Dow tumbles 345 points as the biggest bank failure since 2008 rattles nerves
Stocks had moved higher ahead of the opening bell after investors found some relief in the February jobs report.last month, much higher than expectations of 205,000 in a Bloomberg survey of economists. But wage growth slowed to 0.2% from January's 0.
5% pace, curbing expectations the Federal Reserve will upsize its March interest rate hike to 50 basis points. crisis: What you need to know about SVB Financial as its shares plunge. Emerging markets investing pioneer Mark Mobius says most of his investments are in Taiwan
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Silicon Valley Bank CEO sold $3.6 million in stock days before the bank’s failureSilicon Valley Bank Chief Executive Officer Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failur…
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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.
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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:
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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.
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Silicon Valley Bank's stock plunge 60%The bank known for helping launch tech startups has reeled from the downturn and rising interest rates.
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Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-outSVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares.
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