“When you look at the Silicon Valley scenario, it’s pretty clear, right? What they had were these very significant unrealized losses in their securities,” said Graham, formerly the CEO of BancAlliance, a network of more than 300 community banks. “If they did not have those kinds of ...
On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, whoreportedly advised companiesto withdraw their money from the bank. ...
SAN DIEGO--(BUSINESS WIRE)--$SIVB#SIVB--The Class:Robbins LLPinforms investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired SVB Financial Group (NASDAQ: SIVB) securities between June 16, 2021 and...