- Sharon Stone spoke at the Women’s Cancer Research Fund’s “One Night to Remember” fundraiser.
- On Thursday, Stone mentioned that he lost money because of “this banking thing.”
- His comments come after the collapse of Silicon Valley Bank.
Sharon Stone said she lost half her money due to “this banking thing” during a recent fundraiser.
Several celebrities from the list attended Women’s Cancer Research Fund “An Unforgettable Night” Fundraiser on Thursday, including Stone, who received the Award of Valor. A video shared by Chris Gardner of The Hollywood Reporter on Twitter showed Stone mention recent financial difficulties during his speech while encouraging the audience to donate to charity.
“I know that you have to go on and figure out how to text the money is hard. I’m a technical idiot, but I can write a damn check,” Stone said. “And right now, that’s also courage, because I know what’s going on. I just lost half my money on this banking thing, and that doesn’t mean I’m not here.”
Stone was moved during his speech and shed a few tears as he spoke.
Representatives for Stone did not immediately respond to Insider’s request for comment.
While Stone did not elaborate on “this banking thing,” his comments came after Silicon Valley Bank (SVB) fell apart last week. Insider’s Dan DeFrancesco reported that a combination of rising interest ratesBad financial decisions, a bad market for technology, and a bank run caused SVB to implode on March 10.
It’s the biggest banking collapse since Washington Mutual in 2008, which prompted federal regulators to announce it was rescue SVB customers.
After turning off SVB, Federal regulators shut down Signature Bank of New York on March 12.
President Biden issued a statement Friday calling on Congress to hold bank executives accountable for their failings..
“No one is above the law, and strengthening accountability is an important deterrent to future mismanagement,” he said.