Days before Silicon Valley Bank collapsed, the bank praised itself for being named onForbes magazine's annual ranking of 'America's Best Banks' for five years in a row.
Silicon Valley Bank customers were seen outside a Menlo Park, California location, Friday, after the Federal Deposit Insurance Corporation seized its assets.
SVB was the nation's 16th largest lender before it was shut down Friday after it lost $2 billion in a liquidity crisis. The bank's failure has sent shockwaves through, as it was a major financier of tech startups. Hundreds of companies were affected by the shutdown, including retailer Camp and coffee company Compass Coffee, who say they have not been able to access their deposits.
As the Federal Reserve has raised interest rates, bond prices have fallen, which reduced the market value of SVB's portfolio. Bloomberg News reported SVB had "mark-to-market losses in excess of $15 billion at the end of 2022 for securities held to maturity."
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Silicon Valley Bank spooks Silicon ValleySilicon Valley Bank, long one of the most popular financial institutions among tech and life sciences startups, saw its shares fall more than 60% on Thursday, wiping out a whopping $9.4 billion in market value.
続きを読む »
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
続きを読む »
Silicon Valley Bank Rocked, Bank Shares PlummetA financial free fall is happening right now in the Bay Area. One of the most trusted local banks is in trouble and now there’s growing concern that some companies are withdrawing their funds, which could spell doom.
続きを読む »
Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
続きを読む »
Silicon Valley Bank drops another 45%, weighing on the bank sector againShares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
続きを読む »
Silicon Valley Bank drops another 60%, weighs on the bank sector againShares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again.
続きを読む »