Silicon Valley Bank’s shares are tanking as a mess unfolds

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Silicon Valley Bank’s shares are tanking as a mess unfolds

Shares of Silicon Valley Bank are down sharply Thursday in the wake of the company’s announcement that it is raising additional capital by selling stock, taking a charge to roll over an asset portfolio to higher-yielding assets and extending its term-borrowing capacity. Venture firms are advising portfolio companies to move money out of SVB Given […]

Silicon Valley Bank’s shares are tanking as a mess unfolds by Natasha Mascarenhas originally published on TechCrunch

Silicon Valley Bank’s shares are tanking as a mess unfolds

2023-03-10 06:03

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