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Sharon Stone says she lost half of her money to banking

17.03.2023

Sharon Stone said she lost money in this banking thing at a recent event.

The Basic Instinct star received the Courage Award on Thursday night at the Women's Cancer Research Fund's An Unforgettable Evening fundraiser, and as she encouraged people to donate, she shared her financial concerns.

I know that thing that you have to figure out how to text the money. It is hard to get on and you have to figure out how to text the money. I am a technical idiot, but I can write a f- ing check. That's courage, because I know what is going on right now. I lost half of my money to this banking thing, and that doesn't mean that I'm not here, Stone said.

She did not specify what the banking thing was, but her comments came just after the collapse of Silicon Valley Bank SVB, which caused major financial market volatility.

The bank, which primarily served tech start-ups, was the 16th largest bank when it was shut down by California regulators on March 10. After a liquidity crisis, the FDIC took over the bank's operations after depositors rushed to withdraw their money due to a panic over the bank's health. It was the second-largest bank failure in the United States history and the largest since Washington Mutual went under in 2008.

SVB reported huge losses that sent its stock price cratering 60% days before its collapse. The bank's customers had deposits in excess of the FDIC's $250,000 protection threshold, which led to fears that hundreds of startup companies might lose access to their money and be unable to make payroll.

The Treasury Department, the Federal Reserve and the FDIC announced a plan on Sunday to allow SVB customers to access all of their funds, even beyond the $250,000 limit.

Stone was talking about the recent loss of her brother Patrick Stone, who passed away last month from a heart attack at the age of 57.

My brother died recently and that doesn't mean that I'm not here, she told the audience. This is not an easy time for any of us. This is a hard time in the world but I m telling you what, I am not having a politician tell me what I can and cannot do. Stand up and say what you are worth. The 65-year-old has had her share of health traumas over the years, which she opened up about in her memoir, The Beauty of Living Twice. She suffered a stroke in 2001 and underwent surgery to remove benign tumors in her breasts.

She shared on Instagram last November that she had a large fibroid tumor removed.

As she told the audience at the fundraiser, don't feel compelled not to get a mammogram, not to get a blood test, and not to get surgery because it doesn't matter. I told you that I had one-and-a-half and more tissue removed from my breasts and none of you knew it.