Panic spread in tech circles about the financial health of Silicon Valley Bank, a major lender to fledgling companies, as the firm said Thursday it was holding a $2.25 billion share sale after a signi...
Tag: SVB
SVB is not a canary in the banking coal mine
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Welcome to jobs day. Forecasters think there w...
SVB sinks wiping $61B in market value off bank stocks
Jittery investors got another scare on Thursday after Silicon Valley Bank announced plans for $1.75 billion in common stock and depository shares. SVB shares lost 60.4%, the largest percentage drop si...
Bill Ackman Says US Should Mull SVB Bailout as Possible Option
(Bloomberg) — The US government should consider a “highly dilutive” bailout of SVB Financial Group if a private capital solution can’t be provided, according to Pershing Square founder Bill Ackm...
S&P 500 Breaks Critical Support As SVB Financial Crash Slams Bank Stocks; Jobs Report Looms
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures ahead of Friday’s February jobs report. SVB Financial kept tumbling after triggering a bank stock s...
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...
SVB Financial Group Shares Crater on Stock Sale Announcement
Shares of SVB Financial Group (SIVB) are cratering after the holding company for Silicon Valley Bank announced it was seeking to raise $2.25 billion in stock sales in order to shore up its financial p...
SVB Financial stock plummets toward biggest one-day selloff in 23 years after stock offering, large losses on securities sales
Shares of SVB Financial Group SIVB, +0.16% plummeted 30.6% to pace all of the S&P 500’s SPX, +0.14% premarket losers on Thursday, which puts them on track for the worst one-day performance in 23 y...
Silvergate, Etsy, SVB Financial, Uber and more
Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines before the opening bell: Etsy — Shares fell more than 6% in premarket after Jefferies double-downgraded the online ...
Pfizer favored over Merck for Seagen acquisition: SVB analyst
Pfizer’s (PFE) interest in Seagen (SGEN) marks the second time in a year the cancer-focused biotech has been an acquisition target by a major pharmaceutical player in the cancer space. Seagen wa...
Reports Say Young Drinkers Are Over Wine. What Do Winemakers Think?
Younger generations are sticking to spirits and hard seltzers, report says. What is the wine … [+] industry going to do about it? getty On the heels of the release of 2023’s Silicon Valley Bank ...
Netflix, Coinbase, Alphabet, SVB Financial & more
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant jumped more than 6% after Netflix added 7...
U.S. Wineries Still Not Doing Enough To Attract Younger Multi-Cultural Consumers, SVB 2022 Report Says
Group Of Friends Enjoying Night Out At Rooftop Bar getty Though more than 50% of the premium wineries surveyed in Silicon Valley Bank’s 2022 State of the Wine Industry Report, stated they had a very g...
10 banks that may face trouble in the wake of the SVB Financial Group debacle
As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...