Bloomberg Law
March 15, 2023, 8:29 PM

SVB Corporate Clients Reveal Exposure Spanning Biotech to Media

Redd Brown

Since Silicon Valley Bank’s collapse on Friday, listed companies big and small have come forward to try and reassure investors about their exposure to the failed lender.

So far, the market doesn’t seem convinced. Shares of the about 80 companies that have detailed their dealings with SVB have fallen by an average of almost 6% since Friday, with almost three-quarters of the group trending downwards, according to data compiled by Bloomberg. Over the same period, the benchmark S&P 500 Index traded down about 1.9%.

Though US regulators stepped in over the weekend to guarantee that all deposits in SVB ...

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