Silicon Valley is turning on its bank
of its bond portfolio, which led to a loss of $1.8 billion, thanks to higher interest rates and other factors. Because of this loss, SVB said it would raise about $2 billion from investors by selling stock and issuing related securities. This caused some VCs and founders to worry about the financial strength of their banking institution.
A source familiar with the Red Beard Ventures firm told Insider they are moving their accounts out of SVB and have told the startup founders in their portfolio to do the same. This person said keeping the money at SVB was not worth the risk. The media relations and investor relations departments of SVB did not return an email seeking comment on Thursday. SVB CEO Gregory Becker told clients on a Thursday call to stay calm and that there's no need to worry, according to
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 »
Silicon Valley Bank's struggles spell further trouble for beleaguered tech startup marketSilicon Valley Bank's crisis is due to the challenges faced by its clients, though the problems could now get worse.
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 shares plunge on stock-sale plan to stem cash burnSVB Financial Group shares plunged more than 62% on Thursday, a day after the lender launched a $1.75 billion share sale to shore up its balance sheet and navigate declining deposits from startups struggling for funds amid increased spending.
続きを読む »
Crypto VCs urge portfolio companies to pull funds from Silicon Valley BankFive crypto-focused venture firms said they have advised portfolio companies to withdraw funds from Silicon Valley Bank, the ailing lender.
続きを読む »