Some SVB customers are struggling to wire funds out of the bank

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Some SVB customers are struggling to wire funds out of the bank

Some of Silicon Valley Bank’s customers are struggling to transfer funds out of their bank accounts, numerous sources tell TechCrunch. The seeming wave of attempted withdrawals comes after SVB announced yesterday that it lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities that it had invested in, owing to rising interest rates. […]

Some SVB customers are struggling to wire funds out of the bank by Natasha Mascarenhas originally published on TechCrunch

Some SVB customers are struggling to wire funds out of the bank

2023-03-10 08:01

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