Alex Dovbnya SVB Financial, the parent company of Silicon Valley Bank, is reportedly considering a sale as several large financial institutions have expressed interest in acquiring the bank SVB Financ...
Tag: Silicon
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
“Silicon Valley Bank (SIVB), another crypto-friendly bank, comes under pressure. The bank is generally regarded as one of the default fallback options for industry participants impacted by the c...
Silicon Valley Bank in Talks to Sell Itself After Failed Capital Raise: Report
Silicon Valley Bank (SIVB) is reportedly seeking external acquisition after its efforts to raise over $2 billion in capital have failed. Shares in the bank were down 62% in pre-market trading on Frida...
Silicon Valley Bank Shares Halted After Plunging 64% In Pre-Market—VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group were halted after plunging further in pre-market Friday, following measures it took to shore up its financial position Thursday, prompting some ve...
After Silvergate Now Silicon Valley Bank Considers Selling Itself; Who’s Next?
A prominent U.S. financial institution, the Silicon Valley Bank, is looking to sunset its operations as it considers selling itself after failing to raise substantial new funding. SVB, which was a lea...
Silicon Valley Bank plunges 60% before halt, Signature trading stopped shortly after open
Markets • March 10, 2023, 9:56AM EST Trading in Silicon Valley Bank is halted for pending news, but not before after shares plunged 63% in pre-market trading. Signature Bank was halted for volatility ...
VCs urge startups to withdraw funds from Silicon Valley Bank
Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run on the tech-focused b...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss – Bitcoin News
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond ...
Why Silicon Valley Bank’s crisis is rattling America’s biggest banks
The problems of two small banks on the West Coast are rippling across markets and causing new investor concerns about some of the country’s largest financial institutions. Why? Three words: rising int...
‘I don’t see another bank stepping in to help.’ Bill Ackman suggests government intervention to save Silicon Valley Bank parent.
“The failure of Silicon Valley Bank could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash. If private capital can’t p...
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say
The Silicon Valley Bank mobile app logo on a smartphone arranged in Riga, Latvia, March 10, 2023. Andrey Rudakov | Bloomberg | Getty Images SVB Financial, parent of Silicon Valley Bank, is in talks t...
‘Too big to fail’ is back as Bill Ackman says government should consider a Silicon Valley Bank bailout
It’s looking like 2008 for some investors in the private markets. Venture investors and tech founders are in “sheer panic” after Silicon Valley Bank, a prolific lender and important banking institutio...
Silicon Valley Bank Shares Drop 64% In Pre-Market As VC Funds Tell Firms To Withdraw Funds
Topline Shares of Silicon Valley Bank Financial Group plunged further in pre-market Friday, after it took measures to shore up its financial position Thursday, prompting some venture capital funds to ...
Silicon Valley Bank Crashes 67% Pre-Market Amid Silvergate, Crypto Woes
SVB Financial Group, the parent firm of Silicon Valley Bank, shares plunged over 67% in pre-market hours as venture capitalists, including crypto VCs, recommend portfolio companies to move capital out...
Silicon Valley Bank sends stock market crashing, crypto follows
As Silicon Valley Bank fails to reassure customers of its financial state, crypto-focused venture capital investors urge the firms to remove assets from the bank. Both stock and crypto markets are in ...
Silicon Valley Bank drops for a second day, weighing on the bank sector again
In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovniov | Lightrocke...
Experts are Skeptical Over Silicon Valley Bank’s Survival
Silicon Valley Bank’s Stocks fell by nearly 60%. The bank sold off a $21 billion bond portfolio for a significant loss to shore up liquidity. SIVB’s debacle links to the challenges currently faced by ...
Crypto VCs ask portfolios to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank. SVB Financial Group, the parent company of Silicon Valley Bank, lost more th...
European bank stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply in early trade Friday as a global contagion effect took hold after shares in U.S. bank SVB Financial plunged 60%. It followed an announcement by the tech-focus...
Silicon Valley Bank Stock Plummets 60%, Should crypto Investors Brace for Impact?
Silicon Valley Bank’s parent company, SVB Financial Group, recently had to raise $2.25 billion on short notice to avoid job cuts in the technology and startup industries. This move by SVB Financial Gr...
Another US crypto-friendly bank downfall? Silicon Valley Bank stock drops 60%
The past few weeks have seen tech-focused banks offering crypto services and servicing crypto-friendly VCs run into financial difficulties. Silicon Valley Bank stock (NASDAQ:SIVB) dropped by over 60% ...
Silvergate & Silicon Valley Woes Further US Banking Bunkum
As if things weren’t bad enough for the crypto industry, an impending U.S. banking crisis could be the tip of the iceberg. Two major American banks failed in the same week. Earlier this week, crypto b...
‘Sheer panic’ has gripped Silicon Valley VCs and founders amid worries that the startup industry’s most important bank is in trouble
Silicon’s Valley’s clubby world of venture capital investors and entrepreneurs plunged into panic on Thursday amid fast-spreading reports of financial trouble at one the startup industry&#...
US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall
Fears have been heightened over the future of another United States bank this week after Silicon Valley Bank (SVB) announced a significant sale of assets and stocks aimed at raising additional capital...
Crypto VCs urge portfolio companies to pull funds from Silicon Valley Bank
Crypto-focused venture capital investors have advised their portfolio companies to withdraw funds from Silicon Valley Bank, which is struggling to reassure clients after moves to shore up its balance ...
SVB Financial CEO Asks Silicon Valley Bank Clients to ‘Stay Calm’ as Shares Sink
(Bloomberg) — Peter Thiel’s Founders Fund and a handful of other venture capital firms advised their portfolio companies to pull money from Silicon Valley Bank on Thursday, responding to panic a...
Silicon Valley Bank shoots self in foot
It may go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on itself that it had to be resc...
Silicon Valley Bank launches $2.25bn share sale to shore up capital base
Silicon Valley Bank has launched a $2.25bn share sale after suffering a large loss on its portfolio of US Treasuries and mortgage-backed securities, as the technology-focused lender grapples with risi...
What To Know About Effective Altruism—Championed By Musk, Bankman-Fried And Silicon Valley Giants
Topline Effective altruism, which started as a small movement at Oxford University over a decade ago, is an influential and controversial philosophy backed by billionaires—including Facebook co-founde...
Trezor Plans To Produce Silicon Chips For Hardware Wallets
Trezor has been facing challenges in meeting the high demand for its popular hardware wallets due to a shortage of chips. Given this, the company hopes to shorten the supply cycle and reduce its depen...