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Silicon Valley Bank scrambles to reassure clients after stock wipe-out
SVB Financial Group (SIVB.O) scrambled 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.
By
Reuters
Reuters
WASHINGTON: SVB Financial Group (SIVB.O) scrambled 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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