Unease is spreading across the financial world as concerns about the stability of
The turmoil followed a surprise announcement from Santa Clara, California-based SVB that it was issuing $2.25 billion of shares to bolster its capital position after a significant loss on its investment portfolio. The stock plunged 63% in premarket trading in New York on Friday before trading in the bank’s parent was halted with news pending. They declined 60% the day before. Its bonds posted record declines, igniting ...
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