã®ããã§ã¬ãã¬ããžã®å¹ãããã€ãªã¹ã¯ã®ä»çµã¿åµãå¢ããŠããã
ãã³ãã£ãŒäŒæ¥åãã®ïŒ£ïŒ¬Ðãªããèããã ãã§å¯æ°ãããã
ãã£ãšãæ¥ãã
SVäŒæ¥ã®äœè¿·ãã€ãã«éèã«é¡åšåããã
ããããã€ãã¹èœãšãã«SVãšã³ããããã¯ã«é¥ããªããã°è¯ããã©
ããããã€ãã¹èœãšãã«SVãšã³ããããã¯ã«é¥ããªããã°è¯ããã©
éèåŒãç· ãã§æ©æµãåããªãéè¡ç³»ããããããã¯æ¥æ¬ã«ãããŠãã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãªããããããã¥ãŒã¹ãããªã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãŸãããªãŒãã³ã·ã§ãã¯ã¿ãããªäžæ¯æ°æ¥ãã®ããªâŠâŠ
倧ããã®ç Žç¶»ã£ãœãã§ããã
ç±³éSVBãçµå¶ç Žç¶»ãç±³åœå±çºè¡š ãªãŒãã³å±æ©åŸã§æ倧
ç±³éSVBãçµå¶ç Žç¶»ãç±³åœå±çºè¡š ãªãŒãã³å±æ©åŸã§æ倧
ç Žç¶»ã§ãè²·æãææžããªããã°ãç±³ã¹ã¿ãŒãã¢ããã®å€§åããã¡ãŒãžãåããïŒæ¢ã«åœ±é¿ããïŒããšã¯ç¢ºå®ãªæ
å¢
æ ªäŸ¡ã®äžèœãäžå®ã®åœ±é¿ã¯ã ã«ã€ãªãããåœå ã¯çŽæ¥é¢ä¿ãªããŠã調éç°å¢ã¯æªå
VCæè³å ã®ç Žç¶»æžå¿µããåœè©²VCã®æ åºã«ã圱é¿å¯èœæ§
æ ªäŸ¡ã®äžèœãäžå®ã®åœ±é¿ã¯ã ã«ã€ãªãããåœå ã¯çŽæ¥é¢ä¿ãªããŠã調éç°å¢ã¯æªå
VCæè³å ã®ç Žç¶»æžå¿µããåœè©²VCã®æ åºã«ã圱é¿å¯èœæ§
ãšã«ããã¹ã¿ãŒãã¢ããçéããŸããšããç¶æ³ã«ãªããããšããããšã¯ããã£ããæ¥æ¬ãžã®åœ±é¿ã£ãŠã©ãããããªãã ãããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ã€ãŸããä¹
ãã¶ãã®ãã£ã³ã¹ãå°æ¥ãããšããããšã§ããïŒä»ãããé·æãç®ç·ã ã
ïŒèªåãå€ããŠããéè¡ãçµå¶ç Žç¶»ããŸãããâŠãïŒ
ã«å£ãã®ã¯çµããã
ïŒèªåãå€ããŠããéè¡ãçµå¶ç Žç¶»ããŸãããâŠãïŒ
ã«å£ãã®ã¯çµããã
倩å€å°ç°ãé£ç³§å±æ©ããã³ãããã¯æŠäºãšæ¥ãã次ã¯éèå±æ©ã ãã(Ž_`)
ããŒããŒã¯ãªéèæ©é¢ã®ç Žç¶»ã¯å€æ¹é¢ã«åœ±é¿ãåãŒãã ãã«ãçµæ§å±ãªãã2008幎ã®éèå±æ©ãæãèµ·ãããŠããŸãã泚èŠããã°ãïŒç±³éSVBãçµå¶ç Žç¶»ãç±³åœå±çºè¡š ãªãŒãã³å±æ©åŸã§æ倧
ãããã©ãæ¥æ¬ã«æ³¢åããã®ããªããšæŠã
æã
ããªãŒãã³ã¿ããã«ã¯ãªããªããšæããã©ã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
顧客ã®å€§åãã¹ã¿ãŒãã¢ããã§ããç±³éè¡ã·ãªã³ã³ãã¬ãŒãã³ã¯ãçµå¶ç Žç¶»ã
ããã¯éåžžã«ãŸããããšã«ãªãããâŠ
ããã¯éåžžã«ãŸããããšã«ãªãããâŠ
SVBã®ã¯ã¹ã¿ãŒãã¢ããã«ããªãã€ãããã
ç±³éSVBãçµå¶ç Žç¶»ãç±³åœå±çºè¡š é éä¿è·ãçºå
ããâŠPCéãããSVBç Žç¶»ããŠã
顧客ã®å€§åãã¹ã¿ãŒãã¢ããã§ãããã³ãã£ãŒãããã®æ倧æãç±³éè¡ã·ãªã³ã³ãã¬ãŒãã³ã¯ãçµå¶ç Žç¶»ãããã¯éåžžã«ãŸããããšã«ãªãããâŠ
æ¥æ¬ã®ã¹ã¿ãŒãã¢ãããžã®åœ±é¿ã¯ã©ããªã®ãâŠâŠ
æ¥æ¬ã®ã¹ã¿ãŒãã¢ãããžã®åœ±é¿ã¯ã©ããªã®ãâŠâŠ
ã·ãªã³ã³ãã¬ãŒãã³ã¯ã®ç·è³ç£ã¯çŽ2090åãã«
å šç±³ã§16äœ
ãã³ãã£ãŒäŒæ¥ã®é éã3幎éã§3.8åã«èšåŒµ
æéãé·ãç±³åœåµãMBSéçšãå«ã¿æ
é¢é£äŒæ¥ããã®é éãéããŠããã·ã«ããŒã²ãŒãã»ãã£ãã¿ã«ãæž ç®
å šç±³ã§16äœ
ãã³ãã£ãŒäŒæ¥ã®é éã3幎éã§3.8åã«èšåŒµ
æéãé·ãç±³åœåµãMBSéçšãå«ã¿æ
é¢é£äŒæ¥ããã®é éãéããŠããã·ã«ããŒã²ãŒãã»ãã£ãã¿ã«ãæž ç®
(êªâêª)
ããä¿éºé床é¡ãè¶
ããé éé¡ã¯æªç¢ºå®ãïŒFDICïŒã
ïŒ
ïŒ
ããã¯ããªãã®åœ±é¿ã«ãªãã
ããã«è³éãžã£ããžã£ãã®åœ±é¿ã
ã§ããŸããããã£ãŠäžãããšãã«ãã£ãããšä»èŸŒãã®ããã€ã³ãã
æ¿äžããããŠããããã£ãããšä»èŸŒããã
ããã«è³éãžã£ããžã£ãã®åœ±é¿ã
ã§ããŸããããã£ãŠäžãããšãã«ãã£ãããšä»èŸŒãã®ããã€ã³ãã
æ¿äžããããŠããããã£ãããšä»èŸŒããã
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
âããã¯äŒæ¥ãžã®èè³ã§èåãªã·ãªã³ã³ãã¬ãŒãã³ã¯ãç Žç¶»â
ç·è³ç£28å
åã®ã·ãªã³ã³ãã¬ãŒãã³ã¯ãç Žç¶»ã2008幎以éã®éè¡ç Žç¶»ãšããŠã¢ã¡ãªã«æ倧ãå©äžãã§ä¿æããŠãã蚌åžã®äŸ¡æ ŒãäžèœãåŠå売ãã«åºããšãããä¿¡çšäžå®ãèµ·ãããåãä»ãéšãã«ãªã£ãŠç Žç¶»ã«è¿œã蟌ãŸããããã ã
ã·ãªã³ã³ãã¬ãŒã®çµããã®å§ãŸããã
ã·ãªã³ã³ãã¬ãŒã®çµããã®å§ãŸããã
ç·è³ç£28å
åã®ã·ãªã³ã³ãã¬ãŒãã³ã¯ãç Žç¶»ã2008幎以éã®ç Žç¶»ãšããŠã¢ã¡ãªã«æ倧ãå©äžãã§ä¿æããŠãã蚌åžã®äŸ¡æ ŒãäžèœãåŠå売ãã«åºããšãããä¿¡çšäžå®ãèµ·ãããåãä»ãéšãã«ãªã£ãŠç Žç¶»ã«è¿œã蟌ãŸããããã ã
ã·ãªã³ã³ãã¬ãŒã®çµããã®å§ãŸããã
ã·ãªã³ã³ãã¬ãŒã®çµããã®å§ãŸããã
å®ã¯ã¯ã€ã³é¢ä¿äŒæ¥ã®ã¯ã©ã€ã¢ã³ãã¯400瀟以äžãããããã©ããªãã®ãããŸã æ
åœè
ãåãã£ãŠããªãæš¡æ§ã
æ¥é±ããã®çºæ¿çžå Žã倧èãã«ãªãïŒ
"âŠããã¯é¢é£ã®ã¹ã¿ãŒãã¢ãããžã®èè³ã§ç¥ããã..."ïŒ
â²ãã¹ã¿ãŒãã¢ãããã®è¡ãè©°ãŸãã象城ããŠããããã¯ãæé·ã®äœå°ã倱ãããããšããããšã
â²ãã¹ã¿ãŒãã¢ãããã®è¡ãè©°ãŸãã象城ããŠããããã¯ãæé·ã®äœå°ã倱ãããããšããããšã
ãã³ãã£ãŒæè³ç³»ã®éè¡ãªã®ãããã
ãç±³é£éŠæºåçäºäŒïŒFRBïŒã«ãããš22幎æ«æç¹ã§ã®ã·ãªã³ã³ãã¬ãŒãã³ã¯ã®ç·è³ç£ã¯çŽ2090åãã«ïŒçŽ28å
åïŒã§ãè³ç£èŠæš¡ã¯å
šç±³ã§16äœã
ãªãŒãã³ã·ã§ãã¯ããªã¿ãŒã³ãºãããããããâŠïŒïŒïŒïŒïŒâŠ
NISAã®æ°åã¯åœåèŠãªãããã«ãããâŠ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
('Ï')ïŸïŸïœ¯
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ãã¹ãããã¹ãã
ãã¹ãããã¹ãã
äžå¿è»äžŠã¿èšäºã«ã¯ããŠããã
æã®ãã¬ãã§ã¯å šãèŠãããªãã£ããã
æã®ãã¬ãã§ã¯å šãèŠãããªãã£ããã
ã¯ïŒïŒïŒïŒïŒâŠ
æ¥æ¬ãã©ããïŒ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ããïŒãããããŠããããºã€ãïŒïŒ
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ç±³ã·ãªã³ã³ãã¬ãŒéè¡ãçµå¶ç Žç¶» ãªãŒãã³å±æ©åŸã§æ倧
ããã«åŽ©å£ã§ãããããã¯äŒæ¥ã®æ¥çžŸã¯ä»åŸäœè¿·ããã§ãããïŒ
ãããã20%ãšãäžãããããªãçŸéãšãå€è²šå»ºãŠMMFã®äœåãçªã£èŸŒãã§ãããŸã